First National Corp (NASDAQ: FXNC) reported an insider purchase on March 4, 2026, when Executive Vice President and Chief Financial Officer Brad E. Schwartz acquired 1,000 shares of the company's common stock.
The filing shows the purchase price was $26.91 per share, representing a total outlay of $26,910. At the time of reporting, the stock was trading near $26.76 per share.
Valuation and income metrics noted
InvestingPro’s published Fair Value for First National is $30.26, placing the market price cited in the filing below that estimate and, as InvestingPro frames it, suggesting the company may be undervalued. Additional metrics highlighted alongside the transaction include a price-to-earnings ratio of 13.7 and a dividend yield of 2.54%.
InvestingPro Tips referenced in the filing also note that First National has increased its dividend for 12 consecutive years. The original note indicates more guidance is available to subscribers, with six additional tips accessible through the InvestingPro service.
Context within the report
The transaction was recorded as a standard insider purchase disclosure. The details — number of shares, per-share price, total value and the reported market trading level — are provided in the filing and summarized above.
No forecasts, management commentary or additional insider transactions were included in the filing that was summarized for this notice. Where supplemental information was referenced, such as InvestingPro’s fair value estimate and subscriber tips, those items were presented as part of the accompanying data points in the original report.
What this means for investors
The filing provides factual data about an insider purchase and several valuation and dividend metrics. Readers should note the specific figures provided: the purchase price of $26.91, the market trading level near $26.76, InvestingPro’s Fair Value of $30.26, a P/E of 13.7 and a 2.54% dividend yield, along with the 12-year consecutive dividend increase noted by InvestingPro Tips.