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

Key Points

• Fvcbankcorp, Inc. has declared a quarterly dividend of $0.06 per share, which will be distributed to investors on November 17th, representing an annualized yield of 2.0%.
• The company's stock price recently opened at $12.11, reflecting a decrease of 4.9%, and has a market capitalization of approximately $218.59 million.
• Research analysts have mixed views on Fvcbankcorp, with a consensus rating of "Hold" and a price target of $16.00 following recent changes in ratings from various firms.

Fvcbankcorp, Inc. (NASDAQ:FVCB - Get Free Report) declared a quarterly dividend on Thursday, October 16th. Investors of record on Monday, October 27th will be given a dividend of 0.06 per share on Monday, November 17th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, October 27th.

Fvcbankcorp Stock Down 4.9%

NASDAQ:FVCB opened at $12.11 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $218.59 million, a PE ratio of 11.01 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 simple moving average of $13.09 and a 200 day simple moving average of $12.17.

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) last posted its quarterly earnings data on Thursday, June 2nd. The company reported $0.48 earnings per share (EPS) for the quarter. The business had revenue of $14.83 million during the quarter. Fvcbankcorp had a return on equity of 8.57% and a net margin of 17.08%. On average, sell-side analysts expect that Fvcbankcorp will post 1.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FVCB shares. Piper Sandler upgraded Fvcbankcorp to an "overweight" rating and set a $16.00 price target for the company in a research note on Wednesday, July 9th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Fvcbankcorp in a research report on Wednesday, October 8th. Finally, Zacks Research cut Fvcbankcorp from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 25th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $16.00.

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.

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