45,449 Shares in Fvcbankcorp, Inc. $FVCB Purchased by Nuveen LLC

Key Points

• Nuveen LLC acquired 45,449 shares of Fvcbankcorp, Inc. valued at approximately $480,000 during the first quarter, bringing its total ownership to 0.25% as per the latest SEC filing.
• Piper Sandler upgraded Fvcbankcorp shares to an "overweight" rating with a price target of $16.00, contributing to an average "Buy" rating among analysts.
• The company reported earnings of $0.30 per share for the last quarter, surpassing expectations, and announced a quarterly dividend of $0.06, equating to an annual yield of 1.8%.

Nuveen LLC purchased a new stake in shares of Fvcbankcorp, Inc. (NASDAQ:FVCB - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 45,449 shares of the company's stock, valued at approximately $480,000. Nuveen LLC owned about 0.25% of Fvcbankcorp as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in Fvcbankcorp by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 225,590 shares of the company's stock valued at $2,836,000 after purchasing an additional 5,956 shares during the last quarter. Bridgeway Capital Management LLC grew its stake in Fvcbankcorp by 1.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 152,625 shares of the company's stock valued at $1,918,000 after purchasing an additional 2,756 shares during the last quarter. Northern Trust Corp grew its stake in Fvcbankcorp by 4.6% during the 4th quarter. Northern Trust Corp now owns 130,802 shares of the company's stock valued at $1,644,000 after purchasing an additional 5,754 shares during the last quarter. Modera Wealth Management LLC purchased a new stake in Fvcbankcorp during the 1st quarter valued at about $831,000. Finally, Bank of New York Mellon Corp grew its stake in Fvcbankcorp by 5.8% during the 1st quarter. Bank of New York Mellon Corp now owns 51,620 shares of the company's stock valued at $546,000 after purchasing an additional 2,836 shares during 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 target on the stock in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $16.00.

Insider Transactions at Fvcbankcorp

In related news, EVP Sharon L. Jackson sold 2,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $13.52, for a total value of $27,040.00. Following the completion of the transaction, the executive vice president owned 23,830 shares of the company's stock, valued at approximately $322,181.60. This represents a 7.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Devin Satz sold 7,000 shares of the company's 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 completion of the transaction, the director directly owned 142,173 shares of the company's stock, valued at $1,915,070.31. The trade was a 4.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,804 shares of company stock valued at $209,000 in the last ninety days. 13.99% of the stock is currently owned by insiders.

Fvcbankcorp Stock Performance

Shares of FVCB traded down $0.05 during mid-day trading on Monday, reaching $13.32. The company had a trading volume of 41,917 shares, compared to its average volume of 36,864. Fvcbankcorp, Inc. has a 52-week low of $9.49 and a 52-week high of $14.50. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $240.43 million, a P/E ratio of 12.11 and a beta of 0.38. The stock has a 50 day moving average of $13.05 and a two-hundred day moving average of $11.71.

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) last issued its 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 8.57% and a net margin of 17.08%.The firm had revenue of $16.77 million for the quarter, compared to the consensus estimate of $16.18 million. On average, analysts expect that Fvcbankcorp, Inc. will post 1.06 earnings per share for the current year.

Fvcbankcorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 28th were issued a $0.06 dividend. The ex-dividend date of this dividend was Monday, July 28th. This represents a $0.24 dividend on an annualized basis and a yield of 1.8%. Fvcbankcorp's dividend payout ratio is presently 21.82%.

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.