Fvcbankcorp, Inc. (NASDAQ:FVCB) Announces Quarterly Dividend of $0.06

Fvcbankcorp, Inc. (NASDAQ:FVCB - Get Free Report) announced a quarterly dividend on Thursday, July 17th, RTT News reports. Stockholders of record on Monday, July 28th will be given a dividend of 0.06 per share on Monday, August 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.80%.

Fvcbankcorp Price Performance

Shares of Fvcbankcorp stock traded down $0.02 on Thursday, reaching $13.33. The company's stock had a trading volume of 35,507 shares, compared to its average volume of 30,463. The company has a market capitalization of $239.81 million, a P/E ratio of 13.07 and a beta of 0.35. Fvcbankcorp has a 52-week low of $9.49 and a 52-week high of $14.50. The stock has a 50-day moving average price of $11.93 and a 200-day moving average price of $11.47. 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 (NASDAQ:FVCB - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.04. The company had revenue of $15.72 million for the quarter, compared to analyst estimates of $16.09 million. Fvcbankcorp had a return on equity of 8.18% and a net margin of 16.03%. Analysts expect that Fvcbankcorp will post 1.06 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Fvcbankcorp

A hedge fund recently raised its stake in Fvcbankcorp stock. Empowered Funds LLC boosted its position in Fvcbankcorp, Inc. (NASDAQ:FVCB - Free Report) by 8.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,754 shares of the company's stock after purchasing an additional 4,793 shares during the period. Empowered Funds LLC owned about 0.34% of Fvcbankcorp worth $653,000 as of its most recent SEC filing. 43.61% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.