Rhino Investment Partners Inc Trims Stake in Fvcbankcorp, Inc. $FVCB

Key Points

• Rhino Investment Partners Inc has decreased its stake in Fvcbankcorp, Inc. by 10.6%, now holding approximately 1.06% of the company worth $2,071,000.
• Fvcbankcorp reported a net margin of 17.08% and a return on equity of 8.70% in its latest earnings announcement, beating analyst revenue estimates.
• Piper Sandler has upgraded Fvcbankcorp's rating to "overweight" with a price target of $16.00, contributing to a consensus "Buy" rating for the stock.

Rhino Investment Partners Inc lowered its position in shares of Fvcbankcorp, Inc. (NASDAQ:FVCB - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 195,926 shares of the company's stock after selling 23,279 shares during the period. Rhino Investment Partners Inc owned about 1.06% of Fvcbankcorp worth $2,071,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Fvcbankcorp by 4,559.3% in the first quarter. GAMMA Investing LLC now owns 2,516 shares of the company's stock worth $27,000 after buying an additional 2,462 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Fvcbankcorp by 29.9% in the fourth quarter. Wells Fargo & Company MN now owns 9,783 shares of the company's stock worth $123,000 after buying an additional 2,250 shares during the period. Bank of America Corp DE increased its holdings in shares of Fvcbankcorp by 43.7% in the fourth quarter. Bank of America Corp DE now owns 16,408 shares of the company's stock worth $206,000 after buying an additional 4,986 shares during the period. Barclays PLC increased its holdings in shares of Fvcbankcorp by 16.5% in the fourth quarter. Barclays PLC now owns 25,071 shares of the company's stock worth $315,000 after buying an additional 3,542 shares during the period. Finally, Citadel Advisors LLC increased its holdings in shares of Fvcbankcorp by 38.9% in the fourth quarter. Citadel Advisors LLC now owns 30,038 shares of the company's stock worth $378,000 after buying an additional 8,405 shares during the period. Institutional investors own 43.61% of the company's stock.

Insider Transactions at Fvcbankcorp

In related news, Director Devin Satz sold 7,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $13.47, for a total transaction of $94,290.00. Following the transaction, the director owned 142,173 shares in the company, valued at $1,915,070.31. The trade was a 4.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 13,804 shares of company stock worth $181,960. 10.85% of the stock is owned by insiders.

Fvcbankcorp Trading Up 1.7%

NASDAQ:FVCB traded up $0.23 during mid-day trading on Tuesday, reaching $13.54. 16,155 shares of the company's stock traded hands, compared to its average volume of 35,754. Fvcbankcorp, Inc. has a 12-month low of $9.49 and a 12-month high of $14.50. The firm has a market capitalization of $244.33 million, a price-to-earnings ratio of 12.30 and a beta of 0.39. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.01 and a quick ratio of 1.01. The company has a 50 day moving average price of $12.70 and a 200-day moving average price of $11.62.

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.02. Fvcbankcorp had a return on equity of 8.70% and a net margin of 17.08%.The company had revenue of $16.77 million for the quarter, compared to the consensus estimate of $16.18 million. On average, sell-side analysts predict that Fvcbankcorp, Inc. will post 1.06 earnings per share for the current year.

Fvcbankcorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 28th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, July 28th. Fvcbankcorp's payout ratio is currently 21.82%.

Analyst Ratings Changes

Separately, Piper Sandler upgraded Fvcbankcorp to an "overweight" rating and set a $16.00 price objective on the stock in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Fvcbankcorp has a consensus rating of "Buy" and an average price target of $16.00.

About Fvcbankcorp

FVCBankcorp, Inc operates as the bank holding company for FVCbank that provides various banking products and services in Virginia. It offers deposit products, including interest and noninterest-bearing transaction accounts, savings accounts, money market accounts, and certificates of deposit. The company also provides commercial real estate loans; commercial construction loans; commercial loans for various business purposes, such as for working capital, equipment purchases, lines of credit, and government contract financing; small business administration loans; asset-based loans and accounts receivable financing; home equity loans; and consumer loans.