FJ Capital Management LLC Sells 205,840 Shares of Fvcbankcorp, Inc. $FVCB

FJ Capital Management LLC cut its stake in shares of Fvcbankcorp, Inc. (NASDAQ:FVCBFree Report) by 92.7% in the fourth quarter, Holdings Channel reports. The fund owned 16,116 shares of the company’s stock after selling 205,840 shares during the period. FJ Capital Management LLC’s holdings in Fvcbankcorp were worth $224,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FVCB. Empowered Funds LLC lifted its holdings 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 acquiring an additional 4,793 shares during the period. Jane Street Group LLC bought a new position in shares of Fvcbankcorp in the first quarter valued at about $154,000. Rhumbline Advisers raised its holdings in shares of Fvcbankcorp by 5.9% in the second quarter. Rhumbline Advisers now owns 25,279 shares of the company’s stock valued at $298,000 after buying an additional 1,418 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Fvcbankcorp in the second quarter valued at about $293,000. Finally, Alliancebernstein L.P. raised its holdings in shares of Fvcbankcorp by 2.0% in the second quarter. Alliancebernstein L.P. now owns 977,330 shares of the company’s stock valued at $11,532,000 after buying an additional 18,862 shares during the last quarter. 43.61% of the stock is owned by institutional investors.

Fvcbankcorp Price Performance

Fvcbankcorp stock opened at $16.79 on Monday. The firm has a market capitalization of $302.22 million, a P/E ratio of 13.12 and a beta of 0.36. Fvcbankcorp, Inc. has a 1 year low of $11.13 and a 1 year high of $18.41. The business has a 50-day moving average of $15.71 and a 200-day moving average of $14.95. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09.

Fvcbankcorp (NASDAQ:FVCBGet Free Report) last posted its earnings results on Tuesday, April 21st. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. Fvcbankcorp had a return on equity of 9.22% and a net margin of 18.85%.The company had revenue of $18.29 million during the quarter, compared to analyst estimates of $18.24 million. On average, equities analysts anticipate that Fvcbankcorp, Inc. will post 1.47 EPS for the current year.

Fvcbankcorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 18th. Investors of record on Monday, April 27th were given a $0.07 dividend. The ex-dividend date was Monday, April 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.7%. This is a boost from Fvcbankcorp’s previous quarterly dividend of $0.06. Fvcbankcorp’s payout ratio is presently 21.88%.

Insider Activity

In related news, Director Phillip R. Wills III sold 11,462 shares of the business’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 approximately $795,208.14. The trade was a 17.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 11.16% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on FVCB. Piper Sandler reaffirmed an “overweight” rating and issued a $19.00 price target (up from $18.00) on shares of Fvcbankcorp in a report on Monday, May 4th. Weiss Ratings raised Fvcbankcorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, March 10th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $19.00.

Check Out Our Latest Stock Report on FVCB

Fvcbankcorp Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding FVCB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fvcbankcorp, Inc. (NASDAQ:FVCBFree Report).

Institutional Ownership by Quarter for Fvcbankcorp (NASDAQ:FVCB)

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