Stock Rating Upgrade
During the last several trading days the Value Trend Rating for First National Corp/VA (NASDAQ: FXNC) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
First National Corp/VA (NASDAQ: FXNC) stock closed at $20.21 on 1/5/24 after a decline of -2.6%. Trading volume in this decline was normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -6.0% during the last week.
Current PriceTarget Research Rating
FXNC is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
First National 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 National has a neutral Appreciation Score of 54 but a very high Power Rating of 89, leading to the Positive Value Trend Rating.
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