Insider Selling: Fvcbankcorp, Inc. (NASDAQ:FVCB) Director Sells 1,151 Shares of Stock

Key Points

• Scott Laughlin, a director at Fvcbankcorp, sold 1,151 shares of stock at an average price of $12.84, totaling approximately $14,778.84, which decreased his position by 0.63%.
• Fvcbankcorp recently announced a quarterly dividend of $0.06 per share, representing an annualized yield of 1.9% and a payout ratio of 21.82%.
• Wall Street analysts, including Piper Sandler, have raised Fvcbankcorp's rating to "overweight" with a price target of $16.00, indicating potential growth in the company's stock.

Fvcbankcorp, Inc. (NASDAQ:FVCB - Get Free Report) Director Scott Laughlin sold 1,151 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $12.84, for a total value of $14,778.84. Following the completion of the transaction, the director owned 180,521 shares of the company's stock, valued at approximately $2,317,889.64. This represents a 0.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Fvcbankcorp Price Performance

NASDAQ:FVCB traded down $0.32 during mid-day trading on Friday, reaching $12.49. The stock had a trading volume of 48,978 shares, compared to its average volume of 36,627. The firm has a 50 day moving average price of $12.26 and a two-hundred day moving average price of $11.55. The stock has a market capitalization of $224.72 million, a P/E ratio of 11.35 and a beta of 0.35. Fvcbankcorp, Inc. has a one year low of $9.49 and a one year high of $14.50. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.01 and a current ratio of 1.01.

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.02. Fvcbankcorp had a return on equity of 8.70% and a net margin of 17.08%. The company had revenue of $16.77 million during the quarter, compared to the consensus estimate of $16.18 million. As a group, analysts expect that Fvcbankcorp, Inc. will post 1.06 earnings per share for the current year.

Fvcbankcorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Monday, July 28th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, July 28th. This represents a $0.24 annualized dividend and a dividend yield of 1.9%. Fvcbankcorp's payout ratio is 21.82%.

Hedge Funds Weigh In On Fvcbankcorp

Several hedge funds have recently made changes to their positions in FVCB. GAMMA Investing LLC increased its stake in shares of Fvcbankcorp by 4,559.3% during the first quarter. GAMMA Investing LLC now owns 2,516 shares of the company's stock valued at $27,000 after buying an additional 2,462 shares during the period. Wells Fargo & Company MN boosted its holdings in Fvcbankcorp by 29.9% in the fourth quarter. Wells Fargo & Company MN now owns 9,783 shares of the company's stock worth $123,000 after acquiring an additional 2,250 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Fvcbankcorp during the first quarter valued at $154,000. Bank of America Corp DE lifted its holdings in Fvcbankcorp by 43.7% in the fourth quarter. Bank of America Corp DE now owns 16,408 shares of the company's stock valued at $206,000 after acquiring an additional 4,986 shares during the period. Finally, Chevy Chase Trust Holdings LLC lifted its holdings in Fvcbankcorp by 6.3% in the second quarter. Chevy Chase Trust Holdings LLC now owns 20,937 shares of the company's stock valued at $247,000 after acquiring an additional 1,250 shares during the period. 43.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler raised shares of Fvcbankcorp to an "overweight" rating and set a $16.00 price target for the company in a report on Wednesday, July 9th.

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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