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First National
(NASDAQ:FXNC)
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Rating:66Neutral
Price Target:
$32.00
â–²(25.20% Upside)
Action:Reiterated
Date:05/14/26
Overall score reflects solid financial performance and reasonable valuation, offset by weak near-term technical momentum (price below key moving averages, negative MACD, low RSI). A positive corporate update (leadership continuity and dividend declaration) modestly supports the outlook.
Positive Factors
Revenue & Margin Rebound
A large TTM revenue rebound with materially stronger net and EBIT margins improves recurring net interest income and fee contribution. Sustained higher margins boost internal capital generation, enabling loan growth and reinvestment without relying heavily on external funding.
Negative Factors
Earnings Quality Volatility
Documented volatility and weaker prior-year margins reduce earnings predictability, complicating capital planning and dividend reliability. For a regional bank, fluctuating margins increase vulnerability to cyclical credit or funding shocks and may limit sustained compounding.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Rebound
A large TTM revenue rebound with materially stronger net and EBIT margins improves recurring net interest income and fee contribution. Sustained higher margins boost internal capital generation, enabling loan growth and reinvestment without relying heavily on external funding.
Read all positive factors
First National (FXNC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$276.11M
Dividend Yield2.49%
Average Volume (3M)17.30K
Price to Earnings (P/E)12.9
Beta (1Y)0.64
Revenue Growth16.73%
EPS Growth184.08%
CountryUS
Employees303
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.33
Shares Outstanding9,040,967
10 Day Avg. Volume18,705
30 Day Avg. Volume17,295
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)1.22
Price to Sales (P/S)2.02
P/FCF Ratio10.81
Enterprise Value/Market Cap0.43
Enterprise Value/Revenue1.01
Enterprise Value/Gross Profit1.33
Enterprise Value/Ebitda3.83
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.36
Revenue Forecast (FY)$94.90M
First National Business Overview & Revenue Model
Company Description
First National Corporation serves as the holding company for First Bank, which offers a diverse array of financial solutions and commercial banking services. It caters to a broad clientele across Virginia, including individuals, small and medium-s...
How the Company Makes Money
FXNC primarily makes money through its banking subsidiary by earning net interest income and generating noninterest income. Net interest income is the core driver: the bank collects interest and fees on loans and other interest-earning assets (e.g...
First National Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 116.27M | 112.20M | 88.27M | 67.88M | 60.67M | 46.17M |
| Gross Profit | 88.43M | 83.07M | 56.55M | 47.42M | 55.01M | 44.52M |
| EBITDA | 30.69M | 26.47M | 10.45M | 13.42M | 22.26M | 14.35M |
| Net Income | 20.99M | 17.70M | 6.97M | 9.62M | 16.80M | 10.36M |
Balance Sheet | ||||||
| Total Assets | 2.08B | 2.04B | 2.01B | 1.42B | 1.37B | 1.39B |
| Cash, Cash Equivalents and Short-Term Investments | 201.05M | 177.80M | 164.50M | 240.02M | 229.82M | 465.50M |
| Total Debt | 42.66M | 42.59M | 30.45M | 64.28M | 14.27M | 19.27M |
| Total Liabilities | 1.89B | 1.85B | 1.84B | 1.30B | 1.26B | 1.27B |
| Stockholders Equity | 188.56M | 186.20M | 166.53M | 116.27M | 108.36M | 117.04M |
Cash Flow | ||||||
| Free Cash Flow | 23.88M | 21.01M | -25.50M | 14.52M | 25.59M | 7.03M |
| Operating Cash Flow | 28.07M | 25.19M | -22.20M | 16.39M | 26.77M | 7.87M |
| Investing Cash Flow | -64.34M | -29.41M | 136.83M | -34.34M | -120.14M | -126.30M |
| Financing Cash Flow | 18.05M | 2.26M | -38.91M | 38.20M | -15.72M | 167.15M |
First National Technical Analysis
Positive
25.56
Price Trends
28.21
Positive
27.60
Positive
25.65
Positive
Market Momentum
0.60
Negative
67.65
Neutral
62.23
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FXNC, the sentiment is Positive. The current price of 25.56 is below the 20-day moving average (MA) of 29.18, below the 50-day MA of 28.21, and below the 200-day MA of 25.65, indicating a bullish trend. The MACD of 0.60 indicates Negative momentum. The RSI at 67.65 is Neutral, neither overbought nor oversold. The STOCH value of 62.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FXNC.
First National Risk Analysis
First National disclosed 49 risk factors in its most recent earnings report. First National reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
First National Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $284.00M | 11.96 | 14.13% | 2.51% | 13.96% | 104.63% | |
73 Outperform | $246.83M | 11.95 | 11.15% | 3.41% | -0.10% | 12.01% | |
71 Outperform | $223.31M | 11.66 | 10.17% | 3.11% | 21.54% | 69.28% | |
70 Outperform | $229.22M | 8.19 | 12.20% | 3.32% | 7.88% | 29.20% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $276.11M | 12.89 | 11.51% | 2.49% | 16.73% | 184.08% | |
66 Neutral | $263.84M | 10.95 | 8.48% | 5.32% | -2.49% | 41.73% |
* Financial Sector Average
FXNC
First National
30.03
11.06
58.29%
LCNB
LCNB
17.74
3.97
28.83%
OPBK
OP Bancorp
14.98
2.45
19.59%
FRAF
Franklin Financial Services
64.00
30.35
90.18%
EFSI
Eagle Financial Services
41.06
11.48
38.79%
VABK
Virginia National Bankshares
44.35
8.64
24.18%
First National Corporate Events
Executive/Board ChangesDividendsShareholder Meetings
First National Announces Leadership Transition and Dividend Declaration
Positive
May 14, 2026
At its Annual Meeting of Shareholders on May 13, 2026, First National Corporation’s investors elected all twelve director nominees and ratified the appointment of Yount, Hyde Barbour, P.C. as the independent registered public accounting fir...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
First National Shares Updated Outlook at Annual Meeting
Neutral
May 13, 2026
During its Annual Meeting of Shareholders on May 13, 2026, First National’s management presented financial and other corporate information, providing investors with an updated view of the company’s performance and operations. The mater...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.