FIRST NATL CORP VA FXNC
COM · Common Stock · CUSIP 32106V107
- SectorFinancials
- IndustryState Commercial Banks
- HeadquartersStrasburg, VA
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Shares outstanding: 6.2m as of 2023-08-08, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $16.47.
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 27 |
| Q4 2022 | 29 |
| Q1 2023 | 27 |
| Q2 2023 | 26 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 11 | 10 |
| Q1 2023 | 4 | 11 |
| Q2 2023 | 11 | 6 |
Biggest buyers
| Coppell Advisory Solutions LLC | Added | +122.7k |
| COMMONWEALTH EQUITY SERVICES, LLC | New | +17.9k |
| Fourthstone LLC | Added | +12.5k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +6.9k |
| Cutler Capital Management, LLC | Added | +3.5k |
| BlackRock Inc. | Added | +869 |
| MORGAN STANLEY | Added | +668 |
| Tower Research Capital LLC (TRC) | Added | +447 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | Added | +310 |
| IFP Advisors, Inc | New | +202 |
Biggest sellers
| BHZ CAPITAL MANAGEMENT, LP | Sold out | -24.7k |
| Graves Light Lenhart Wealth, Inc. | Reduced | -12.0k |
| WELLS FARGO & COMPANY/MN | Reduced | -3.3k |
| UBS Group AG | Sold out | -674 |
| Bank of New York Mellon Corp | Reduced | -296 |
| River Oaks Capital LLC | Reduced | -99 |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution new · filed 2026-07-28 | 5.6% |
Fell to 5% or below in the last year: Fourthstone LLC (0.0%, 2026-08-14)
Insider purchases and sales in Q2 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 2 | $3.5k | 1 | $49.4k | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 1 | $94.4k | 0 | — | — |
| Q3 2022 | 3 | $64.9k | 0 | — | — |
| Q4 2022 | 0 | — | 1 | $85.2k | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 5 | $647.5k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-06-30 | Holt George Edwin III Director | Bought | $8.3k502 shares |
| 2023-06-29 | Holt George Edwin III Director | Bought | $40.5k2.4k shares |
| 2023-06-29 | Smith Gerald F JR Director · By The Smith 2012 GST Trust uad 12/03/2012 | Bought | $1.9k115 shares |
| 2023-06-23 | Smith Gerald F JR Director · By The Smith 2012 Spousal Trust uad 12/03/2012 | Bought | $986 shares |
| 2023-06-16 | Smith Gerald F JR Director · By The Smith 2012 GST Trust uad 12/03/2012 | Bought | $14.3k899 shares |
| 2023-06-12 | Smith Gerald F JR Director · By The Smith 2012 Spousal Trust uad 12/03/2012 | Bought | $15.9k1.0k shares |
| 2023-06-12 | Smith Gerald F JR Director · By The Smith 2012 GST Trust uad 12/03/2012 | Bought | $15.5k1.0k shares |
| 2023-06-09 | Smith Gerald F JR Director · By G. F. Smith Jr. Revocable Trust | Bought | $18.8k1.2k shares |
| 2023-06-09 | Smith Gerald F JR Director · By The Smith 2012 GST Trust uad 12/03/2012 | Bought | $11.7k750 shares |
| 2023-06-09 | Smith Gerald F JR Director · By The Smith 2012 Spousal Trust uad 12/03/2012 | Bought | $1.1k71 shares |
| 2023-06-08 | Smith Gerald F JR Director · By G. F. Smith Jr. Revocable Trust | Bought | $17.2k1.1k shares |
| 2023-06-07 | Smith Gerald F JR Director · By The Smith 2012 Spousal Trust uad 12/03/2012 | Bought | $15.9k1.0k shares |
| 2023-06-07 | Smith Gerald F JR Director · By G. F. Smith Jr. Revocable Trust | Bought | $14.8k935 shares |
| 2023-06-06 | Smith Gerald F JR Director · By The Smith 2012 GST Trust uad 12/03/2012 | Bought | $12.5k785 shares |
| 2023-06-05 | Smith Gerald F JR Director · By The Smith 2012 GST Trust uad 12/03/2012 | Bought | $1.7k110 shares |
| 2023-06-02 | Smith Gerald F JR Director · By G. F. Smith Jr. Revocable Trust | Bought | $5.7k365 shares |
| 2023-06-02 | Smith Gerald F JR Director · By The Smith 2012 GST Trust uad 12/03/2012 | Bought | $1.6k105 shares |
| 2023-05-31 | Smith Gerald F JR Director · By G. F. Smith Jr. Revocable Trust | Bought | $16.8k1.1k shares |
| 2023-05-31 | Smith Gerald F JR Director · By The Smith 2012 Spousal Trust uad 12/03/2012 | Bought | $15.2k1.0k shares |
| 2023-05-31 | Smith Gerald F JR Director · By The Smith 2012 GST Trust uad 12/03/2012 | Bought | $15.1k1.0k shares |
| 2023-05-24 | Smith Gerald F JR Director · By The Smith 2012 GST Trust uad 12/03/2012 | Bought | $16.7k1.1k shares |
| 2023-05-24 | Smith Gerald F JR Director · By G. F. Smith Jr. Revocable Trust | Bought | $13.4k876 shares |
| 2023-05-24 | Smith Gerald F JR Director · By The Smith 2012 Spousal Trust uad 12/03/2012 | Bought | $9.2k600 shares |
| 2023-05-23 | Smith Gerald F JR Director · By G. F. Smith Jr. Revocable Trust | Bought | $21214 shares |
| 2023-05-22 | WILKINS III JAMES R Director · By GSW Holdings, LLC | Bought | $14.7k1.0k shares |
| 2023-05-22 | WILKINS III JAMES R Director · By LTW Holdings, LLC | Bought | $14.7k1.0k shares |
| 2023-05-22 | WILKINS III JAMES R Director · By JRWIV Holdings, LLC | Bought | $14.1k961 shares |
| 2023-05-22 | Smith Gerald F JR Director · By The Smith 2012 Spousal Trust uad 12/03/2012 | Bought | $13.4k900 shares |
| 2023-05-22 | WILKINS III JAMES R Director · By IBW Holdings, LLC | Bought | $29320 shares |
| 2023-05-22 | Smith Gerald F JR Director · By G. F. Smith Jr. Revocable Trust | Bought | $14610 shares |
The latest 30 of 53 trades.
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| Fourthstone LLC 2.74% of their portfolio | 624.4k $10.3m | Added +12.5k |
| Siena Capital Partners GP, LLC 1.82% of their portfolio | 316.3k $5.2m | Unchanged |
| Petiole USA ltd 5.04% of their portfolio | 311.4k $5.1m | Unchanged |
| BANC FUNDS CO LLC 0.43% of their portfolio | 223.1k $3.7m | Unchanged |
| Cutler Capital Management, LLC 1.56% of their portfolio | 200.5k $3.3m | Added +3.5k |
| Coppell Advisory Solutions LLC 0.66% of their portfolio | 150.5k $2.3m | Added +122.7k |
| VANGUARD GROUP INC 0.00% of their portfolio | 66.4k $1.1m | Unchanged |
| Graves Light Lenhart Wealth, Inc. 0.15% of their portfolio | 65.6k $1.1m | Reduced -12.0k |
| River Oaks Capital LLC 1.21% of their portfolio | 48.1k $794.4k | Reduced -99 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 43.1k $716.5k | Added +310 |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 38.4k $637.6k | Added +6.9k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 19.5k $322.0k | Unchanged |
| RFG Advisory, LLC 0.01% of their portfolio | 19.0k $314.3k | Unchanged |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 17.9k $295.0k | New |
| BlackRock Inc. 0.00% of their portfolio | 17.5k $289.9k | Added +869 |
| Bank of New York Mellon Corp 0.00% of their portfolio | 16.8k $277.6k | Reduced -296 |
| GRACE & WHITE INC /NY 0.04% of their portfolio | 14.6k $241.1k | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 11.5k $191.1k | Unchanged |
| CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.00% of their portfolio | 2.2k $36.5k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 996 $16.5k | Added +447 |
| MORGAN STANLEY 0.00% of their portfolio | 768 $12.7k | Added +668 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 738 $12.2k | Reduced -3.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 392 $6.0k | Added +118 |
| IFP Advisors, Inc 0.00% of their portfolio | 202 $3.7k | New |
| THOMPSON SIEGEL & WALMSLEY LLC 0.00% of their portfolio | 100 $2.0k | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |