Devin Satz Sells 7,000 Shares of Fvcbankcorp (NASDAQ:FVCB) Stock

Key Points

• Director Devin Satz sold 7,000 shares of Fvcbankcorp stock at an average price of $13.47, totaling $94,290, decreasing his ownership to 142,173 shares.
• Fvcbankcorp's recent quarterly earnings reported an EPS of $0.30, exceeding analyst expectations of $0.28, with a revenue of $16.77 million.
• The company recently announced a dividend of $0.06 per share, representing a 1.8% annualized dividend yield with a payout ratio of 21.82%.

Fvcbankcorp, Inc. (NASDAQ:FVCB - Get Free Report) Director Devin Satz sold 7,000 shares of Fvcbankcorp stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $13.47, for a total value of $94,290.00. Following the sale, the director directly owned 142,173 shares of the company's stock, valued at approximately $1,915,070.31. This represents a 4.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Devin Satz also recently made the following trade(s):

• On Tuesday, August 12th, Devin Satz sold 5,000 shares of Fvcbankcorp stock. The stock was sold at an average price of $12.84, for a total value of $64,200.00.

Fvcbankcorp Stock Performance

FVCB traded down $0.30 on Monday, reaching $13.31. 48,440 shares of the stock were exchanged, compared to its average volume of 35,877. The company's 50-day moving average price is $12.66 and its 200 day moving average price is $11.61. Fvcbankcorp, Inc. has a fifty-two week low of $9.49 and a fifty-two week high of $14.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $240.25 million, a PE ratio of 12.10 and a beta of 0.39.

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations 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 business also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, July 28th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, July 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.8%. Fvcbankcorp's dividend payout ratio (DPR) is presently 21.82%.

Hedge Funds Weigh In On Fvcbankcorp

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its stake in shares of Fvcbankcorp by 4,559.3% in the 1st quarter. GAMMA Investing LLC now owns 2,516 shares of the company's stock valued at $27,000 after purchasing an additional 2,462 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Fvcbankcorp in the 2nd quarter valued at about $71,000. Wells Fargo & Company MN increased its stake in shares of Fvcbankcorp by 29.9% in the 4th quarter. Wells Fargo & Company MN now owns 9,783 shares of the company's stock valued at $123,000 after purchasing an additional 2,250 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Fvcbankcorp in the 1st quarter valued at about $154,000. Finally, Bank of America Corp DE increased its stake in shares of Fvcbankcorp by 43.7% in the 4th quarter. Bank of America Corp DE now owns 16,408 shares of the company's stock valued at $206,000 after purchasing an additional 4,986 shares in the last quarter. Hedge funds and other institutional investors own 43.61% of the company's stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler upgraded Fvcbankcorp to an "overweight" rating and set a $16.00 price objective for the company in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Fvcbankcorp presently has an average rating of "Buy" and a consensus price target of $16.00.

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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