Insider Selling: Fvcbankcorp, Inc. (NASDAQ:FVCB) Director Sells 5,000 Shares of 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 firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $12.84, for a total transaction of $64,200.00. Following the sale, the director owned 154,173 shares of the company's stock, valued at $1,979,581.32. This represents a 3.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Fvcbankcorp Trading Up 0.9%

Fvcbankcorp stock traded up $0.11 during trading on Tuesday, hitting $12.95. The company had a trading volume of 637 shares, compared to its average volume of 35,842. Fvcbankcorp, Inc. has a 1-year low of $9.49 and a 1-year high of $14.50. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.08. The company's 50 day simple moving average is $12.53 and its 200-day simple moving average is $11.59. The stock has a market cap of $233.75 million, a price-to-earnings ratio of 11.77 and a beta of 0.39.

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) last posted its 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 net margin of 17.08% and a return on equity of 8.70%. The firm had revenue of $16.77 million during the quarter, compared to the consensus estimate of $16.18 million. As a group, analysts expect that Fvcbankcorp, Inc. will post 1.06 EPS for the current fiscal year.

Fvcbankcorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 28th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, July 28th. Fvcbankcorp's dividend payout ratio (DPR) is 21.82%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upgraded shares of Fvcbankcorp to an "overweight" rating and set a $16.00 price target for the company in a report on Wednesday, July 9th.

Institutional Trading of Fvcbankcorp

Several institutional investors have recently added to or reduced their stakes in the stock. FJ Capital Management LLC increased its holdings in Fvcbankcorp by 0.9% in the 1st quarter. FJ Capital Management LLC now owns 1,637,664 shares of the company's stock valued at $17,310,000 after purchasing an additional 14,776 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Fvcbankcorp by 2.0% in the second quarter. Alliancebernstein L.P. now owns 977,330 shares of the company's stock worth $11,532,000 after acquiring an additional 18,862 shares in the last quarter. Fourthstone LLC grew its stake in shares of 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. Geode Capital Management LLC grew its stake in shares of Fvcbankcorp by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 358,604 shares of the company's stock worth $4,508,000 after acquiring an additional 1,034 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Fvcbankcorp by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 225,590 shares of the company's stock worth $2,836,000 after acquiring an additional 5,956 shares in the last quarter. Institutional investors and hedge funds own 43.61% of the company's stock.

About Fvcbankcorp

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.