Connor Clark & Lunn Investment Management Ltd. Takes $1.70 Million Position in Fvcbankcorp, Inc. $FVCB

Key Points

• Connor Clark & Lunn Investment Management initiated a 96,990-share position in Fvcbankcorp valued at approximately $1.70 million, representing about 0.54% of the company. Institutional investors collectively own 43.61% of FVCB.
• Fvcbankcorp exceeded quarterly expectations, reporting $0.42 EPS versus a $0.36 estimate and revenue of $21.30 million versus $19.32 million expected. The company also maintains a $0.07 quarterly dividend, yielding approximately 1.5% annually.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $21.00; Piper Sandler recently raised its target from $19 to $21. FVCB was trading near $18.27, while two insiders recently sold shares.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Fvcbankcorp, Inc. (NASDAQ:FVCB - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 96,990 shares of the company's stock, valued at approximately $1,697,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.54% of Fvcbankcorp as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FVCB. Northwestern Mutual Wealth Management Co. bought a new stake in Fvcbankcorp in the second quarter valued at $107,000. Ieq Capital LLC bought a new position in Fvcbankcorp in the 2nd quarter worth $307,000. BlackRock Inc. bought a new position in Fvcbankcorp in the 2nd quarter worth $19,064,000. Deutsche Bank AG purchased a new stake in shares of Fvcbankcorp in the 2nd quarter worth about $260,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Fvcbankcorp in the 2nd quarter worth about $705,000. Hedge funds and other institutional investors own 43.61% of the company's stock.

Fvcbankcorp Trading Down 0.3%

NASDAQ 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 50 day moving average is $18.06 and its 200 day moving average is $16.44. Fvcbankcorp, Inc. has a twelve month low of $11.83 and a twelve month high of $19.11. 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 (NASDAQ:FVCB - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.06. The business had revenue of $21.30 million during the quarter, compared to the consensus estimate of $19.32 million. Fvcbankcorp had a return on equity of 9.80% and a net margin of 20.45%. Research analysts forecast that Fvcbankcorp, Inc. will post 1.58 earnings per share for the current fiscal year.

Fvcbankcorp Dividend Announcement

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

Insider Activity

In related news, EVP Sharon L. Jackson sold 1,400 shares of Fvcbankcorp stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $18.62, for a total transaction of $26,068.00. Following the completion of the transaction, the executive vice president directly owned 22,424 shares of the company's stock, valued at $417,534.88. This trade represents a 5.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Scott Laughlin sold 8,100 shares of Fvcbankcorp 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 transaction, the director directly 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 11.16% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FVCB shares. 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 research report on Monday, July 27th. Weiss Ratings restated a "buy (b)" rating on shares of Fvcbankcorp in a report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.

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