First National (Nasdaq:FXNC) - Stock Price, News & Analysis

FXNC Stock Overview

FXNC fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	2/6
Financial Health	6/6
Dividends	5/6

Rewards

Trading at 59.5% below our estimate of its fair value

Earnings are forecast to grow 37.17% per year

Pays a reliable dividend of 3.89%

Risk Analysis

Profit margins (19.6%) are lower than last year (29.8%)

Does not have a meaningful market cap ($97M)

First National Corporation Competitors

First Ottawa Bancshares

OTCPK:FOTB

US$100.8m

Benchmark Bankshares

OTCPK:BMBN

US$98.0m

Eagle Financial Services

OTCPK:EFSI

US$99.4m

CBB Bancorp

OTCPK:CBBI

US$101.8m

Price History & Performance

Summary of all time highs, changes and price drops for First National
Historical stock prices
Current Share Price	US$15.41
52 Week High	US$21.75
52 Week Low	US$13.13
Beta	0.51
1 Month Change	-12.77%
3 Month Change	-27.50%
1 Year Change	3.74%
3 Year Change	-15.36%
5 Year Change	-30.76%
Change since IPO	193.43%

Recent updates

First National (NASDAQ:FXNC) Has Announced That It Will Be Increasing Its Dividend To US$0.14

May 17

First National's (NASDAQ:FXNC) Dividend Will Be Increased To US$0.14

Feb 15

First National goes ex-dividend tomorrow

May 26

Here's Why I Think First National (NASDAQ:FXNC) Is An Interesting Stock

May 04

First National reports Q1 results

Apr 30

Gerald Smith Is The Independent Vice Chairman & Secretary of the Board of First National Corporation (NASDAQ:FXNC) And They Just Picked Up 3.3% More Shares

Mar 21

How Does First National Corporation (NASDAQ:FXNC) Stand Up To These Simple Dividend Safety Checks?

Mar 12

Is First National's (NASDAQ:FXNC) Share Price Gain Of 100% Well Earned?

Feb 04

First National reports Q4 results

Jan 29

First National goes ex-dividend tomorrow

Dec 17

First National (NASDAQ:FXNC) Could Be A Buy For Its Upcoming Dividend

Dec 14

How Much Does First National's (NASDAQ:FXNC) CEO Make?

Nov 23

First National reports Q3 results

Oct 29

Shareholder Returns

	FXNC	US Banks	US Market
7D	2.7%	6.5%	1.2%
1Y	3.7%	34.0%	24.7%

Return vs Industry: FXNC underperformed the US Banks industry which returned 34% over the past year.

Return vs Market: FXNC underperformed the US Market which returned 24.7% over the past year.

Price Volatility

Is FXNC's price volatile compared to industry and market?
FXNC volatility
FXNC Average Weekly Movement	3.7%
Banks Industry Average Movement	4.5%
Market Average Movement	6.0%
10% most volatile stocks in US Market	16.6%
10% least volatile stocks in US Market	3.0%

Stable Share Price: FXNC's share price has been volatile over the past 3 months.

Volatility Over Time: FXNC's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1907	n/a	Scott Harvard	www.fbvirginia.com

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.

First National Corporation Fundamentals Summary

How do First National's earnings and revenue compare to its market cap?
FXNC fundamental statistics
Market cap	US$96.70m
Earnings (TTM)	US$9.62m
Revenue (TTM)	US$49.05m

10.0x

P/E Ratio

0.8x

P/B Ratio

Is FXNC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FXNC income statement (TTM)
Revenue	US$49.05m
Cost of Revenue	US$0
Gross Profit	US$49.05m
Other Expenses	US$39.42m
Earnings	US$9.62m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	1.53
Gross Margin	100.00%
Net Profit Margin	19.62%
Debt/Equity Ratio	55.3%

How did FXNC perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

39%

Payout Ratio

FXNC Stock Overview

Rewards

Risk Analysis

First National Corporation Competitors

OTCPK:FOTB

US$100.8m

OTCPK:BMBN

US$98.0m

OTCPK:EFSI

US$99.4m

OTCPK:CBBI

US$101.8m

Price History & Performance

Recent News & Updates

New minor risk - Market cap size

First National Corporation, Annual General Meeting, May 08, 2024

Price target decreased by 12% to US$18.50

First National Corporation (NasdaqCM:FXNC) entered into a definitive merger agreement to acquire Touchstone Bankshares, Inc. (OTCPK:TSBA) for $46.9 million.

First National Corporation (NasdaqCM:FXNC) entered into a definitive merger agreement to acquire Touchstone Bankshares, Inc. (OTCPK:TSBA) for $46.9 million.

First National Corporation (NasdaqCM:FXNC) entered into a definitive merger agreement to acquire Touchstone Bankshares, Inc. (OTCPK:TSBA) for $47.3 million.

Recent updates

New minor risk - Market cap size

First National Corporation, Annual General Meeting, May 08, 2024

Price target decreased by 12% to US$18.50

First National Corporation (NasdaqCM:FXNC) entered into a definitive merger agreement to acquire Touchstone Bankshares, Inc. (OTCPK:TSBA) for $46.9 million.

First National Corporation (NasdaqCM:FXNC) entered into a definitive merger agreement to acquire Touchstone Bankshares, Inc. (OTCPK:TSBA) for $46.9 million.

First National Corporation (NasdaqCM:FXNC) entered into a definitive merger agreement to acquire Touchstone Bankshares, Inc. (OTCPK:TSBA) for $47.3 million.

First National (NASDAQ:FXNC) Will Pay A Dividend Of $0.15

Fourth quarter dividend of US$0.15 announced

Full year 2023 earnings released: EPS: US$1.54 (vs US$2.69 in FY 2022)

Price target increased by 17% to US$21.00

First National Corporation Reports Net Charge Offs for the Fourth Quarter Ended December 31, 2023

Insufficient new directors

Upcoming dividend of US$0.15 per share at 3.2% yield

First National Corporation Declares Quarterly Cash Dividend, Payable on December 8, 2023

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: EPS: US$0.50 (vs US$0.71 in 3Q 2022)

First National Corporation Reports Net Charge-Offs for the Third Quarter Ended September 30, 2023

Investor sentiment deteriorates as stock falls 15%

Upcoming dividend of US$0.15 per share at 3.5% yield

First National (NASDAQ:FXNC) Is Due To Pay A Dividend Of $0.15

First National Corporation Announces Quarterly Cash Dividend, Payable on September 8, 2023

Second quarter 2023 earnings released: EPS: US$0.56 (vs US$0.61 in 2Q 2022)

Upcoming dividend of US$0.15 per share at 4.0% yield

First National (NASDAQ:FXNC) Is Due To Pay A Dividend Of $0.15

Full year 2022 earnings released: EPS: US$2.69 (vs US$1.87 in FY 2021)

First National's (NASDAQ:FXNC) Dividend Will Be Increased To $0.15

First National Corporation Announces Quarterly Cash Dividend, Payable on March 10, 2023

First National Corporation Announces Quarterly Cash Dividend, Payable on December 16, 2022

First National Corporation Reports Net Charge Offs for the Fourth Quarter Ended December 31, 2022

Full year 2022 earnings released: EPS: US$2.68 (vs US$1.87 in FY 2021)

First National Corporation Declares Quarterly Cash Dividend, Payable on December 16, 2022

Investor sentiment improved over the past week

First National Corporation Announces Unaudited Net Charge Offs for the Quarter Ended September 30, 2022

Third quarter 2022 earnings released: EPS: US$0.71 (vs US$0.39 in 3Q 2021)

First National goes ex-dividend tomorrow

First National Corporation Declares Quarterly Cash Dividend, Payable on September 9, 2022

Second quarter 2022 earnings released: EPS: US$0.61 (vs US$0.69 in 2Q 2021)

First National GAAP EPS of $0.61, revenue of $14.07M

Independent Director recently bought US$94k worth of stock

Upcoming dividend of US$0.14 per share

First National (NASDAQ:FXNC) Has Announced That It Will Be Increasing Its Dividend To US$0.14

First National Corporation Appoints Matt Paciocco as Senior Vice President and Regional Executive for Richmond, Virginia

First quarter 2022 earnings: EPS exceeds analyst expectations

First National Corporation, Annual General Meeting, May 11, 2022

Full year 2021 earnings: EPS misses analyst expectations

Upcoming dividend of US$0.14 per share

First National's (NASDAQ:FXNC) Dividend Will Be Increased To US$0.14

First National Corporation Declares Quarterly Cash Dividend, Payable on March 11, 2022

First National Corporation Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2021

Full year 2021 earnings: EPS misses analyst expectations

Third quarter 2021 earnings released: EPS US$0.39 (vs US$0.36 in 3Q 2020)

Insufficient new directors

Upcoming dividend of US$0.12 per share

Second quarter 2021 earnings released: EPS US$0.69 (vs US$0.46 in 2Q 2020)

First National Corporation (NasdaqCM:FXNC) completed the acquisition of The Bank of Fincastle (OTCPK : BFTL).

First National Corporation(NasdaqCM:FXNC) dropped from Russell Microcap Growth Index

First National goes ex-dividend tomorrow

Upcoming dividend of US$0.12 per share

First National Corporation Declares Quarterly Cash Dividend, Payable on June 11, 2021