Alert: Positive Investment/Fundamental Signals (12/8/23)-FNCB Bancorp Inc (NASDAQ: FNCB)


FNCB Bancorp Inc (NASDAQ: FNCB) has recently enjoyed extremely meaningful positive changes in investment behavior: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.

Marginal positive changes in fundamentals have recently occurred for FNCB Bancorp Inc (NASDAQ: FNCB): significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to 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 be above the cost of capital, FNCB is expected to continue to be an important Value Builder.

FNCB Bancorp has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. FNCB Bancorp has a neutral Power Rating of 59 but a good Appreciation Score of 73, with the Positive Value Trend Rating the result.

Recent Price Action

FNCB Bancorp Inc (NASDAQ: FNCB) stock closed at $6.37 on 12/8/23 after a modest gain of 1.0%. However, this advance was accompanied by exceptionally low trading volume at 26% of normal. The stock has risen 6.5% during the last week and has been strong relative to the market over the last nine months.

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