Janney downgraded First National from Buy to Neutral
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/4/2024 | Buy → Neutral | Janney | |
| 10/8/2024 | $22.00 | Outperform | Hovde Group |
| 8/1/2024 | $21.00 | Neutral → Buy | Janney |
| 9/12/2023 | $19.00 | Buy → Neutral | Janney |
| 11/16/2022 | $21.50 | Buy | Janney |
STRASBURG, Va. and PRINCE GEORGE, Va., March 26, 2024 (GLOBE NEWSWIRE) -- First National Corporation ("First National") (NASDAQ:FXNC) and Touchstone Bankshares, Inc. ("Touchstone") (OTCPK: TSBA) announced today they have entered into a definitive merger agreement for First National to acquire Touchstone in an all-stock transaction. The combined company will bring together two community banks with a deep commitment to the customers and communities they have each served since the early 1900s. Total assets are expected to be approximately $2.1 billion, with $1.5 billion in loans, $1.8 billion in deposits, thirty branch offices across Virginia and two branches in North Carolina. The resulting
SC 13D/A - FIRST NATIONAL CORP /VA/ (0000719402) (Subject)
SC 13G/A - FIRST NATIONAL CORP /VA/ (0000719402) (Subject)
SC 13G - FIRST NATIONAL CORP /VA/ (0000719402) (Subject)
8-K - FIRST NATIONAL CORP /VA/ (0000719402) (Filer)
8-K - FIRST NATIONAL CORP /VA/ (0000719402) (Filer)
10-Q - FIRST NATIONAL CORP /VA/ (0000719402) (Filer)
4 - FIRST NATIONAL CORP /VA/ (0000719402) (Issuer)
4 - FIRST NATIONAL CORP /VA/ (0000719402) (Issuer)
4 - FIRST NATIONAL CORP /VA/ (0000719402) (Issuer)
4 - FIRST NATIONAL CORP /VA/ (0000719402) (Issuer)
4 - FIRST NATIONAL CORP /VA/ (0000719402) (Issuer)
4 - FIRST NATIONAL CORP /VA/ (0000719402) (Issuer)
STRASBURG, Va., Nov. 15, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of First National Corporation (the "Company") (NASDAQ:FXNC) declared a quarterly cash dividend of $0.155 per share on November 13, 2024, a 3% increase compared to the quarterly dividend paid on September 13, 2024. This is the tenth consecutive year the Company has increased its dividend to shareholders. The dividend is payable on December 13, 2024, to shareholders of record as of November 29, 2024. ABOUT FIRST NATIONAL CORPORATION First National Corporation (NASDAQ:FXNC) is the parent company and bank holding company of First Bank (the "Bank"), a community bank that first opened for business in 1907 in Strasburg, Vi
STRASBURG, Va., Nov. 01, 2024 (GLOBE NEWSWIRE) -- First National Corporation (the "Company" or "First National") (NASDAQ:FXNC), reported unaudited consolidated net income of $2.2 million and basic and diluted earnings per common share of $0.36 for the third quarter of 2024 and adjusted net income(1) of $2.4 million and adjusted basic and diluted earnings per common share(1) of $0.39. (Dollars in thousands, except earnings per share) Three Months Ended Sept 30, 2024 Jun 30, 2024 Sept 30, 2023 Net income $2,248 $2,442 $3,121 Basic and diluted earnings per share $0.36 $0.39 $0.50 Return on average assets 0.62% 0.68% 0.91%Return on average equity 7.28% 8.31% 10.96% N
STRASBURG, Va., Oct. 01, 2024 (GLOBE NEWSWIRE) -- First National Corporation (NASDAQ:FXNC) (the "Company" or "First National"), the one-bank holding company of First Bank, announced today that it has completed the acquisition by merger of Touchstone Bankshares, Inc. ("Touchstone") effective October 1, 2024 (the "Merger"). Immediately following the Merger, Touchstone Bank, the wholly owned subsidiary of Touchstone Bankshares, Inc., was merged with and into First Bank. Pursuant to the previously announced terms of the Merger, each outstanding share of Touchstone Bankshares, Inc. common stock and preferred stock (on an as-converted, one-for-one basis, which shares of preferred stock converted
STRASBURG, Va., Nov. 15, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of First National Corporation (the "Company") (NASDAQ:FXNC) declared a quarterly cash dividend of $0.155 per share on November 13, 2024, a 3% increase compared to the quarterly dividend paid on September 13, 2024. This is the tenth consecutive year the Company has increased its dividend to shareholders. The dividend is payable on December 13, 2024, to shareholders of record as of November 29, 2024. ABOUT FIRST NATIONAL CORPORATION First National Corporation (NASDAQ:FXNC) is the parent company and bank holding company of First Bank (the "Bank"), a community bank that first opened for business in 1907 in Strasburg, Vi
STRASBURG, Va., Nov. 01, 2024 (GLOBE NEWSWIRE) -- First National Corporation (the "Company" or "First National") (NASDAQ:FXNC), reported unaudited consolidated net income of $2.2 million and basic and diluted earnings per common share of $0.36 for the third quarter of 2024 and adjusted net income(1) of $2.4 million and adjusted basic and diluted earnings per common share(1) of $0.39. (Dollars in thousands, except earnings per share) Three Months Ended Sept 30, 2024 Jun 30, 2024 Sept 30, 2023 Net income $2,248 $2,442 $3,121 Basic and diluted earnings per share $0.36 $0.39 $0.50 Return on average assets 0.62% 0.68% 0.91%Return on average equity 7.28% 8.31% 10.96% N
PRINCE GEORGE, Va., Sept. 19, 2024 /PRNewswire/ -- Touchstone Bankshares, Inc. (the "Company") (OTC:TSBA) announced today that its Board of Directors has declared a pro rata annual cash dividend in anticipation of its previously announced merger (the "Merger") with First National Corporation ("First National") (NASDAQ:FXNC). The pro rata annual cash dividend will be $0.16 per share of the Company's common and preferred stock and is payable on September 27, 2024 to the shareholders of record as of September 20, 2024. The amount of the dividend is equal to the pro rata portion o
Janney downgraded First National from Buy to Neutral
Hovde Group initiated coverage of First National with a rating of Outperform and set a new price target of $22.00
Janney upgraded First National from Neutral to Buy and set a new price target of $21.00