Fauquier Bankshares (NASDAQ:FBSS) Upgraded to “Hold” by ValuEngine

ValuEngine upgraded shares of Fauquier Bankshares (NASDAQ:FBSS) from a sell rating to a hold rating in a research report sent to investors on Saturday, ValuEngine reports.

Shares of FBSS stock opened at $19.49 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.98 and a quick ratio of 0.98. The firm’s 50-day moving average is $20.63 and its two-hundred day moving average is $21.10. Fauquier Bankshares has a 12 month low of $17.21 and a 12 month high of $26.90. The company has a market capitalization of $74.79 million, a PE ratio of 12.27 and a beta of 0.47.

Fauquier Bankshares (NASDAQ:FBSS) last issued its earnings results on Friday, July 19th. The financial services provider reported $0.41 EPS for the quarter. Fauquier Bankshares had a net margin of 18.05% and a return on equity of 9.96%. The company had revenue of $7.48 million for the quarter.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Thursday, September 12th.

In other news, CEO Marc J. Bogan bought 2,420 shares of Fauquier Bankshares stock in a transaction on Wednesday, August 28th. The shares were bought at an average cost of $20.57 per share, with a total value of $49,779.40. Following the completion of the purchase, the chief executive officer now directly owns 13,536 shares of the company’s stock, valued at $278,435.52. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.42% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Fayez Sarofim & Co purchased a new stake in shares of Fauquier Bankshares in the 2nd quarter valued at approximately $205,000. Vanguard Group Inc. purchased a new stake in shares of Fauquier Bankshares in the 2nd quarter valued at approximately $308,000. Finally, Castine Capital Management LLC raised its stake in shares of Fauquier Bankshares by 17.1% in the 2nd quarter. Castine Capital Management LLC now owns 153,394 shares of the financial services provider’s stock valued at $3,269,000 after acquiring an additional 22,443 shares during the period. 25.70% of the stock is currently owned by institutional investors and hedge funds.

About Fauquier Bankshares

Fauquier Bankshares, Inc operates as the bank holding company for The Fauquier Bank that provides retail banking services to individuals and businesses. The company accepts various deposits, including interest and noninterest-bearing checking, money market, and savings accounts; and time deposits. Its loan portfolio includes commercial and industrial loans, commercial real estate loans, construction and land loans, consumer and student loans, residential real estate loans, and home equity lines of credit.

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