Algert Global LLC Acquires New Stake in Fvcbankcorp, Inc. $FVCB

Algert Global LLC acquired a new position in Fvcbankcorp, Inc. (NASDAQ:FVCB - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 217,644 shares of the company's stock, valued at approximately $3,809,000. Algert Global LLC owned approximately 1.21% of Fvcbankcorp at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Renaissance Technologies LLC grew its position in Fvcbankcorp by 37.4% in the 1st quarter. Renaissance Technologies LLC now owns 116,475 shares of the company's stock valued at $1,769,000 after buying an additional 31,700 shares in the last quarter. Bridgewater Advisors Inc. purchased a new stake in Fvcbankcorp in the 2nd quarter worth approximately $808,000. Bridgeway Capital Management LLC boosted its stake in shares of Fvcbankcorp by 2.7% during the 3rd quarter. Bridgeway Capital Management LLC now owns 161,077 shares of the company's stock valued at $2,089,000 after buying an additional 4,213 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of Fvcbankcorp during the third quarter worth $257,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Fvcbankcorp by 138.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,254 shares of the company's stock worth $55,000 after purchasing an additional 2,468 shares in the last quarter. 43.61% of the stock is currently owned by hedge funds and other institutional investors.

Fvcbankcorp Trading Down 0.3%

Shares of FVCB opened at $18.27 on Friday. The firm has a market capitalization of $329.41 million, a PE ratio of 12.87 and a beta of 0.33. The stock's fifty day simple moving average is $18.06 and its 200-day simple moving average is $16.44. 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, Inc. has a 12-month low of $11.83 and a 12-month high of $19.11.

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $19.32 million. Fvcbankcorp had a net margin of 20.45% and a return on equity of 9.80%. As a group, research analysts predict that Fvcbankcorp, Inc. will post 1.5 earnings per share for the current year.

Fvcbankcorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, July 27th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, July 27th. Fvcbankcorp's dividend payout ratio is 19.72%.

Insider Activity at Fvcbankcorp

In other Fvcbankcorp 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 transaction of $150,255.00. Following the transaction, the director owned 174,421 shares in the company, valued at $3,235,509.55. This trade represents a 4.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sharon L. Jackson sold 1,400 shares of the company'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 sale, the executive vice president owned 22,424 shares of the company's stock, valued at $417,534.88. The trade was a 5.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 11.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Piper Sandler lifted their target price on shares of Fvcbankcorp from $19.00 to $21.00 and gave the company an "overweight" rating in a research note on Monday, July 27th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Fvcbankcorp in a research report on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.00.

Fvcbankcorp Profile

Fvcbankcorp is a bank holding company headquartered in Warrenton, Virginia, operating through its wholly owned subsidiary, The Fauquier Bank. The company traces its origins to The Fauquier Bank, which was chartered in 2007 to serve local businesses and individuals in Northern Virginia. Fvcbankcorp provides strategic oversight and support to its community banking operations, guiding growth initiatives and ensuring regulatory compliance across its branch network.

The Fauquier Bank offers a comprehensive range of commercial and retail banking products and services.

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