Alert: Positive Investment/Fundamental Signals (11/14/23)-First National Corp/VA (NASDAQ: FXNC)


Extremely significant positive changes in First National Corp/VA (NASDAQ: FXNC) investment behavior have recently occurred: the stock rose on very heavy volume, and positive upside/downside volume developed.

First National Corp/VA (NASDAQ: FXNC). Important positive changes in fundamentals have recently occurred: the consensus estimate for December, 2024 increased significantly, and the stock’s power rating rose above 70.

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

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 C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. First National has a neutral Appreciation Score of 41 but a good Power Rating of 77, leading to the High Neutral Value Trend Rating.

Recent Price Action

First National Corp/VA (NASDAQ: FXNC) stock increased 1.4% on 11/14/23. The shares closed at $19.00. The stock has risen 0.8% during the last week and has been exceptionally strong relative to the market over the last nine months.

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