Fvcbankcorp (NASDAQ:FVCB) Issues Quarterly Earnings Results, Beats Expectations By $998.67 EPS
by Renee Jackson · The Cerbat GemFvcbankcorp (NASDAQ:FVCB – Get Free Report) released its earnings results on Tuesday. The company reported $999.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $998.67, Zacks reports. Fvcbankcorp had a net margin of 18.08% and a return on equity of 8.84%.
Fvcbankcorp Price Performance
FVCB stock traded down $0.25 during midday trading on Tuesday, hitting $15.36. The company’s stock had a trading volume of 75,030 shares, compared to its average volume of 66,253. Fvcbankcorp has a 12 month low of $9.94 and a 12 month high of $17.94. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $276.17 million, a price-to-earnings ratio of 12.69 and a beta of 0.36. The company has a 50 day moving average of $15.30 and a two-hundred day moving average of $14.05.
Fvcbankcorp Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 18th. Shareholders of record on Monday, April 27th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, April 27th. This is a positive change from Fvcbankcorp’s previous quarterly dividend of $0.06. Fvcbankcorp’s dividend payout ratio is currently 19.83%.
Insiders Place Their Bets
In other Fvcbankcorp news, Director Phillip R. Wills III sold 11,462 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $14.81, for a total value of $169,752.22. Following the completion of the transaction, the director directly owned 53,694 shares in the company, valued at $795,208.14. This represents a 17.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 27,462 shares of company stock valued at $417,034. Corporate insiders own 11.16% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Bridgeway Capital Management LLC boosted its position in shares of Fvcbankcorp by 5.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 169,571 shares of the company’s stock valued at $2,359,000 after acquiring an additional 8,494 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Fvcbankcorp by 21.3% during the 4th quarter. Renaissance Technologies LLC now owns 84,775 shares of the company’s stock valued at $1,179,000 after acquiring an additional 14,900 shares during the last quarter. Millennium Management LLC boosted its position in shares of Fvcbankcorp by 52.8% during the 3rd quarter. Millennium Management LLC now owns 72,568 shares of the company’s stock valued at $941,000 after acquiring an additional 25,075 shares during the last quarter. Squarepoint Ops LLC boosted its position in shares of Fvcbankcorp by 77.2% during the 4th quarter. Squarepoint Ops LLC now owns 35,135 shares of the company’s stock valued at $489,000 after acquiring an additional 15,309 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Fvcbankcorp by 22.4% during the 4th quarter. AQR Capital Management LLC now owns 34,459 shares of the company’s stock valued at $479,000 after acquiring an additional 6,306 shares during the last quarter. 43.61% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Piper Sandler restated an “overweight” rating and issued a $18.00 price target (up from $16.00) on shares of Fvcbankcorp in a research note on Thursday, February 12th. Weiss Ratings upgraded Fvcbankcorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, March 10th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.
Get Our Latest Research Report on Fvcbankcorp
Fvcbankcorp Company Profile
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.