Man Group plc Acquires New Shares in Fvcbankcorp, Inc. $FVCB

Key Points

• Man Group plc acquired 63,542 shares of Fvcbankcorp during the second quarter, worth approximately $1.11 million and representing a 0.35% stake. Institutional investors collectively own 43.61% of the company.
• Analysts maintain a favorable outlook, with Fvcbankcorp carrying a “Moderate Buy” consensus rating and an average price target of $21.00, up from Piper Sandler’s previous $19 target.
• Fvcbankcorp exceeded quarterly expectations, reporting $0.42 EPS versus the $0.36 consensus and $21.30 million in revenue versus $19.32 million expected. The company also paid a quarterly dividend of $0.07 per share, equivalent to a 1.5% yield.

Man Group plc bought a new stake in Fvcbankcorp, Inc. (NASDAQ:FVCB - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 63,542 shares of the company's stock, valued at approximately $1,112,000. Man Group plc owned 0.35% of Fvcbankcorp at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Algert Global LLC acquired a new position in shares of Fvcbankcorp during the 2nd quarter worth about $3,809,000. Renaissance Technologies LLC raised its position in shares of Fvcbankcorp by 37.4% in the 1st quarter. Renaissance Technologies LLC now owns 116,475 shares of the company's stock valued at $1,769,000 after acquiring an additional 31,700 shares during the period. Bridgewater Advisors Inc. bought a new position in Fvcbankcorp during the 2nd quarter worth approximately $808,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Fvcbankcorp during the 2nd quarter worth approximately $1,697,000. Finally, Ategra Capital Management LLC acquired a new position in Fvcbankcorp during the second quarter valued at approximately $7,643,000. Institutional investors own 43.61% of the company's stock.

Insider Buying and Selling

In other news, Director Scott Laughlin sold 8,100 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $18.55, for a total transaction of $150,255.00. Following the completion of the sale, the director owned 174,421 shares of the company's stock, valued at $3,235,509.55. This represents a 4.44% 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, EVP Sharon L. Jackson sold 1,400 shares of the firm's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $18.62, for a total transaction of $26,068.00. Following the sale, the executive vice president owned 22,424 shares in the company, valued at approximately $417,534.88. The trade was a 5.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 11.16% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Fvcbankcorp in a research note on Friday, June 26th. Piper Sandler lifted their price target on shares of Fvcbankcorp from $19.00 to $21.00 and gave the stock an "overweight" rating in a research report on Monday, July 27th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Fvcbankcorp currently has an average rating of "Moderate Buy" and an average price target of $21.00.

Fvcbankcorp Stock Up 1.6%

Shares of Fvcbankcorp stock opened at $18.39 on Thursday. The company has a market capitalization of $331.57 million, a P/E ratio of 12.95 and a beta of 0.32. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The business has a 50-day moving average of $18.12 and a two-hundred day moving average of $16.50. Fvcbankcorp, Inc. has a 1 year low of $11.83 and a 1 year high of $19.11.

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. Fvcbankcorp had a return on equity of 9.80% and a net margin of 20.45%.The business had revenue of $21.30 million for the quarter, compared to analysts' expectations of $19.32 million. As a group, equities analysts predict that Fvcbankcorp, Inc. will post 1.58 EPS for the current year.

Fvcbankcorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, July 27th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, July 27th. Fvcbankcorp's dividend payout ratio (DPR) 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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