First National Corp/VA (NASDAQ: FXNC) has reported E.P.S. of $0.51 for its first fiscal quarter (ending March 31) versus $0.61 for the same period a year ago — a decline of -16%. For the latest four quarters through March 31, E.P.S. were $1.43 compared to $2.69 a year ago — a decline of -47%.
Recent Price Action
First National Corp/VA (NASDAQ: FXNC) stock declined slightly by -0.1% on 4/30/24. The stock closed at $14.76. However, trading volume in this decline was below average at 73% of normal. The stock has been weak relative to the market over the last nine months and has declined -1.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, FXNC is expected to continue to be a Value Builder.
First National has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. First National has a neutral Power Rating of 54 and a slightly positive Appreciation Score of 64, producing the High 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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