Fvcbankcorp (NASDAQ:FVCB – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02), FiscalAI reports. Fvcbankcorp had a net margin of 20.45% and a return on equity of 9.80%. The company had revenue of $18.74 million for the quarter, compared to analysts’ expectations of $20.61 million.
Fvcbankcorp Stock Up 3.0%
Shares of FVCB traded up $0.53 during mid-day trading on Thursday, reaching $18.14. The company had a trading volume of 121,807 shares, compared to its average volume of 114,901. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a 50-day moving average price of $18.07 and a 200 day moving average price of $17.16. Fvcbankcorp has a 52 week low of $11.83 and a 52 week high of $19.11. The company has a market capitalization of $327.06 million, a price-to-earnings ratio of 12.77 and a beta of 0.34.
Fvcbankcorp Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, October 26th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, October 26th. Fvcbankcorp’s payout ratio is currently 19.72%.
Insider Buying and Selling
In related news, Director Scott Laughlin sold 8,100 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $18.55, for a total transaction of $150,255.00. Following the completion of the transaction, the director owned 174,421 shares of the company’s stock, valued at $3,235,509.55. This trade represents a 4.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sharon Jackson sold 1,400 shares of Fvcbankcorp stock in a transaction on Monday, August 24th. The shares were sold at an average price of $18.62, for a total value of $26,068.00. Following the transaction, the executive vice president owned 22,424 shares of the company’s stock, valued at $417,534.88. The trade was a 5.88% decrease in their position. The SEC filing for this sale provides additional information. 11.16% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several brokerages have commented on FVCB. Weiss Ratings restated a “buy (b)” rating on shares of Fvcbankcorp in a report on Tuesday, September 22nd. Piper Sandler upped their target price on Fvcbankcorp from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $21.00.
Check Out Our Latest Analysis on FVCB
About Fvcbankcorp
FVCbankcorp, Inc is the bank holding company for FVCbank, a community-focused financial institution headquartered in Fairfax, Virginia. Through its banking subsidiary, the company provides financial services to businesses, professionals, nonprofit organizations and individuals in Northern Virginia and the greater Washington, DC, metropolitan area.
FVCbank offers commercial and retail banking products, including checking and savings accounts, certificates of deposit, commercial real estate loans, construction and development financing, business loans, residential real estate lending and consumer loans.
Featured Stories
- Five stocks we like better than Fvcbankcorp
- Is Texas Instruments Setting Up for Its Next Big Breakout?
- Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow
- Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was
- Tesla’s Flying-Car Hype Hits an Earnings Reality Check
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.
