First National (FXNC) Projected to Post Earnings on Wednesday

First National (NASDAQ:FXNC - Get Free Report) is projected to issue its Q2 2025 quarterly earnings data before the market opens on Wednesday, July 30th. Analysts expect the company to announce earnings of $0.49 per share and revenue of $22.30 million for the quarter.

First National Stock Down 0.3%

NASDAQ:FXNC traded down $0.07 during mid-day trading on Friday, hitting $21.67. The stock had a trading volume of 8,489 shares, compared to its average volume of 30,051. The company has a market capitalization of $194.81 million, a PE ratio of 26.11 and a beta of 0.49. First National has a twelve month low of $16.22 and a twelve month high of $26.97. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The stock has a 50-day simple moving average of $20.11 and a two-hundred day simple moving average of $21.66.

First National Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $0.155 per share. The ex-dividend date was Friday, May 30th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.86%. First National's dividend payout ratio (DPR) is presently 74.70%.

Hedge Funds Weigh In On First National

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in shares of First National by 157.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 40,744 shares of the company's stock worth $915,000 after buying an additional 24,931 shares during the last quarter. Empowered Funds LLC increased its stake in shares of First National by 6.8% during the 1st quarter. Empowered Funds LLC now owns 15,089 shares of the company's stock valued at $339,000 after acquiring an additional 959 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of First National during the 1st quarter valued at about $598,000. 33.92% of the stock is currently owned by hedge funds and other institutional investors.

First National Company Profile

First National Corporation operates as the bank holding company for First Bank that provides various commercial banking services to small and medium-sized businesses, individuals, estates, local governmental entities, and non-profit organizations in Virginia. The company's deposit products include checking, savings, money market, and individual retirement accounts, as well as certificates of deposit and treasury management solutions.