Fvcbankcorp (NASDAQ:FVCB) EVP Sells $26,068.00 in Stock

Key Points

• Executive sale: EVP Sharon Jackson sold 1,400 FVCB shares for $26,068, reducing her direct ownership by 5.88% to 22,424 shares.
• Strong quarterly results: Fvcbankcorp reported quarterly EPS of $0.42, exceeding estimates of $0.36, while revenue of $21.30 million also topped expectations.
• Analyst outlook remains positive: Piper Sandler raised its price target to $21, and the stock carries a “Moderate Buy” consensus rating with a $21 average target. The company also pays a quarterly dividend of $0.07.

Fvcbankcorp, Inc. (NASDAQ:FVCB - Get Free Report) EVP Sharon Jackson sold 1,400 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $18.62, for a total value of $26,068.00. Following the completion of the sale, the executive vice president directly owned 22,424 shares in the company, valued at $417,534.88. This represents a 5.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fvcbankcorp Stock Performance

Shares of FVCB traded down $0.13 during midday trading on Tuesday, hitting $18.41. 40,878 shares of the stock traded hands, compared to its average volume of 126,391. Fvcbankcorp, Inc. has a 1-year low of $11.83 and a 1-year high of $19.11. The firm has a market capitalization of $331.93 million, a PE ratio of 12.96 and a beta of 0.33. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. The business's 50 day moving average price is $17.92 and its two-hundred day moving average price is $16.38.

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.36 by $0.06. The business had revenue of $21.30 million during the quarter, compared to analyst estimates of $19.32 million. Fvcbankcorp had a net margin of 20.45% and a return on equity of 9.91%. Equities research analysts predict that Fvcbankcorp, Inc. will post 1.5 EPS for the current fiscal year.

Fvcbankcorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, July 27th were given a $0.07 dividend. The ex-dividend date was Monday, July 27th. This represents a $0.28 annualized dividend and a yield of 1.5%. Fvcbankcorp's dividend payout ratio is 19.72%.

Hedge Funds Weigh In On Fvcbankcorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Fvcbankcorp in the 2nd quarter worth $19,064,000. Fourthstone LLC boosted its stake in Fvcbankcorp by 19.6% during the fourth quarter. Fourthstone LLC now owns 1,088,952 shares of the company's stock valued at $15,147,000 after buying an additional 178,132 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Fvcbankcorp by 1.1% during the third quarter. Alliancebernstein L.P. now owns 988,020 shares of the company's stock worth $12,815,000 after acquiring an additional 10,690 shares during the period. Ategra Capital Management LLC acquired a new position in Fvcbankcorp during the second quarter worth about $7,643,000. Finally, Dimensional Fund Advisors LP raised its position in Fvcbankcorp by 6.5% in the first quarter. Dimensional Fund Advisors LP now owns 302,167 shares of the company's stock worth $4,590,000 after acquiring an additional 18,550 shares in the last quarter. 43.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FVCB has been the topic of a number of recent analyst reports. Piper Sandler lifted their price target on Fvcbankcorp from $19.00 to $21.00 and gave the company an "overweight" rating in a report on Monday, July 27th. Weiss Ratings reissued a "buy (b)" rating on shares of Fvcbankcorp in a report on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Fvcbankcorp has an average rating of "Moderate Buy" and a consensus target price of $21.00.

About Fvcbankcorp

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source