Key Points
- Director Scott Laughlin sold 8,100 FVCB shares at an average price of $18.55, generating $150,255. Following the transaction, he retained 174,421 shares, a 4.44% reduction in his holdings.
- FVCB recently reported quarterly EPS of $0.42, exceeding analyst expectations of $0.36, while revenue of $21.30 million also surpassed estimates. The stock opened at $18.54, near its 52-week high of $19.11.
- The company maintains a quarterly dividend of $0.07 per share, representing a 1.5% yield, while analysts hold a “Moderate Buy” consensus and an average price target of $21.00.
Fvcbankcorp, Inc. (NASDAQ:FVCB - Get Free Report) 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 directly owned 174,421 shares in the company, valued at approximately $3,235,509.55. This trade represents a 4.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Fvcbankcorp Stock Down 0.2%
FVCB stock opened at $18.54 on Tuesday. The company has a market cap of $334.28 million, a PE ratio of 13.06 and a beta of 0.33. The business has a 50-day simple moving average of $17.92 and a 200 day simple moving average of $16.38. Fvcbankcorp, Inc. has a 52 week low of $11.83 and a 52 week high of $19.11. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09.
Fvcbankcorp (NASDAQ:FVCB - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.06. Fvcbankcorp had a net margin of 20.45% and a return on equity of 9.91%. The firm had revenue of $21.30 million for the quarter, compared to the consensus estimate of $19.32 million. Sell-side analysts anticipate that Fvcbankcorp, Inc. will post 1.5 EPS for the current fiscal year.
Fvcbankcorp Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, July 27th were given a dividend of $0.07 per share. The ex-dividend date was Monday, July 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. Fvcbankcorp's dividend payout ratio (DPR) is currently 19.72%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc acquired a new stake in shares of Fvcbankcorp in the 2nd quarter valued at approximately $26,000. Russell Investments Group Ltd. increased its position in Fvcbankcorp by 115.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,964 shares of the company's stock worth $38,000 after purchasing an additional 1,589 shares in the last quarter. BNP Paribas Financial Markets increased its position in Fvcbankcorp by 138.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,254 shares of the company's stock worth $55,000 after purchasing an additional 2,468 shares in the last quarter. California State Teachers Retirement System lifted its stake in Fvcbankcorp by 340.6% in the 2nd quarter. California State Teachers Retirement System now owns 3,675 shares of the company's stock valued at $64,000 after purchasing an additional 2,841 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in Fvcbankcorp in the 2nd quarter valued at approximately $71,000. Institutional investors own 43.61% of the company's stock.
Analysts Set New Price Targets
A number of brokerages recently issued reports on FVCB. Weiss Ratings reissued a "buy (b)" rating on shares of Fvcbankcorp in a research note on Friday, June 26th. Piper Sandler raised their target price on Fvcbankcorp from $19.00 to $21.00 and gave the company an "overweight" rating in a report on Monday, July 27th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $21.00.
Get Our Latest Stock Report on Fvcbankcorp
About Fvcbankcorp
(
Get Free Report)
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.
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