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Brad E. Schwartz, Executive Vice President and Chief Financial Officer of First National Corp (NASDAQ:FXNC), recently acquired 1,000 shares of the company’s common stock. The transaction, which occurred on June 2, 2025, was valued at $20,200, with each share purchased at a price of $20.20 - slightly above the current trading price of $19.92. Following this acquisition, Schwartz now holds a total of 3,000 shares directly in the $180 million market cap company. The purchase comes as the stock has declined 18% over the past six months, while offering a 3.07% dividend yield. According to InvestingPro analysis, FXNC is currently trading above its Fair Value, with 8 additional real-time insights available to subscribers.
In other recent news, First National Corporation reported the outcomes of its Annual Meeting of Shareholders, where shareholders elected thirteen directors for a one-year term. The appointment of Yount, Hyde & Barbour, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2025, received overwhelming approval. Shareholders also approved an advisory vote on executive compensation and supported a three-year frequency for future advisory votes on this matter. Additionally, First National Corporation announced a quarterly cash dividend of $0.155 per common share, payable on June 13, 2025. In executive news, Brad E. Schwartz was appointed as Executive Vice President and Chief Financial Officer, effective March 31, 2025. Schwartz brings over four decades of banking experience in Virginia, including roles at TowneBank (NASDAQ:TOWN) and Monarch Bank. His expertise is expected to enhance First National’s strategic leadership in financial planning and investor relations. CEO Scott C. Harvard expressed enthusiasm about Schwartz’s addition, citing his leadership and merger experience as valuable assets.
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