Fvcbankcorp, Inc. (NASDAQ:FVCB) Director Sells $14,778.84 in 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 Fvcbankcorp stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $12.84, for a total transaction of $14,778.84. Following the transaction, the director directly owned 180,521 shares of the company's stock, valued at approximately $2,317,889.64. This trade represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Fvcbankcorp Trading Down 0.8%

Shares of Fvcbankcorp stock traded down $0.10 on Tuesday, hitting $12.42. The stock had a trading volume of 6,746 shares, compared to its average volume of 36,407. The stock has a 50 day moving average of $12.30 and a 200 day moving average of $11.55. Fvcbankcorp, Inc. has a twelve month low of $9.49 and a twelve month 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. The firm has a market capitalization of $223.44 million, a P/E ratio of 11.27 and a beta of 0.39.

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

Fvcbankcorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, July 28th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, July 28th. This represents a $0.24 annualized dividend and a yield of 1.9%. Fvcbankcorp's dividend payout ratio (DPR) is 21.82%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. 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 shares of Fvcbankcorp by 43.7% during the fourth quarter. Bank of America Corp DE now owns 16,408 shares of the company's stock valued at $206,000 after purchasing an additional 4,986 shares in the last quarter. 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. Hedge funds and other institutional investors own 43.61% of the company's stock.

Analysts Set New Price Targets

Separately, Piper Sandler raised shares of Fvcbankcorp to an "overweight" rating and set a $16.00 target price for the company in a research 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.