Recent exceptional positive changes in investment behavior have benefitted FNCB Bancorp Inc (NASDAQ: FNCB): its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, FNCB is expected to continue to be a modest Value Builder.
FNCB Bancorp has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. FNCB Bancorp has a good Appreciation Score of 74 but a slightly negative Power Rating of 34, triggering the Neutral Value Trend Rating.
Recent Price Action
FNCB Bancorp Inc (NASDAQ: FNCB) stock enjoyed a large increase of 2.7% on 6/17/24. The stock closed at $6.02. Moreover, trading volume in this advance was exceptionally high at 736% of normal. Relative to the market the stock has been weak over the last nine months but has risen 8.7% during the last week.
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