Insider Selling: Fvcbankcorp (NASDAQ:FVCB) EVP Sells $27,040.00 in Stock

Fvcbankcorp, Inc. (NASDAQ:FVCB) EVP Sharon Jackson sold 2,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $13.52, for a total value of $27,040.00. Following the completion of the sale, the executive vice president directly owned 23,830 shares of the company’s stock, valued at approximately $322,181.60. This trade represents a 7.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Fvcbankcorp Stock Performance

Shares of Fvcbankcorp stock opened at $13.37 on Friday. The stock has a market cap of $241.36 million, a PE ratio of 12.15 and a beta of 0.38. The business has a fifty day simple moving average of $13.05 and a 200-day simple moving average of $11.71. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.08. Fvcbankcorp, Inc. has a 12 month low of $9.49 and a 12 month high of $14.50.

Fvcbankcorp (NASDAQ:FVCB) last issued its earnings results on Tuesday, July 22nd. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. The business had revenue of $16.77 million during the quarter, compared to analysts’ expectations of $16.18 million. Fvcbankcorp had a return on equity of 8.57% and a net margin of 17.08%. On average, sell-side analysts anticipate that Fvcbankcorp, Inc. will post 1.06 EPS for the current fiscal year.

Fvcbankcorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 28th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, July 28th. This represents a $0.24 dividend on an annualized basis and a yield of 1.8%. Fvcbankcorp’s dividend payout ratio (DPR) is presently 21.82%.

Institutional Trading of Fvcbankcorp

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in shares of Fvcbankcorp by 4,559.3% in the first quarter. GAMMA Investing LLC now owns 2,516 shares of the company’s stock worth $27,000 after buying an additional 2,462 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Fvcbankcorp in the second quarter worth about $71,000. Wells Fargo & Company MN lifted its position in shares of 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 buying an additional 2,250 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Fvcbankcorp in the first quarter worth about $154,000. Finally, Bank of America Corp DE lifted its position in shares of Fvcbankcorp by 43.7% in the fourth quarter. Bank of America Corp DE now owns 16,408 shares of the company’s stock worth $206,000 after buying an additional 4,986 shares during the last quarter. Institutional investors and hedge funds own 43.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler raised Fvcbankcorp to an “overweight” rating and set a $16.00 price objective for the company in a research report on Wednesday, July 9th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $16.00.

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.