BlackRock Inc. Acquires New Position in Fvcbankcorp, Inc. $FVCB

Key Points

• BlackRock acquired 1.09 million Fvcbankcorp shares worth approximately $19.1 million, giving it a 6.05% stake. Institutional investors collectively own 43.61% of the company.
• Fvcbankcorp exceeded quarterly expectations, reporting $0.42 EPS versus the $0.36 consensus and revenue of $21.3 million versus $19.32 million expected.
• Analysts maintain a “Moderate Buy” consensus with a $21 price target, while the company pays a quarterly dividend of $0.07, equivalent to a 1.5% yield.

BlackRock Inc. purchased a new position in Fvcbankcorp, Inc. (NASDAQ:FVCB - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,089,368 shares of the company's stock, valued at approximately $19,064,000. BlackRock Inc. owned 6.05% of Fvcbankcorp at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FVCB. Russell Investments Group Ltd. lifted its stake in Fvcbankcorp by 115.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,964 shares of the company's stock valued at $38,000 after buying an additional 1,589 shares in the last quarter. BNP Paribas Financial Markets increased its position in Fvcbankcorp by 138.2% during the third 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 during the last quarter. Tower Research Capital LLC TRC acquired a new position in Fvcbankcorp in the second quarter valued at $71,000. Invesco Ltd. purchased a new stake in shares of Fvcbankcorp during the 4th quarter worth about $140,000. Finally, Jane Street Group LLC acquired a new stake in Fvcbankcorp in the 1st quarter valued at $154,000. Institutional investors and hedge funds own 43.61% of the company's stock.

Fvcbankcorp Stock Performance

Shares of FVCB opened at $18.43 on Friday. The firm has a 50-day moving average price of $18.14 and a 200 day moving average price of $16.52. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $332.29 million, a PE ratio of 12.98 and a beta of 0.32. Fvcbankcorp, Inc. has a 52-week low of $11.83 and a 52-week high of $19.11.

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) last issued its quarterly earnings results 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 9.80% and a net margin of 20.45%.The firm had revenue of $21.30 million during the quarter, compared to analyst estimates of $19.32 million. On average, sell-side analysts anticipate that Fvcbankcorp, Inc. will post 1.58 earnings per share for the current fiscal year.

Fvcbankcorp Announces Dividend

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

Insider Buying and Selling at Fvcbankcorp

In related news, Director Scott Laughlin sold 8,100 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $18.55, for a total value of $150,255.00. Following the completion of the transaction, the director owned 174,421 shares of the company's stock, valued at approximately $3,235,509.55. This trade represents a 4.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Sharon L. Jackson sold 1,400 shares of Fvcbankcorp stock in a transaction on Monday, August 24th. The shares were sold at an average price of $18.62, for a total value of $26,068.00. Following the transaction, the executive vice president owned 22,424 shares in the company, valued at $417,534.88. This represents a 5.88% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 11.16% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FVCB. Piper Sandler upped 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 reissued a "buy (b)" rating on shares of Fvcbankcorp in a report on Friday, June 26th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $21.00.

About Fvcbankcorp

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.

Want to see what other hedge funds are holding FVCB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fvcbankcorp, Inc. (NASDAQ:FVCB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.