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

Fvcbankcorp, Inc. (NASDAQ:FVCB - Get Free Report) declared a quarterly dividend on Thursday, July 17th, RTT News reports. Investors of record on Monday, July 28th will be paid a dividend of 0.06 per share on Monday, August 18th. This represents a $0.24 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Monday, July 28th.

Fvcbankcorp Stock Performance

Shares of NASDAQ:FVCB traded up $0.03 during midday trading on Monday, reaching $13.24. The company had a trading volume of 40,089 shares, compared to its average volume of 30,356. The company's 50 day moving average price is $12.00 and its 200 day moving average price is $11.46. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.08. Fvcbankcorp has a 52-week low of $9.49 and a 52-week high of $14.50. The stock has a market cap of $238.19 million, a P/E ratio of 12.98 and a beta of 0.35.

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.24 by $0.04. Fvcbankcorp had a net margin of 16.03% and a return on equity of 8.18%. The company had revenue of $15.72 million during the quarter, compared to the consensus estimate of $16.09 million. As a group, sell-side analysts anticipate that Fvcbankcorp will post 1.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Fvcbankcorp

A hedge fund recently raised its stake in Fvcbankcorp stock. Empowered Funds LLC increased its position in Fvcbankcorp, Inc. (NASDAQ:FVCB - Free Report) by 8.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,754 shares of the company's stock after buying an additional 4,793 shares during the period. Empowered Funds LLC owned 0.34% of Fvcbankcorp worth $653,000 at the end of the most recent quarter. 43.61% of the stock is owned by institutional investors and hedge funds.

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.