Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for First Community Bancshares Inc (NASDAQ: FCBC) improved in the last week. FCBC’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 4/8/24, First Community Bancshares Inc (NASDAQ: FCBC) stock rose modestly by 0.4%, closing at $32.90. However, this advance was accompanied by exceptionally low trading volume at 44% of normal. Relative to the market the stock has been strong over the last nine months but has declined -5.0% during the last week.
Current PriceTarget Research Rating
FCBC is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
First Community Bancshares has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. First Community Bancshares has a neutral Appreciation Score of 56 but a good Power Rating of 70, producing the Positive Value Trend Rating.
Be the first to comment