Barclays PLC Makes New $36,000 Investment in First National Co. (NASDAQ:FXNC)

Barclays PLC purchased a new stake in shares of First National Co. (NASDAQ:FXNC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,572 shares of the company’s stock, valued at approximately $36,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Empowered Funds LLC grew its stake in First National by 4.4% in the fourth quarter. Empowered Funds LLC now owns 14,130 shares of the company’s stock valued at $325,000 after purchasing an additional 600 shares in the last quarter. PL Capital Advisors LLC bought a new stake in shares of First National in the 4th quarter valued at approximately $78,000. Salzhauer Michael acquired a new position in First National in the fourth quarter worth approximately $202,000. DAVENPORT & Co LLC acquired a new position in First National in the fourth quarter worth approximately $678,000. Finally, Geode Capital Management LLC raised its position in First National by 71.6% during the fourth quarter. Geode Capital Management LLC now owns 86,491 shares of the company’s stock valued at $1,991,000 after acquiring an additional 36,090 shares in the last quarter. 33.92% of the stock is currently owned by hedge funds and other institutional investors.

First National Price Performance

NASDAQ FXNC opened at $20.98 on Friday. First National Co. has a fifty-two week low of $14.75 and a fifty-two week high of $26.97. The stock’s 50-day moving average is $20.61 and its two-hundred day moving average is $22.89. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $188.55 million, a P/E ratio of 18.09 and a beta of 0.47.

Analyst Upgrades and Downgrades

Separately, Hovde Group lowered shares of First National from an “outperform” rating to a “market perform” rating and set a $28.50 price target on the stock. in a research note on Tuesday, February 11th.

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.