Renaissance Technologies LLC Raises Position in Fvcbankcorp, Inc. $FVCB

Renaissance Technologies LLC grew its position in shares of Fvcbankcorp, Inc. (NASDAQ:FVCB) by 37.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 116,475 shares of the company’s stock after acquiring an additional 31,700 shares during the period. Renaissance Technologies LLC owned about 0.65% of Fvcbankcorp worth $1,769,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FVCB. Bank of New York Mellon Corp grew its holdings in Fvcbankcorp by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 35,589 shares of the company’s stock worth $541,000 after purchasing an additional 831 shares during the period. Rhumbline Advisers lifted its holdings in shares of Fvcbankcorp by 5.9% during the second quarter. Rhumbline Advisers now owns 25,279 shares of the company’s stock valued at $298,000 after purchasing an additional 1,418 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Fvcbankcorp by 115.6% in 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. Barclays PLC boosted its position in shares of Fvcbankcorp by 6.1% in the 4th quarter. Barclays PLC now owns 32,710 shares of the company’s stock worth $455,000 after purchasing an additional 1,891 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Fvcbankcorp by 18.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,915 shares of the company’s stock worth $193,000 after buying an additional 2,299 shares during the last quarter. Institutional investors own 43.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FVCB shares. Weiss Ratings restated a “buy (b)” rating on shares of Fvcbankcorp in a research note on Friday, June 26th. Piper Sandler upped their target price on shares of Fvcbankcorp from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.00.

Fvcbankcorp Trading Up 0.4%

Fvcbankcorp stock opened at $18.60 on Wednesday. The business has a 50-day simple moving average of $17.51 and a two-hundred day simple moving average of $16.16. The company has a market cap of $335.36 million, a P/E ratio of 13.10 and a beta of 0.33. 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) last released its quarterly earnings results on Tuesday, July 21st. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. Fvcbankcorp had a net margin of 20.45% and a return on equity of 9.91%. The business had revenue of $21.30 million for the quarter, compared to the consensus estimate of $19.32 million. Analysts predict that Fvcbankcorp, Inc. will post 1.5 EPS for the current year.

Fvcbankcorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, July 27th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, July 27th. Fvcbankcorp’s dividend payout ratio is presently 19.72%.

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.