Fvcbankcorp (NASDAQ:FVCB) Upgraded to "Overweight" at Piper Sandler

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

Fvcbankcorp Stock Up 1.5%

NASDAQ:FVCB traded up $0.19 during trading hours on Wednesday, hitting $13.20. 78,490 shares of the company's stock traded hands, compared to its average volume of 30,339. The firm has a market cap 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. 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 $11.83 and its two-hundred day moving average price is $11.44.

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. Fvcbankcorp had a return on equity of 8.18% and a net margin of 16.03%. The firm had revenue of $15.72 million for the quarter, compared to analyst estimates of $16.09 million. 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 hedge funds have recently made changes to their positions in FVCB. FJ Capital Management LLC lifted its position in shares of Fvcbankcorp by 0.9% during the 1st quarter. FJ Capital Management LLC now owns 1,637,664 shares of the company's stock worth $17,310,000 after buying an additional 14,776 shares during the period. Geode Capital Management LLC increased its stake 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 buying an additional 1,034 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Fvcbankcorp by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 225,590 shares of the company's stock valued at $2,836,000 after buying an additional 5,956 shares during the period. Rhino Investment Partners Inc increased its stake in shares of Fvcbankcorp by 2,310.7% in the 4th quarter. Rhino Investment Partners Inc now owns 219,205 shares of the company's stock valued at $2,755,000 after buying an additional 210,112 shares during the period. Finally, Bridgeway Capital Management LLC increased its stake in shares of Fvcbankcorp by 1.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 152,625 shares of the company's stock valued at $1,918,000 after buying an additional 2,756 shares during the period. Institutional investors and hedge funds own 43.61% of the company's stock.

Fvcbankcorp Company Profile

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.