Goldman Sachs Group Inc. Reduces Position in Fvcbankcorp, Inc. $FVCB

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Fvcbankcorp, Inc. by 44.5%, now owning just 26,113 shares valued at approximately $276,000.
• Several other institutional investors have adjusted their holdings in Fvcbankcorp, with hedge funds owning 43.61% of the company's stock.
• Fvcbankcorp recently announced a quarterly dividend of $0.06 per share, representing a yield of 1.8% and a payout ratio of 21.82%.

Goldman Sachs Group Inc. decreased its stake in Fvcbankcorp, Inc. (NASDAQ:FVCB - Free Report) by 44.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,113 shares of the company's stock after selling 20,916 shares during the period. Goldman Sachs Group Inc. owned 0.15% of Fvcbankcorp worth $276,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FJ Capital Management LLC boosted its holdings in shares of Fvcbankcorp by 0.9% during the first quarter. FJ Capital Management LLC now owns 1,637,664 shares of the company's stock worth $17,310,000 after purchasing an additional 14,776 shares during the period. Modera Wealth Management LLC bought a new position in Fvcbankcorp during the 1st quarter worth $831,000. Empowered Funds LLC raised its stake in shares of Fvcbankcorp by 8.4% in the first quarter. Empowered Funds LLC now owns 61,754 shares of the company's stock valued at $653,000 after buying an additional 4,793 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Fvcbankcorp by 5.8% in the 1st quarter. Bank of New York Mellon Corp now owns 51,620 shares of the company's stock valued at $546,000 after acquiring an additional 2,836 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Fvcbankcorp during the first quarter valued at approximately $480,000. Hedge funds and other institutional investors own 43.61% of the company's stock.

Insider Activity at Fvcbankcorp

In related news, EVP Sharon L. Jackson sold 2,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $13.52, for a total value of $27,040.00. Following the sale, the executive vice president owned 23,830 shares in the company, valued at approximately $322,181.60. This represents a 7.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Devin Satz sold 7,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $13.47, for a total value of $94,290.00. Following the completion of the transaction, the director owned 142,173 shares in the company, valued at approximately $1,915,070.31. The trade was a 4.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,804 shares of company stock valued at $209,000 in the last ninety days. Insiders own 10.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on FVCB shares. Piper Sandler upgraded shares of Fvcbankcorp to an "overweight" rating and set a $16.00 price objective for the company in a research note on Wednesday, July 9th. Zacks Research downgraded Fvcbankcorp from a "strong-buy" rating to a "hold" rating in a research note on Thursday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $16.00.

Fvcbankcorp Trading Down 0.7%

Shares of FVCB stock opened at $13.21 on Friday. The company's fifty day simple moving average is $13.19 and its two-hundred day simple moving average is $11.97. The stock has a market capitalization of $238.44 million, a price-to-earnings ratio of 12.01 and a beta of 0.38. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.01 and a quick ratio of 1.01. Fvcbankcorp, Inc. has a 1 year low of $9.49 and a 1 year high of $14.50.

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.02. Fvcbankcorp had a net margin of 17.08% and a return on equity of 8.57%. The business had revenue of $16.77 million for the quarter, compared to analysts' expectations of $16.18 million. As a group, analysts anticipate that Fvcbankcorp, Inc. will post 1.06 earnings per share for the current year.

Fvcbankcorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Stockholders 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 dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, July 28th. Fvcbankcorp's dividend payout ratio (DPR) is presently 21.82%.

Fvcbankcorp Profile

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.

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