Fvcbankcorp (NASDAQ:FVCB) Shares Down 0.5% – Here’s What Happened

Fvcbankcorp, Inc. (NASDAQ:FVCB) 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 changed hands 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.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FVCB. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fvcbankcorp in a report on Tuesday, September 22nd. Piper Sandler boosted their price objective on Fvcbankcorp from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Fvcbankcorp presently has a consensus rating of “Buy” and an average target price of $21.00.

Fvcbankcorp Stock Performance

The firm’s 50-day simple moving average is $18.33 and its two-hundred day simple moving average is $16.97. 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 stock has a market capitalization of $314.64 million, a PE ratio of 12.30 and a beta of 0.34.

Fvcbankcorp (NASDAQ:FVCB) last issued its earnings results on Tuesday, July 21st. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.36 by $0.06. The business had revenue of $21.30 million during the quarter, compared to analysts’ expectations of $19.32 million. Fvcbankcorp had a return on equity of 9.80% and a net margin of 20.45%. On average, equities research analysts expect that Fvcbankcorp, Inc. will post 1.58 earnings per share for the current fiscal year.

Fvcbankcorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, July 27th were issued a $0.07 dividend. The ex-dividend date was Monday, July 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.6%. Fvcbankcorp’s dividend payout ratio is currently 19.72%.

Insider Activity at Fvcbankcorp

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

Institutional Trading of Fvcbankcorp

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Fvcbankcorp during the 2nd quarter worth $19,064,000. Empowered Funds LLC bought a new stake in Fvcbankcorp during the second quarter valued at about $1,408,000. Algert Global LLC acquired a new stake in shares of Fvcbankcorp in the second quarter valued at about $3,809,000. Bank of New York Mellon Corp acquired a new stake in shares of Fvcbankcorp in the second quarter valued at about $705,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Fvcbankcorp in the second quarter worth about $1,697,000. 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.