Modera Wealth Management LLC Takes $831,000 Position in Fvcbankcorp, Inc. (NASDAQ:FVCB)

Key Points

• Modera Wealth Management LLC has acquired 78,650 shares of Fvcbankcorp, Inc., valued at approximately $831,000, increasing its ownership to 0.43% of the company.
• Fvcbankcorp reported earnings of $0.30 per share in its latest quarter, exceeding analysts' expectations of $0.28, alongside revenues of $16.77 million.
• The company announced a quarterly dividend of $0.06 per share, yielding approximately 1.9%, with the ex-dividend date set for July 28th.

Modera Wealth Management LLC acquired a new stake in shares of Fvcbankcorp, Inc. (NASDAQ:FVCB - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 78,650 shares of the company's stock, valued at approximately $831,000. Modera Wealth Management LLC owned about 0.43% of Fvcbankcorp at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of FVCB. Geode Capital Management LLC increased its position in shares of Fvcbankcorp by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 358,604 shares of the company's stock valued at $4,508,000 after buying an additional 1,034 shares during the period. Dimensional Fund Advisors LP grew its holdings in Fvcbankcorp by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 225,590 shares of the company's stock worth $2,836,000 after purchasing an additional 5,956 shares during the period. Rhino Investment Partners Inc grew its holdings in shares of Fvcbankcorp by 2,310.7% during the fourth quarter. Rhino Investment Partners Inc now owns 219,205 shares of the company's stock valued at $2,755,000 after buying an additional 210,112 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of Fvcbankcorp by 1.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 152,625 shares of the company's stock valued at $1,918,000 after buying an additional 2,756 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Fvcbankcorp by 4.6% during the fourth quarter. Northern Trust Corp now owns 130,802 shares of the company's stock valued at $1,644,000 after buying an additional 5,754 shares during the last quarter. 43.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upgraded shares of Fvcbankcorp to an "overweight" rating and set a $16.00 price target on the stock in a research report on Wednesday, July 9th.

Fvcbankcorp Price Performance

Shares of NASDAQ:FVCB traded up $0.03 on Monday, reaching $12.52. The company's stock had a trading volume of 7,255 shares, compared to its average volume of 36,420. The company has a 50-day simple moving average of $12.28 and a 200 day simple moving average of $11.55. The company has a market cap of $225.17 million, a P/E ratio of 11.38 and a beta of 0.39. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.01 and a current ratio of 1.01. Fvcbankcorp, Inc. has a 52-week low of $9.49 and a 52-week high of $14.50.

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. The business had revenue of $16.77 million during the quarter, compared to analyst estimates of $16.18 million. Fvcbankcorp had a net margin of 17.08% and a return on equity of 8.70%. As a group, equities research analysts anticipate that Fvcbankcorp, Inc. will post 1.06 EPS for the current fiscal year.

Fvcbankcorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 28th will be given a dividend of $0.06 per share. The ex-dividend date is Monday, July 28th. This represents a $0.24 dividend on an annualized basis and a yield of 1.9%. Fvcbankcorp's dividend payout ratio is currently 21.82%.

Fvcbankcorp Company 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.