Fvcbankcorp (NASDAQ:FVCB) Upgraded by Piper Sandler to Overweight Rating

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) was upgraded by investment analysts at Piper Sandler to an "overweight" rating in a report issued on Wednesday, MarketBeat.com reports. The brokerage presently has a $16.00 target price on the stock. Piper Sandler's price target would indicate a potential upside of 21.21% from the stock's previous close.

Fvcbankcorp Trading Up 1.5%

NASDAQ FVCB traded up $0.19 on Wednesday, hitting $13.20. 78,490 shares of the company were exchanged, compared to its average volume of 30,329. The company's 50 day moving average price is $11.83 and its 200-day moving average price is $11.45. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $237.47 million, a P/E ratio of 12.94 and a beta of 0.35. Fvcbankcorp has a twelve month low of $9.49 and a twelve month high of $14.50.

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. The firm had revenue of $15.72 million for the quarter, compared to the consensus estimate of $16.09 million. Fvcbankcorp had a return on equity of 8.18% and a net margin of 16.03%. Analysts predict that Fvcbankcorp will post 1.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fvcbankcorp

A number of large investors have recently made changes to their positions in FVCB. Bank of New York Mellon Corp increased its holdings in shares of Fvcbankcorp by 18.9% in the 4th quarter. Bank of New York Mellon Corp now owns 48,784 shares of the company's stock valued at $613,000 after purchasing an additional 7,743 shares during the period. Hughes Financial Services LLC acquired a new position in shares of Fvcbankcorp in the 4th quarter valued at about $132,000. JPMorgan Chase & Co. increased its holdings in shares of Fvcbankcorp by 128.8% in the 4th quarter. JPMorgan Chase & Co. now owns 56,347 shares of the company's stock valued at $708,000 after purchasing an additional 31,719 shares during the period. Geode Capital Management LLC increased its holdings in shares of Fvcbankcorp by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 358,604 shares of the company's stock valued at $4,508,000 after purchasing an additional 1,034 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Fvcbankcorp by 29.9% in the 4th quarter. Wells Fargo & Company MN now owns 9,783 shares of the company's stock valued at $123,000 after purchasing an additional 2,250 shares during the period. Institutional investors and hedge funds 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.