Fvcbankcorp, Inc. (NASDAQ:FVCB) Shareholders to Collect $0.07 Quarterly Dividend

Key Points

• FVCbankcorp declared a quarterly dividend of $0.07 per share, payable November 16 to shareholders of record October 26. The dividend implies an annualized payout of $0.28 and a 1.6% yield.
• The company’s latest quarterly results exceeded expectations, with earnings of $0.42 per share versus the $0.36 consensus estimate and revenue of $21.30 million versus $19.32 million expected.
• Insiders recently sold shares, including an executive vice president’s $26,068 sale and a director’s $150,255 sale, while institutional investors own 43.61% of the company.

Fvcbankcorp, Inc. (NASDAQ:FVCB - Get Free Report) announced a quarterly dividend on Thursday, October 15th. Investors of record on Monday, October 26th will be given a dividend of $0.07 per share on Monday, November 16th. This represents a $0.28 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, October 26th.

Fvcbankcorp Trading Up 0.8%

FVCB opened at $17.53 on Friday. The stock has a market capitalization of $316.07 million, a price-to-earnings ratio of 12.35 and a beta of 0.34. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. Fvcbankcorp has a twelve month low of $11.83 and a twelve month high of $19.11. The company has a 50-day simple moving average of $18.15 and a 200 day simple moving average of $17.10.

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.06. The company had revenue of $21.30 million during the quarter, compared to the consensus estimate of $19.32 million. Fvcbankcorp had a net margin of 20.45% and a return on equity of 9.80%. Analysts predict that Fvcbankcorp will post 1.58 EPS for the current fiscal year.

Insider Activity at Fvcbankcorp

In other news, EVP Sharon L. Jackson sold 1,400 shares of the firm's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $18.62, for a total transaction of $26,068.00. Following the completion of the transaction, the executive vice president owned 22,424 shares of the company's stock, valued at approximately $417,534.88. This trade represents a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Scott Laughlin sold 8,100 shares of the business's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $18.55, for a total transaction of $150,255.00. Following the completion of the sale, the director directly owned 174,421 shares in the company, valued at approximately $3,235,509.55. This represents a 4.44% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 11.16% of the company's stock.

Institutional Investors Weigh In On Fvcbankcorp

Institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc bought a new position in shares of Fvcbankcorp during the second quarter worth about $26,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Fvcbankcorp during the 2nd quarter valued at approximately $107,000. Hsbc Holdings PLC bought a new position in Fvcbankcorp during the 2nd quarter worth approximately $189,000. Bank of America Corp DE raised its holdings in Fvcbankcorp by 13.3% during the 1st quarter. Bank of America Corp DE now owns 14,631 shares of the company's stock worth $222,000 after purchasing an additional 1,716 shares during the last quarter. Finally, Deutsche Bank AG acquired a new position in shares of Fvcbankcorp in the 2nd quarter worth approximately $260,000. Institutional investors own 43.61% of the company's stock.

About Fvcbankcorp

FVCbankcorp, Inc is the bank holding company for FVCbank, a community-focused financial institution headquartered in Fairfax, Virginia. Through its banking subsidiary, the company provides financial services to businesses, professionals, nonprofit organizations and individuals in Northern Virginia and the greater Washington, DC, metropolitan area.

FVCbank offers commercial and retail banking products, including checking and savings accounts, certificates of deposit, commercial real estate loans, construction and development financing, business loans, residential real estate lending and consumer loans.

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