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 reports. The brokerage presently has a $16.00 price target on the stock. Piper Sandler's target price suggests a potential upside of 22.98% from the company's current price.
Fvcbankcorp Stock Down 2.0%
NASDAQ:FVCB traded down $0.27 during trading hours on Wednesday, hitting $13.01. 27,879 shares of the company's stock traded hands, compared to its average volume of 30,137. Fvcbankcorp has a twelve month low of $9.49 and a twelve month high of $14.50. The firm has a market cap of $234.05 million, a P/E ratio of 12.76 and a beta of 0.35. 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 stock's fifty day moving average price is $11.80 and its two-hundred day moving average price is $11.44.
Fvcbankcorp (NASDAQ:FVCB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. The business had revenue of $15.72 million during the quarter, compared to analyst estimates of $16.09 million. Fvcbankcorp had a return on equity of 8.18% and a net margin of 16.03%. On average, research analysts expect that Fvcbankcorp will post 1.06 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of FVCB. Jane Street Group LLC bought a new stake in shares of Fvcbankcorp in the 1st quarter valued at approximately $154,000. Empowered Funds LLC raised its stake in Fvcbankcorp by 8.4% during the first quarter. Empowered Funds LLC now owns 61,754 shares of the company's stock worth $653,000 after acquiring an additional 4,793 shares in the last quarter. FJ Capital Management LLC lifted its holdings in shares of Fvcbankcorp by 0.9% during the first quarter. FJ Capital Management LLC now owns 1,637,664 shares of the company's stock valued at $17,310,000 after acquiring an additional 14,776 shares during the period. Nuveen LLC bought a new position in shares of Fvcbankcorp during the first quarter valued at $480,000. Finally, Modera Wealth Management LLC acquired a new stake in shares of Fvcbankcorp in the 1st quarter valued at $831,000. 43.61% of the stock is currently owned by institutional investors and hedge funds.
Fvcbankcorp Company Profile
(
Get Free Report)
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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