Chevy Chase Trust Holdings LLC Increases Stock Position in Fvcbankcorp, Inc. $FVCB

Chevy Chase Trust Holdings LLC boosted its stake in Fvcbankcorp, Inc. (NASDAQ:FVCB) by 6.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,937 shares of the company’s stock after acquiring an additional 1,250 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.12% of Fvcbankcorp worth $247,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FVCB. GAMMA Investing LLC lifted its position in Fvcbankcorp by 4,559.3% in the first quarter. GAMMA Investing LLC now owns 2,516 shares of the company’s stock valued at $27,000 after acquiring an additional 2,462 shares during the last quarter. Jane Street Group LLC purchased a new stake in Fvcbankcorp in the first quarter valued at $154,000. Nuveen LLC purchased a new position in shares of Fvcbankcorp during the first quarter worth approximately $480,000. Bank of New York Mellon Corp grew its position in shares of Fvcbankcorp by 5.8% during the first quarter. Bank of New York Mellon Corp now owns 51,620 shares of the company’s stock worth $546,000 after acquiring an additional 2,836 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of 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 during the last quarter. 43.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Fvcbankcorp in a report on Wednesday, October 8th. Piper Sandler raised shares of Fvcbankcorp to an “overweight” rating and set a $16.00 target price for the company in a report on Wednesday, July 9th. Finally, Zacks Research lowered shares of Fvcbankcorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 25th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fvcbankcorp has an average rating of “Hold” and a consensus price target of $16.00.

Insider Activity

In other Fvcbankcorp news, EVP Sharon L. Jackson sold 2,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $13.52, for a total transaction of $27,040.00. Following the transaction, the executive vice president directly owned 23,830 shares in the company, valued at approximately $322,181.60. This represents a 7.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Devin Satz sold 7,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $13.47, for a total transaction of $94,290.00. Following the transaction, the director owned 142,173 shares in the company, valued at $1,915,070.31. The trade was a 4.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,804 shares of company stock worth $209,000 over the last 90 days. 13.99% of the stock is currently owned by company insiders.

Fvcbankcorp Trading Up 1.2%

Shares of Fvcbankcorp stock opened at $12.24 on Wednesday. Fvcbankcorp, Inc. has a 52-week low of $9.49 and a 52-week high of $14.50. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.08. The company’s 50-day simple moving average is $13.06 and its 200-day simple moving average is $12.22. The firm has a market cap of $220.93 million, a price-to-earnings ratio of 11.13 and a beta of 0.35.

Fvcbankcorp (NASDAQ:FVCB) last issued its quarterly earnings results on Thursday, June 2nd. The company reported $0.48 earnings per share (EPS) for the quarter. Fvcbankcorp had a net margin of 17.08% and a return on equity of 8.57%. The business had revenue of $14.83 million for the quarter. As a group, equities research analysts anticipate that Fvcbankcorp, Inc. will post 1.06 earnings per share for the current year.

Fvcbankcorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 27th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, October 27th. Fvcbankcorp’s dividend payout ratio is presently 21.82%.

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.