Scott Harvard - First National CEO

FXNC Stock  USD 15.37  0.05  0.33%   

CEO

Mr. Scott C. Harvard is the President, Chief Executive Officer, Director of the Company and Bank. He served as President and Chief Executive Officer of the Company since May 2011 and has served as Chief Executive Officer of the Bank since June 2015. He had previously served as President and Chief Executive Officer of the Bank from May 2011 through May 2015. Prior to joining the Company, Mr. Harvard owned and operated Harvard Resources from 2009 to 2011, held the position of Executive Vice President of Hampton Roads Bankshares from 2008 to 2009 and held the position of President and Chief Executive Officer of Shore Financial Corporationrationration, and its whollyowned subsidiary, Shore Bank, from 1985 to 2008 since 2015.
Age 69
Tenure 9 years
Address 112 West King Street, Strasburg, VA, United States, 22657
Phone540 465 9121
Webhttps://www.fbvirginia.com
Harvard currently serves on the Boards of the Federal Home Loan Bank of Atlanta and CBB Financial Corporation His extensive knowledge of the banking industry and his experience in financial services qualify him for service on the Board.

Scott Harvard Latest Insider Activity

Tracking and analyzing the buying and selling activities of Scott Harvard against First National stock is an integral part of due diligence when investing in First National. Scott Harvard insider activity provides valuable insight into whether First National is net buyers or sellers over its current business cycle. Note, First National insiders must abide by specific rules, including filing SEC forms every time they buy or sell First National'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

First National Management Efficiency

At present, First National's Return On Assets are projected to increase slightly based on the last few years of reporting. The current year's Return On Equity is expected to grow to 0.11, whereas Return On Capital Employed is projected to grow to (0). At present, First National's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 42.5 M, whereas Net Tangible Assets are forecasted to decline to about 75.1 M. First National's management efficiency ratios could be used to measure how well First National manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 64.61 M in liabilities with Debt to Equity (D/E) ratio of 14.07, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Debt can assist First National until it has trouble settling it off, either with new capital or with free cash flow. So, First National's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like First National Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for First to invest in growth at high rates of return. When we think about First National's use of debt, we should always consider it together with cash and equity.
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 was founded in 1907 and is headquartered in Strasburg, Virginia. First Natl is traded on NASDAQ Exchange in the United States. First National Corp (FXNC) is traded on NASDAQ Exchange in USA. It is located in 112 West King Street, Strasburg, VA, United States, 22657 and employs 7 people. First National is listed under Regional Banks category by Fama And French industry classification.

Management Performance

First National Corp Leadership Team

Elected by the shareholders, the First National's board of directors comprises two types of representatives: First National inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First National's management team and ensure that shareholders' interests are well served. First National's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First National's outside directors are responsible for providing unbiased perspectives on the board's policies.
Dennis Dysart, President, COO and President of First Bank and COO of First Bank
Todd Ross, Market President
Gerald Smith, Independent Secretary
Matt Paciocco, Senior Richmond
Shane Bell, CFO, Executive VP, CFO of First Bank and Executive VP of First Bank
Paul Martin, Waynesboro, Staunton
Scott Harvard, CEO, Director, CEO of First Bank and Director of First Bank

First Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is First National a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards First National in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, First National's short interest history, or implied volatility extrapolated from First National options trading.

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When determining whether First National Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First National's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of First National Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First National Corp Stock:
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When running First National's price analysis, check to measure First National's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First National is operating at the current time. Most of First National's value examination focuses on studying past and present price action to predict the probability of First National's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First National's price. Additionally, you may evaluate how the addition of First National to your portfolios can decrease your overall portfolio volatility.
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Is First National's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First National. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First National listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.30)
Dividend Share
0.6
Earnings Share
1.53
Revenue Per Share
7.828
Quarterly Revenue Growth
(0.47)
The market value of First National Corp is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First National's value that differs from its market value or its book value, called intrinsic value, which is First National's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First National's market value can be influenced by many factors that don't directly affect First National's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First National's value and its price as these two are different measures arrived at by different means. Investors typically determine if First National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First National's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.