Fvcbankcorp, Inc. $FVCB Shares Acquired by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC grew its holdings in Fvcbankcorp, Inc. (NASDAQ:FVCB) by 6.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,937 shares of the company’s stock after purchasing an additional 1,250 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Fvcbankcorp were worth $247,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of FVCB. GAMMA Investing LLC grew its position in shares of Fvcbankcorp by 4,559.3% in the first quarter. GAMMA Investing LLC now owns 2,516 shares of the company’s stock valued at $27,000 after purchasing an additional 2,462 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Fvcbankcorp during the first quarter valued at approximately $154,000. Nuveen LLC purchased a new position in shares of Fvcbankcorp during the first quarter valued at approximately $480,000. Bank of New York Mellon Corp lifted its stake in shares of Fvcbankcorp by 5.8% during the first quarter. Bank of New York Mellon Corp now owns 51,620 shares of the company’s stock valued at $546,000 after buying an additional 2,836 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of Fvcbankcorp by 8.4% during the first quarter. Empowered Funds LLC now owns 61,754 shares of the company’s stock valued at $653,000 after buying an additional 4,793 shares during the period. 43.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Fvcbankcorp news, EVP Sharon L. Jackson sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $13.52, for a total transaction of $27,040.00. Following the transaction, the executive vice president owned 23,830 shares of the company’s stock, valued at $322,181.60. This trade represents a 7.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Devin Satz sold 7,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $13.47, for a total transaction of $94,290.00. Following the transaction, the director directly owned 142,173 shares in the company, valued at approximately $1,915,070.31. This represents a 4.69% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,804 shares of company stock worth $209,000. 13.99% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FVCB. Piper Sandler raised shares of Fvcbankcorp to an “overweight” rating and set a $16.00 price objective on the stock in a research note on Wednesday, July 9th. Zacks Research downgraded shares of Fvcbankcorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 25th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Fvcbankcorp in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Fvcbankcorp presently has an average rating of “Hold” and a consensus target price of $16.00.

Fvcbankcorp Stock Performance

NASDAQ:FVCB opened at $12.24 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.08. The company has a market cap of $220.93 million, a P/E ratio of 11.13 and a beta of 0.35. Fvcbankcorp, Inc. has a fifty-two week low of $9.49 and a fifty-two week high of $14.50. The firm’s 50 day moving average is $13.06 and its two-hundred day moving average is $12.22.

Fvcbankcorp (NASDAQ:FVCB) last posted its quarterly earnings results on Thursday, June 2nd. The company reported $0.48 earnings per share for the quarter. The company had revenue of $14.83 million for the quarter. Fvcbankcorp had a net margin of 17.08% and a return on equity of 8.57%. Analysts expect that Fvcbankcorp, Inc. will post 1.06 EPS for the current year.

Fvcbankcorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, October 27th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, October 27th. This represents a $0.24 dividend on an annualized basis and a yield of 2.0%. Fvcbankcorp’s dividend payout ratio (DPR) is currently 21.82%.

Fvcbankcorp 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.