First National Corp. (FXNC) To Go Ex-Dividend on February 27th

First National Corp. (NASDAQ:FXNC) announced a quarterly dividend on Wednesday, February 11th. Shareholders of record on Friday, February 27th will be paid a dividend of 0.17 per share on Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, February 27th.

First National has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 10 consecutive years. First National has a dividend payout ratio of 29.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect First National to earn $2.40 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 28.3%.

First National Price Performance

Shares of NASDAQ:FXNC traded up $0.56 on Friday, reaching $28.21. 127,958 shares of the company traded hands, compared to its average volume of 47,792. The stock has a market capitalization of $254.17 million, a PE ratio of 14.32 and a beta of 0.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.89 and a quick ratio of 0.89. The company’s 50 day moving average is $25.95 and its 200-day moving average is $23.96. First National has a fifty-two week low of $18.26 and a fifty-two week high of $28.89.

First National (NASDAQ:FXNC) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. First National had a return on equity of 11.01% and a net margin of 15.19%.The firm had revenue of $23.97 million for the quarter, compared to the consensus estimate of $22.60 million. As a group, analysts anticipate that First National will post 2.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of First National in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, First National currently has a consensus rating of “Hold”.

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. Its loan products comprise construction loans, including residential, land acquisition, and development loans; 1-4 family residential real estate loans; and commercial real estate loans that are secured by commercial real estate, including multi-family residential buildings, office and retail buildings, hotels, industrial buildings, and religious facilities.