Modera Wealth Management LLC Takes 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 purchased a new stake in Fvcbankcorp, Inc. (NASDAQ:FVCB - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 78,650 shares of the company's stock, valued at approximately $831,000. Modera Wealth Management LLC owned 0.43% of Fvcbankcorp at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Fvcbankcorp by 4,559.3% during the 1st quarter. GAMMA Investing LLC now owns 2,516 shares of the company's stock valued at $27,000 after purchasing an additional 2,462 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Fvcbankcorp by 29.9% during the 4th quarter. Wells Fargo & Company MN now owns 9,783 shares of the company's stock valued at $123,000 after purchasing an additional 2,250 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Fvcbankcorp by 43.7% during the 4th quarter. Bank of America Corp DE now owns 16,408 shares of the company's stock valued at $206,000 after purchasing an additional 4,986 shares in the last quarter. Barclays PLC boosted its position in shares of Fvcbankcorp by 16.5% during the 4th quarter. Barclays PLC now owns 25,071 shares of the company's stock valued at $315,000 after purchasing an additional 3,542 shares in the last quarter. Finally, Citadel Advisors LLC boosted its position in shares of Fvcbankcorp by 38.9% during the 4th quarter. Citadel Advisors LLC now owns 30,038 shares of the company's stock valued at $378,000 after purchasing an additional 8,405 shares in the last quarter. Institutional investors and hedge funds own 43.61% of the company's stock.

Wall Street Analysts Forecast Growth

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

Fvcbankcorp Stock Down 2.5%

NASDAQ:FVCB traded down $0.32 on Friday, hitting $12.49. The stock had a trading volume of 48,978 shares, compared to its average volume of 42,985. The business's fifty day moving average is $12.28 and its 200 day moving average is $11.55. The company has a market cap of $224.70 million, a PE ratio of 11.35 and a beta of 0.39. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.08. 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 announced its quarterly earnings results on Tuesday, July 22nd. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.02. The business had revenue of $16.77 million for the quarter, compared to analyst estimates of $16.18 million. Fvcbankcorp had a return on equity of 8.70% and a net margin of 17.08%. On average, equities research analysts expect that Fvcbankcorp, Inc. will post 1.06 EPS for the current fiscal year.

Fvcbankcorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 28th will be issued a $0.06 dividend. The ex-dividend date is Monday, July 28th. This represents a $0.24 annualized dividend and a yield of 1.9%. Fvcbankcorp's dividend payout ratio is presently 21.82%.

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.