First National Corp/VA (NASDAQ: FXNC) has reported E.P.S. of $0.39 for its second fiscal quarter (ending June 30) versus $0.56 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $1.26 compared to $2.64 a year ago.
Recent Price Action
First National Corp/VA (NASDAQ: FXNC) stock closed at $17.82 on 7/31/24 after an increase of 1.2%. This advance was accompanied by normal trading volume. The stock has risen 7.7% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
FXNC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
First National has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. First National has a neutral Appreciation Score of 60 and a slightly negative Power Rating of 36, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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