Fvcbankcorp (NASDAQ:FVCB) Issues Quarterly Earnings Results

Key Points

• FVCbankcorp missed quarterly expectations: The company reported EPS of $0.37 versus the $0.39 consensus estimate, while revenue of $18.74 million fell short of analysts’ $20.61 million forecast. Net margin was 20.45% and return on equity was 9.80%.
• Shares rose 3.0% to $18.14 following the results. Analysts maintain a consensus “Buy” rating with an average price target of $21.00.
• The company declared a quarterly dividend of $0.07 per share, equal to an annualized $0.28 and a 1.5% yield; two insiders also sold shares, while insiders collectively own 11.16% of the stock.

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02), FiscalAI reports. Fvcbankcorp had a net margin of 20.45% and a return on equity of 9.80%. The business had revenue of $18.74 million for the quarter, compared to analysts' expectations of $20.61 million.

Fvcbankcorp Trading Up 3.0%

Shares of FVCB stock traded up $0.53 during trading hours on Thursday, reaching $18.14. The company's stock had a trading volume of 121,807 shares, compared to its average volume of 114,901. The stock has a market capitalization of $327.06 million, a P/E ratio of 12.77 and a beta of 0.34. Fvcbankcorp has a one year low of $11.83 and a one year high of $19.11. The firm's fifty day simple moving average is $18.07 and its 200 day simple moving average is $17.16. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09.

Fvcbankcorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, October 26th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, October 26th. Fvcbankcorp's dividend payout ratio (DPR) is currently 19.72%.

Insider Activity at Fvcbankcorp

In related news, Director Scott Laughlin sold 8,100 shares of the firm's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $18.55, for a total value of $150,255.00. Following the completion of the sale, the director owned 174,421 shares of the company's stock, valued at $3,235,509.55. This trade represents a 4.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Sharon L. Jackson sold 1,400 shares of the firm's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $18.62, for a total value of $26,068.00. Following the completion of the sale, the executive vice president directly owned 22,424 shares of the company's stock, valued at $417,534.88. The trade was a 5.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 11.16% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

FVCB has been the topic of several analyst reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Fvcbankcorp in a report on Tuesday, September 22nd. Piper Sandler boosted their target price on Fvcbankcorp from $19.00 to $21.00 and gave the company an "overweight" rating in a research note on Monday, July 27th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $21.00.

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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