Fvcbankcorp (NASDAQ:FVCB) Announces Earnings Results

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) released its earnings results on Tuesday, April 21st. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.02, Zacks reports. Fvcbankcorp had a return on equity of 9.33% and a net margin of 18.85%.The firm had revenue of $18.29 million during the quarter, compared to the consensus estimate of $18.24 million.

Fvcbankcorp Price Performance

NASDAQ:FVCB traded down $0.09 on Thursday, reaching $15.77. The stock had a trading volume of 226,903 shares, compared to its average volume of 86,279. The company has a market capitalization of $283.54 million, a P/E ratio of 12.32 and a beta of 0.36. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.07. Fvcbankcorp has a 1-year low of $11.13 and a 1-year high of $18.41. The stock has a fifty day moving average price of $15.28 and a 200-day moving average price of $14.28.

Fvcbankcorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 18th. Stockholders of record on Monday, April 27th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, April 27th. This is a positive change from Fvcbankcorp's previous quarterly dividend of $0.06. Fvcbankcorp's payout ratio is currently 21.88%.

Analysts Set New Price Targets

Several research firms have weighed in on FVCB. Weiss Ratings upgraded shares of Fvcbankcorp from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, March 10th. Piper Sandler reiterated an "overweight" rating and set a $19.00 price target (up from $18.00) on shares of Fvcbankcorp in a report on Monday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $19.00.

Insider Activity at Fvcbankcorp

In related news, Director Phillip R. Wills III sold 11,462 shares of Fvcbankcorp stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $14.81, for a total value of $169,752.22. Following the completion of the transaction, the director directly owned 53,694 shares of the company's stock, valued at $795,208.14. The trade was a 17.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 28,962 shares of company stock worth $440,494 in the last quarter. 11.16% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC raised its position in shares of Fvcbankcorp by 8.4% during the first quarter. Empowered Funds LLC now owns 61,754 shares of the company's stock worth $653,000 after acquiring an additional 4,793 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Fvcbankcorp during the 1st quarter worth approximately $154,000. Rhumbline Advisers raised its stake in shares of Fvcbankcorp by 5.9% during the second quarter. Rhumbline Advisers now owns 25,279 shares of the company's stock worth $298,000 after buying an additional 1,418 shares during the last quarter. Marshall Wace LLP bought a new position in Fvcbankcorp in the second quarter valued at approximately $293,000. Finally, Alliancebernstein L.P. grew its holdings in Fvcbankcorp by 2.0% during the 2nd quarter. Alliancebernstein L.P. now owns 977,330 shares of the company's stock worth $11,532,000 after acquiring an additional 18,862 shares during the period. Institutional investors own 43.61% of the company's stock.

Fvcbankcorp Company Profile

Fvcbankcorp is a bank holding company headquartered in Warrenton, Virginia, operating through its wholly owned subsidiary, The Fauquier Bank. The company traces its origins to The Fauquier Bank, which was chartered in 2007 to serve local businesses and individuals in Northern Virginia. Fvcbankcorp provides strategic oversight and support to its community banking operations, guiding growth initiatives and ensuring regulatory compliance across its branch network.

The Fauquier Bank offers a comprehensive range of commercial and retail banking products and services.