Fvcbankcorp (NASDAQ:FVCB) Issues Quarterly Earnings Results

Key Points

• Fvcbankcorp reported $0.31 earnings per share for the quarter, matching analysts' expectations, with a return on equity of 8.57% and net margin of 17.08%.
• The company declared a quarterly dividend of $0.06, representing a 2.0% yield, to be paid on November 17th to stockholders of record on October 27th.
• Analysts have mixed ratings for the stock, with one Buy rating and two Hold ratings, while the average target price is $16.00.

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31, Zacks reports. Fvcbankcorp had a return on equity of 8.57% and a net margin of 17.08%.

Fvcbankcorp Trading Up 0.7%

Shares of FVCB traded up $0.08 during trading hours on Tuesday, hitting $12.18. The company had a trading volume of 13,570 shares, compared to its average volume of 35,253. The firm has a market cap of $219.85 million, a P/E ratio of 11.07 and a beta of 0.35. The stock's 50 day moving average price is $13.08 and its 200 day moving average price is $12.22. 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 has a 52-week low of $9.49 and a 52-week high of $14.50.

Fvcbankcorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 27th will be issued a $0.06 dividend. The ex-dividend date is Monday, October 27th. This represents a $0.24 annualized dividend and a dividend yield of 2.0%. Fvcbankcorp's payout ratio is currently 21.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Piper Sandler raised Fvcbankcorp to an "overweight" rating and set a $16.00 price target for the company in a research note on Wednesday, July 9th. Zacks Research lowered Fvcbankcorp from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 25th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Fvcbankcorp in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $16.00.

Insider Transactions at Fvcbankcorp

In related news, Director Devin Satz sold 7,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $13.47, for a total transaction of $94,290.00. Following the transaction, the director owned 142,173 shares in the company, valued at $1,915,070.31. The trade was a 4.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Sharon L. Jackson sold 2,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $13.52, for a total value of $27,040.00. Following the transaction, the executive vice president owned 23,830 shares in the company, valued at approximately $322,181.60. This represents a 7.74% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,804 shares of company stock worth $209,000. 13.99% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC purchased a new position in Fvcbankcorp during the 2nd quarter valued at about $71,000. Jane Street Group LLC purchased a new position in Fvcbankcorp during the 1st quarter valued at about $154,000. Marshall Wace LLP purchased a new position in Fvcbankcorp during the 2nd quarter valued at about $293,000. Rhumbline Advisers increased its holdings in Fvcbankcorp by 5.9% during the 2nd quarter. Rhumbline Advisers now owns 25,279 shares of the company's stock valued at $298,000 after purchasing an additional 1,418 shares during the period. Finally, Empowered Funds LLC grew its holdings in shares of Fvcbankcorp by 8.4% during the 1st 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 period. Hedge funds and other institutional investors own 43.61% of the company's stock.

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.

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