Fvcbankcorp, Inc. (NASDAQ:FVCB – Get Free Report) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 362,234 shares, an increase of 73.4% from the June 15th total of 208,954 shares. Currently, 2.3% of the shares of the stock are sold short. Based on an average daily volume of 266,345 shares, the short-interest ratio is presently 1.4 days.
Hedge Funds Weigh In On Fvcbankcorp
Several large investors have recently modified their holdings of FVCB. Bank of America Corp DE lifted its holdings in shares of Fvcbankcorp by 13.3% during the first quarter. Bank of America Corp DE now owns 14,631 shares of the company’s stock worth $222,000 after purchasing an additional 1,716 shares during the period. Empowered Funds LLC increased its holdings in Fvcbankcorp by 10.0% in the first quarter. Empowered Funds LLC now owns 93,150 shares of the company’s stock valued at $1,415,000 after purchasing an additional 8,443 shares during the period. Renaissance Technologies LLC raised its position in Fvcbankcorp by 37.4% during the 1st quarter. Renaissance Technologies LLC now owns 116,475 shares of the company’s stock worth $1,769,000 after purchasing an additional 31,700 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Fvcbankcorp by 6.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 302,167 shares of the company’s stock worth $4,590,000 after purchasing an additional 18,550 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Fvcbankcorp by 2.4% during the 1st 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 last quarter. Institutional investors own 43.61% of the company’s stock.
Analyst Ratings Changes
A number of analysts have weighed in on FVCB shares. Piper Sandler restated an “overweight” rating and issued a $19.00 target price (up from $18.00) on shares of Fvcbankcorp in a research report on Monday, May 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Fvcbankcorp in a report on Friday, June 26th. Two equities 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.00.
Fvcbankcorp Stock Performance
NASDAQ:FVCB opened at $17.82 on Friday. The stock has a market cap of $320.71 million, a P/E ratio of 13.92 and a beta of 0.34. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The stock’s 50-day moving average is $16.58 and its 200-day moving average is $15.63. Fvcbankcorp has a 1-year low of $11.83 and a 1-year high of $18.41.
Fvcbankcorp (NASDAQ:FVCB – Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $18.29 million during the quarter, compared to the consensus estimate of $18.24 million. Fvcbankcorp had a return on equity of 9.22% and a net margin of 18.85%. Equities research analysts anticipate that Fvcbankcorp will post 1.47 earnings per share 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 given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, July 27th. Fvcbankcorp’s dividend payout ratio is 21.88%.
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.
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