Ategra Capital Management LLC Invests $7.64 Million in Fvcbankcorp, Inc. $FVCB

Ategra Capital Management LLC bought a new position in shares of Fvcbankcorp, Inc. (NASDAQ:FVCB - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 436,748 shares of the company's stock, valued at approximately $7,643,000. Fvcbankcorp accounts for about 3.4% of Ategra Capital Management LLC's portfolio, making the stock its 14th biggest holding. Ategra Capital Management LLC owned about 2.42% of Fvcbankcorp at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Fvcbankcorp in the second quarter valued at about $19,064,000. Fourthstone LLC increased its stake in Fvcbankcorp by 19.6% during the fourth quarter. Fourthstone LLC now owns 1,088,952 shares of the company's stock valued at $15,147,000 after acquiring an additional 178,132 shares during the period. Alliancebernstein L.P. raised its holdings in Fvcbankcorp by 1.1% in the 3rd quarter. Alliancebernstein L.P. now owns 988,020 shares of the company's stock valued at $12,815,000 after acquiring an additional 10,690 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Fvcbankcorp by 6.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 302,167 shares of the company's stock valued at $4,590,000 after acquiring an additional 18,550 shares in the last quarter. Finally, Algert Global LLC bought a new stake in shares of Fvcbankcorp in the 2nd quarter worth approximately $3,809,000. 43.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FVCB. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Fvcbankcorp in a research report on Friday, June 26th. Piper Sandler boosted their price target on shares of Fvcbankcorp from $19.00 to $21.00 and gave the company an "overweight" rating in a report on Monday, July 27th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $21.00.

Insider Transactions at Fvcbankcorp

In other Fvcbankcorp news, Director Scott Laughlin sold 8,100 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $18.55, for a total transaction of $150,255.00. Following the sale, the director directly owned 174,421 shares of the company's stock, valued at approximately $3,235,509.55. This represents a 4.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 11.16% of the stock is owned by corporate insiders.

Fvcbankcorp Stock Performance

Shares of NASDAQ:FVCB opened at $18.54 on Tuesday. The business's fifty day moving average price is $17.92 and its two-hundred day moving average price is $16.38. Fvcbankcorp, Inc. has a fifty-two week low of $11.83 and a fifty-two week high of $19.11. The stock has a market capitalization of $334.28 million, a price-to-earnings ratio of 13.06 and a beta of 0.33. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03.

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.06. Fvcbankcorp had a return on equity of 9.91% and a net margin of 20.45%.The company had revenue of $21.30 million during the quarter, compared to analysts' expectations of $19.32 million. As a group, analysts predict that Fvcbankcorp, Inc. will post 1.5 EPS for the current fiscal year.

Fvcbankcorp Dividend Announcement

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

Fvcbankcorp Company 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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