Fvcbankcorp (NASDAQ:FVCB) Shares Down 0.5% - Time to Sell?

Key Points

• FVCB shares fell 0.5% to $17.70 in mid-day trading, with volume below the stock’s average session level.
• Analysts remain positive, with a consensus “Buy” rating and a $21.00 price target; Piper Sandler recently raised its target from $19 to $21.
• The company exceeded quarterly earnings and revenue expectations, reported a 20.45% net margin, and pays a quarterly dividend of $0.07 per share, yielding approximately 1.6%.

Fvcbankcorp, Inc. (NASDAQ:FVCB - Get Free Report)'s share price traded down 0.5% during mid-day trading on Monday. The company traded as low as $17.63 and last traded at $17.70. 53,525 shares were traded during mid-day trading, a decline of 22% from the average session volume of 68,190 shares. The stock had previously closed at $17.79.

Analysts Set New Price Targets

FVCB has been the subject of a number of research reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Fvcbankcorp in a research report on Tuesday, September 22nd. Piper Sandler boosted their price target on shares of Fvcbankcorp from $19.00 to $21.00 and gave the company an "overweight" rating in a research report on Monday, July 27th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $21.00.

Fvcbankcorp Stock Down 0.5%

The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The firm has a market cap of $319.13 million, a P/E ratio of 12.46 and a beta of 0.34. The stock's fifty day moving average is $18.35 and its two-hundred day moving average is $16.95.

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. The firm had revenue of $21.30 million during the quarter, compared to the consensus estimate of $19.32 million. Fvcbankcorp had a net margin of 20.45% and a return on equity of 9.80%. As a group, research analysts anticipate that Fvcbankcorp, Inc. will post 1.58 earnings per share for the current year.

Fvcbankcorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, July 27th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, July 27th. This represents a $0.28 annualized dividend and a yield of 1.6%. Fvcbankcorp's dividend payout ratio (DPR) is currently 19.72%.

Insider Activity

In other Fvcbankcorp news, Director Scott Laughlin sold 8,100 shares of the company's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $18.55, for a total value of $150,255.00. Following the transaction, the director directly owned 174,421 shares in the company, valued at $3,235,509.55. This represents a 4.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sharon Jackson sold 1,400 shares of Fvcbankcorp stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $18.62, for a total value of $26,068.00. Following the sale, the executive vice president owned 22,424 shares of the company's stock, valued at approximately $417,534.88. This trade represents a 5.88% decrease in their position. The SEC filing for this sale provides additional information. 11.16% of the stock is owned by insiders.

Hedge Funds Weigh In On Fvcbankcorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Fvcbankcorp during the 2nd quarter worth $19,064,000. Ategra Capital Management LLC purchased a new position in Fvcbankcorp in the second quarter worth $7,643,000. Algert Global LLC bought a new position in Fvcbankcorp in the second quarter valued at $3,809,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Fvcbankcorp in the second quarter valued at $1,697,000. Finally, Empowered Funds LLC purchased a new stake in Fvcbankcorp during the second quarter valued at about $1,408,000. Hedge funds and other institutional investors own 43.61% of the company's stock.

About Fvcbankcorp

FVCbankcorp, Inc is the bank holding company for FVCbank, a community-focused financial institution headquartered in Fairfax, Virginia. Through its banking subsidiary, the company provides financial services to businesses, professionals, nonprofit organizations and individuals in Northern Virginia and the greater Washington, DC, metropolitan area.

FVCbank offers commercial and retail banking products, including checking and savings accounts, certificates of deposit, commercial real estate loans, construction and development financing, business loans, residential real estate lending and consumer loans.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.