Empowered Funds LLC Invests $1.41 Million in Fvcbankcorp, Inc. $FVCB

Key Points

• Empowered Funds LLC acquired 80,442 shares of Fvcbankcorp in the second quarter, worth approximately $1.41 million and representing a 0.45% stake. Institutional investors collectively own 43.61% of the company.
• Analysts maintain a favorable outlook, with Fvcbankcorp carrying a consensus “Moderate Buy” rating and a $21 target price. Piper Sandler recently raised its target from $19 to $21.
• Fvcbankcorp exceeded quarterly earnings expectations, reporting $0.42 in EPS versus a $0.36 estimate and $21.30 million in revenue versus $19.32 million expected. The company also pays a quarterly dividend of $0.07, equivalent to a 1.5% annual yield.

Empowered Funds LLC bought a new stake in Fvcbankcorp, Inc. (NASDAQ:FVCB - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 80,442 shares of the company's stock, valued at approximately $1,408,000. Empowered Funds LLC owned 0.45% of Fvcbankcorp as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Legal & General Group Plc bought a new position in Fvcbankcorp during the second quarter worth about $26,000. Russell Investments Group Ltd. raised its holdings in shares of Fvcbankcorp by 115.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,964 shares of the company's stock worth $38,000 after buying an additional 1,589 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Fvcbankcorp by 138.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,254 shares of the company's stock worth $55,000 after buying an additional 2,468 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Fvcbankcorp during the 2nd quarter worth approximately $71,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Fvcbankcorp in the 2nd quarter valued at $107,000. Institutional investors and hedge funds own 43.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Fvcbankcorp in a research report on Friday, June 26th. Piper Sandler boosted 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. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.00.

Insider Buying and Selling at Fvcbankcorp

In other news, EVP Sharon L. Jackson sold 1,400 shares of the stock in a transaction on 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 sale, the executive vice president owned 22,424 shares of the company's stock, valued at $417,534.88. This represents a 5.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott Laughlin sold 8,100 shares of the business's stock in a transaction dated 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 sale, the director owned 174,421 shares in the company, 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 insiders.

Fvcbankcorp Price Performance

Shares of FVCB stock opened at $18.72 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. Fvcbankcorp, Inc. has a 52-week low of $11.83 and a 52-week high of $19.11. The firm's 50 day moving average price is $18.17 and its two-hundred day moving average price is $16.54. The stock has a market cap of $337.52 million, a PE ratio of 13.18 and a beta of 0.32.

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The company reported $0.42 EPS for the quarter, beating 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%. As a group, analysts forecast that Fvcbankcorp, Inc. will post 1.58 EPS for the current year.

Fvcbankcorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders 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 payout ratio is 19.72%.

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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