Man Group plc Buys New Position in Fvcbankcorp, Inc. $FVCB

Man Group plc bought a new stake in Fvcbankcorp, Inc. (NASDAQ:FVCBFree Report) during the 2nd quarter, Holdings Channel.com reports. The firm bought 63,542 shares of the company’s stock, valued at approximately $1,112,000.

A number of other large investors have also recently bought and sold shares of FVCB. Hsbc Holdings PLC bought a new position in shares of Fvcbankcorp during the 2nd quarter worth approximately $189,000. Ategra Capital Management LLC bought a new stake in shares of Fvcbankcorp in the second quarter worth $7,643,000. Legal & General Group Plc bought a new stake in shares of Fvcbankcorp in the second quarter worth $26,000. Algert Global LLC acquired a new position in Fvcbankcorp during the second quarter worth $3,809,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Fvcbankcorp in the second quarter valued at $1,697,000. Institutional investors and hedge funds own 43.61% of the company’s stock.

Analyst Upgrades and Downgrades

FVCB has been the topic of several recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Fvcbankcorp in a research note on Friday, June 26th. Piper Sandler increased their price objective on shares of Fvcbankcorp from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Fvcbankcorp has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Get Our Latest Stock Report on FVCB

Fvcbankcorp Stock Up 1.6%

NASDAQ:FVCB opened at $18.39 on Thursday. The firm has a market capitalization of $331.57 million, a price-to-earnings ratio of 12.95 and a beta of 0.32. Fvcbankcorp, Inc. has a twelve month low of $11.83 and a twelve month high of $19.11. The stock’s 50 day moving average price is $18.12 and its two-hundred day moving average price is $16.50. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09.

Fvcbankcorp (NASDAQ:FVCBGet Free Report) last released its quarterly earnings data on Tuesday, July 21st. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. Fvcbankcorp had a return on equity of 9.80% and a net margin of 20.45%.The company had revenue of $21.30 million during the quarter, compared to the consensus estimate of $19.32 million. Equities research analysts expect that Fvcbankcorp, Inc. will post 1.58 earnings per share for the current fiscal year.

Fvcbankcorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, July 27th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, July 27th. Fvcbankcorp’s dividend payout ratio is 19.72%.

Insider Buying and Selling at Fvcbankcorp

In other news, EVP Sharon L. Jackson sold 1,400 shares of Fvcbankcorp stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $18.62, for a total value of $26,068.00. Following the completion of the transaction, the executive vice president owned 22,424 shares of the company’s stock, valued at $417,534.88. This trade represents a 5.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Scott Laughlin sold 8,100 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $18.55, for a total transaction of $150,255.00. Following the transaction, the director owned 174,421 shares in the company, valued at $3,235,509.55. This represents a 4.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 11.16% of the company’s stock.

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.

Further Reading

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Institutional Ownership by Quarter for Fvcbankcorp (NASDAQ:FVCB)

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