Devin Satz Sells 5,000 Shares of Fvcbankcorp, Inc. (NASDAQ:FVCB) Stock

Key Points

• Devin Satz, a director of Fvcbankcorp, sold 5,000 shares of the company on August 12th, reducing his ownership by 3.14% and bringing his total shares to 154,173.
• Fvcbankcorp recently declared a quarterly dividend of $0.06 per share, which is to be paid on August 18th, with a dividend yield of 1.8%.
• Analysts at Piper Sandler have upgraded Fvcbankcorp to an "overweight" rating, setting a new target price of $16.00 for the stock.

Fvcbankcorp, Inc. (NASDAQ:FVCB - Get Free Report) Director Devin Satz sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $12.84, for a total value of $64,200.00. Following the transaction, the director directly owned 154,173 shares in the company, valued at $1,979,581.32. This trade represents a 3.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Fvcbankcorp Trading Down 0.3%

Shares of FVCB traded down $0.04 during mid-day trading on Thursday, hitting $13.12. 18,970 shares of the company's stock traded hands, compared to its average volume of 36,050. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.08. Fvcbankcorp, Inc. has a 1 year low of $9.49 and a 1 year high of $14.50. The firm has a market capitalization of $236.06 million, a P/E ratio of 11.93 and a beta of 0.39. The business's 50-day moving average price is $12.44 and its 200-day moving average price is $11.59.

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.02. Fvcbankcorp had a return on equity of 8.70% and a net margin of 17.08%. The company had revenue of $16.77 million for the quarter, compared to analyst estimates of $16.18 million. As a group, sell-side analysts forecast that Fvcbankcorp, Inc. will post 1.06 EPS for the current fiscal year.

Fvcbankcorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, July 28th will be given a dividend of $0.06 per share. The ex-dividend date is Monday, July 28th. This represents a $0.24 annualized dividend and a dividend yield of 1.8%. Fvcbankcorp's payout ratio is currently 21.82%.

Institutional Investors Weigh In On Fvcbankcorp

Hedge funds have recently made changes to their positions in the company. Fourthstone LLC boosted its holdings in Fvcbankcorp by 258.4% in the second quarter. Fourthstone LLC now owns 734,650 shares of the company's stock worth $8,669,000 after acquiring an additional 529,675 shares in the last quarter. Rhino Investment Partners Inc boosted its holdings in Fvcbankcorp by 2,310.7% in the fourth quarter. Rhino Investment Partners Inc now owns 219,205 shares of the company's stock worth $2,755,000 after acquiring an additional 210,112 shares in the last quarter. Modera Wealth Management LLC bought a new stake in Fvcbankcorp in the first quarter worth $831,000. Westbourne Investments Inc. bought a new stake in Fvcbankcorp in the fourth quarter worth $926,000. Finally, Nuveen LLC bought a new stake in Fvcbankcorp in the first quarter worth $480,000. 43.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Piper Sandler raised Fvcbankcorp to an "overweight" rating and set a $16.00 target price on the stock in a research note on Wednesday, July 9th.

Fvcbankcorp Company Profile

FVCBankcorp, Inc operates as the bank holding company for FVCbank that provides various banking products and services in Virginia. It offers deposit products, including interest and noninterest-bearing transaction accounts, savings accounts, money market accounts, and certificates of deposit. The company also provides commercial real estate loans; commercial construction loans; commercial loans for various business purposes, such as for working capital, equipment purchases, lines of credit, and government contract financing; small business administration loans; asset-based loans and accounts receivable financing; home equity loans; and consumer loans.

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