Fvcbankcorp (NASDAQ:FVCB – Free Report) had its target price increased by Piper Sandler from $19.00 to $21.00 in a report released on Monday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.
Separately, Weiss Ratings restated a “buy (b)” rating on shares of Fvcbankcorp in a report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Fvcbankcorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.
Get Our Latest Research Report on FVCB
Fvcbankcorp Trading Down 0.9%
Fvcbankcorp (NASDAQ:FVCB – Get Free Report) last issued its earnings results on Tuesday, July 21st. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. Fvcbankcorp had a net margin of 20.45% and a return on equity of 9.91%. The company had revenue of $20.45 million during the quarter, compared to analysts’ expectations of $19.32 million. On average, research analysts predict that Fvcbankcorp will post 1.5 earnings per share for the current fiscal year.
Fvcbankcorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, July 27th will be given a $0.07 dividend. The ex-dividend date is Monday, July 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. Fvcbankcorp’s payout ratio is currently 19.72%.
Hedge Funds Weigh In On Fvcbankcorp
Hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its position in Fvcbankcorp by 115.6% during the third quarter. Russell Investments Group Ltd. now owns 2,964 shares of the company’s stock worth $38,000 after acquiring an additional 1,589 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Fvcbankcorp by 138.2% in the third quarter. BNP Paribas Financial Markets now owns 4,254 shares of the company’s stock valued at $55,000 after purchasing an additional 2,468 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Fvcbankcorp in the second quarter valued at approximately $71,000. Invesco Ltd. purchased a new position in shares of Fvcbankcorp during the 4th quarter worth approximately $140,000. Finally, Jane Street Group LLC purchased a new position in shares of Fvcbankcorp during the 1st quarter worth approximately $154,000. 43.61% of the stock is currently owned by hedge funds and other institutional investors.
About Fvcbankcorp
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
- Five stocks we like better than Fvcbankcorp
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Receive News & Ratings for Fvcbankcorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fvcbankcorp and related companies with MarketBeat.com's FREE daily email newsletter.
