Fvcbankcorp (NASDAQ:FVCB) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Fvcbankcorp (NASDAQ:FVCB) issued its quarterly earnings results on Tuesday. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02, Zacks reports. The company had revenue of $0.88 million for the quarter, compared to the consensus estimate of $18.24 million. Fvcbankcorp had a net margin of 18.85% and a return on equity of 9.33%.

Fvcbankcorp Price Performance

Fvcbankcorp stock opened at $15.73 on Thursday. The stock has a market cap of $282.83 million, a price-to-earnings ratio of 12.29 and a beta of 0.36. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.02 and a quick ratio of 1.02. Fvcbankcorp has a 1 year low of $10.77 and a 1 year high of $17.94. The firm has a 50-day moving average of $15.29 and a two-hundred day moving average of $14.09.

Fvcbankcorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 18th. Shareholders of record on Monday, April 27th will be given a $0.07 dividend. This is a positive change from Fvcbankcorp’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, April 27th. This represents a $0.28 annualized dividend and a yield of 1.8%. Fvcbankcorp’s dividend payout ratio is presently 19.83%.

Analysts Set New Price Targets

Several equities analysts recently commented on FVCB shares. Weiss Ratings upgraded shares of Fvcbankcorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, March 10th. Piper Sandler reiterated an “overweight” rating and set a $18.00 price target (up from $16.00) on shares of Fvcbankcorp in a report on Thursday, February 12th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.00.

Insider Transactions at Fvcbankcorp

In other Fvcbankcorp news, Director Phillip R. Wills III sold 11,462 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $14.81, for a total value of $169,752.22. Following the completion of the sale, the director directly owned 53,694 shares of the company’s stock, valued at $795,208.14. The trade was a 17.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 27,462 shares of company stock valued at $417,034. 11.16% of the stock is owned by insiders.

Institutional Investors Weigh In On Fvcbankcorp

Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its position in Fvcbankcorp by 115.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,964 shares of the company’s stock valued at $38,000 after buying an additional 1,589 shares during the period. BNP Paribas Financial Markets boosted its position in Fvcbankcorp by 138.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,254 shares of the company’s stock valued at $55,000 after buying an additional 2,468 shares during the period. Tower Research Capital LLC TRC purchased a new stake in Fvcbankcorp in the 2nd quarter valued at about $71,000. Invesco Ltd. purchased a new stake in Fvcbankcorp in the 4th quarter valued at about $140,000. Finally, Jane Street Group LLC purchased a new stake in Fvcbankcorp in the 1st quarter valued at about $154,000. 43.61% of the stock is owned by hedge funds and other institutional investors.

About Fvcbankcorp

Fvcbankcorp is a bank holding company headquartered in Warrenton, Virginia, operating through its wholly owned subsidiary, The Fauquier Bank. The company traces its origins to The Fauquier Bank, which was chartered in 2007 to serve local businesses and individuals in Northern Virginia. Fvcbankcorp provides strategic oversight and support to its community banking operations, guiding growth initiatives and ensuring regulatory compliance across its branch network.

The Fauquier Bank offers a comprehensive range of commercial and retail banking products and services.