Nuveen LLC acquired a new stake in Fvcbankcorp, Inc. (NASDAQ:FVCB - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 45,449 shares of the company's stock, valued at approximately $480,000. Nuveen LLC owned approximately 0.25% of Fvcbankcorp at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of FVCB. GAMMA Investing LLC increased its holdings in Fvcbankcorp by 4,559.3% during the 1st quarter. GAMMA Investing LLC now owns 2,516 shares of the company's stock worth $27,000 after purchasing an additional 2,462 shares during the period. Wells Fargo & Company MN grew its position in shares of Fvcbankcorp by 29.9% during the fourth quarter. Wells Fargo & Company MN now owns 9,783 shares of the company's stock worth $123,000 after buying an additional 2,250 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Fvcbankcorp by 43.7% during the fourth quarter. Bank of America Corp DE now owns 16,408 shares of the company's stock worth $206,000 after buying an additional 4,986 shares during the period. Barclays PLC raised its holdings in Fvcbankcorp by 16.5% in the fourth quarter. Barclays PLC now owns 25,071 shares of the company's stock valued at $315,000 after acquiring an additional 3,542 shares in the last quarter. Finally, Citadel Advisors LLC raised its holdings in Fvcbankcorp by 38.9% in the fourth quarter. Citadel Advisors LLC now owns 30,038 shares of the company's stock valued at $378,000 after acquiring an additional 8,405 shares in the last quarter. 43.61% of the stock is owned by institutional investors and hedge funds.
Fvcbankcorp Stock Performance
NASDAQ FVCB traded down $0.01 during trading hours on Wednesday, hitting $13.28. The company had a trading volume of 19,122 shares, compared to its average volume of 39,746. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.01 and a current ratio of 1.01. Fvcbankcorp, Inc. has a 1-year low of $9.49 and a 1-year high of $14.50. The company has a market cap of $239.70 million, a PE ratio of 12.07 and a beta of 0.38. The business has a 50 day moving average of $13.12 and a 200-day moving average of $11.75.
Fvcbankcorp (NASDAQ:FVCB - Get Free Report) last posted 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. The business had revenue of $16.77 million for the quarter, compared to analysts' expectations of $16.18 million. Fvcbankcorp had a return on equity of 8.57% and a net margin of 17.08%. As a group, equities research analysts expect that Fvcbankcorp, Inc. will post 1.06 EPS for the current year.
Fvcbankcorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, July 28th were paid a $0.06 dividend. The ex-dividend date was Monday, July 28th. This represents a $0.24 dividend on an annualized basis and a yield of 1.8%. Fvcbankcorp's payout ratio is currently 21.82%.
Insider Activity at Fvcbankcorp
In other news, EVP Sharon L. Jackson sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $13.52, for a total transaction of $27,040.00. Following the transaction, the executive vice president directly owned 23,830 shares in the company, valued at approximately $322,181.60. This trade represents a 7.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Devin Satz sold 7,000 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $13.47, for a total transaction of $94,290.00. Following the completion of the sale, the director owned 142,173 shares of the company's stock, valued at approximately $1,915,070.31. This trade represents a 4.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,804 shares of company stock valued at $209,000 over the last three months. Corporate insiders own 10.85% of the company's stock.
Analyst Ratings Changes
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. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $16.00.
Check Out Our Latest Analysis on Fvcbankcorp
About Fvcbankcorp
(
Free Report)
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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