STRASBURG, VA—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 in a transaction dated May 8, 2025. The purchase comes as the stock trades near $19.60, down about 11% over the past six months, according to InvestingPro data. The shares were purchased at a price of $19.60 each, amounting to a total transaction value of $19,600. This acquisition increases Schwartz’s direct ownership of First National Corp to 2,000 shares. The $176 million market cap company maintains a solid dividend track record, having raised its dividend for 11 consecutive years, with a current yield of 3.15%.
The transaction was filed with the Securities and Exchange Commission and signed by Christopher L. Sugg under power of attorney on May 9, 2025. For deeper insights into insider trading patterns and additional analysis tools, investors can access more exclusive features on InvestingPro.
In other recent news, First National Corporation announced the appointment of Brad E. Schwartz as Executive Vice President and Chief Financial Officer, effective March 31, 2025. Schwartz brings over four decades of experience in Virginia banking, having held significant leadership roles, including President and COO of TowneBank (NASDAQ:TOWN). This executive transition is expected to enhance First National’s strategic leadership, particularly in financial planning and investor relations. Additionally, First National Corporation declared a quarterly cash dividend of $0.155 per common share, payable on March 14, 2025, to shareholders of record as of February 28, 2025. This announcement aligns with the company’s consistent practice of returning value to its shareholders and indicates confidence in its financial health. The dividend declaration was filed with the SEC, providing transparency to shareholders and the public. These recent developments highlight First National Corporation’s ongoing commitment to growth and shareholder value.
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