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

First National Corp. (NASDAQ:FXNC) announced a quarterly dividend on Wednesday, February 11th. Stockholders of record on Friday, February 27th will be given a dividend of 0.17 per share on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, February 27th.

First National has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 10 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 Trading Down 0.3%

Shares of First National stock opened at $26.63 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a 50-day moving average of $26.30 and a 200-day moving average of $24.35. First National has a 52-week low of $18.26 and a 52-week high of $28.89. The stock has a market cap of $239.94 million, a PE ratio of 13.52 and a beta of 0.50.

First National (NASDAQ:FXNC) last released its quarterly earnings results on Thursday, January 29th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $23.97 million for the quarter, compared to analyst estimates of $22.60 million. First National had a net margin of 15.19% and a return on equity of 11.01%. As a group, sell-side analysts forecast that First National will post 2.25 EPS for the current year.

About First National

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.