Fvcbankcorp (NASDAQ:FVCB) Director Sells $94,290.00 in Stock

Fvcbankcorp, Inc. (NASDAQ:FVCB) Director Devin Satz sold 7,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $13.47, for a total value of $94,290.00. Following the completion of the transaction, the director owned 142,173 shares of the company’s stock, valued at approximately $1,915,070.31. This trade represents a 4.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Devin Satz also recently made the following trade(s):

• On Tuesday, August 12th, Devin Satz sold 5,000 shares of Fvcbankcorp stock. The shares were sold at an average price of $12.84, for a total value of $64,200.00.

Fvcbankcorp Trading Up 0.4%

Fvcbankcorp stock opened at $13.64 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.01 and a quick ratio of 1.01. Fvcbankcorp, Inc. has a one year low of $9.49 and a one year high of $14.50. The stock has a market capitalization of $246.20 million, a PE ratio of 12.40 and a beta of 0.39. The business’s fifty day moving average is $12.79 and its 200 day moving average is $11.65.

Fvcbankcorp (NASDAQ:FVCB) last announced its earnings results on Tuesday, July 22nd. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.02. The business had revenue of $16.77 million for the quarter, compared to analysts’ expectations of $16.18 million. Fvcbankcorp had a return on equity of 8.70% and a net margin of 17.08%. On average, sell-side analysts predict that Fvcbankcorp, Inc. will post 1.06 EPS for the current year.

Fvcbankcorp Dividend Announcement

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

Hedge Funds Weigh In On Fvcbankcorp

A number of institutional investors and hedge funds have recently modified their holdings of FVCB. GAMMA Investing LLC boosted its holdings in shares of Fvcbankcorp by 4,559.3% in the 1st quarter. GAMMA Investing LLC now owns 2,516 shares of the company’s stock worth $27,000 after purchasing an additional 2,462 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of Fvcbankcorp in the 2nd quarter worth approximately $71,000. Wells Fargo & Company MN boosted its holdings in shares of Fvcbankcorp by 29.9% in the 4th quarter. Wells Fargo & Company MN now owns 9,783 shares of the company’s stock worth $123,000 after purchasing an additional 2,250 shares during the period. Jane Street Group LLC purchased a new position in shares of Fvcbankcorp in the 1st quarter worth approximately $154,000. Finally, Bank of America Corp DE boosted its holdings in Fvcbankcorp by 43.7% during the 4th quarter. Bank of America Corp DE now owns 16,408 shares of the company’s stock valued at $206,000 after acquiring an additional 4,986 shares during the period. Hedge funds and other institutional investors own 43.61% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised Fvcbankcorp to an “overweight” rating and set a $16.00 target price on the stock in a research note on Wednesday, July 9th. One equities 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.

Fvcbankcorp Company Profile

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.