Fvcbankcorp (NASDAQ:FVCB) Issues Earnings Results, Beats Expectations By $0.04 EPS

Fvcbankcorp (NASDAQ:FVCB) announced its earnings results on Tuesday. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04, FiscalAI reports. Fvcbankcorp had a net margin of 18.85% and a return on equity of 9.22%. The business had revenue of $20.45 million for the quarter, compared to analyst estimates of $19.32 million.

Fvcbankcorp Stock Up 1.5%

FVCB stock opened at $17.80 on Wednesday. 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 firm has a 50-day moving average of $16.66 and a two-hundred day moving average of $15.69. Fvcbankcorp has a 12 month low of $11.83 and a 12 month high of $18.41. The company has a market cap of $320.35 million, a price-to-earnings ratio of 13.91 and a beta of 0.34.

Fvcbankcorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, July 27th will be issued a $0.07 dividend. The ex-dividend date is Monday, July 27th. This represents a $0.28 dividend on an annualized basis and a yield of 1.6%. Fvcbankcorp’s dividend payout ratio is presently 21.88%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $19.00 price target (up from $18.00) on shares of Fvcbankcorp in a research note on Monday, May 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Fvcbankcorp in a research note on Friday, June 26th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Fvcbankcorp has an average rating of “Moderate Buy” and an average price target of $19.00.

Institutional Investors Weigh In On Fvcbankcorp

Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted 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 buying an additional 1,589 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Fvcbankcorp by 138.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,254 shares of the company’s stock valued at $55,000 after buying an additional 2,468 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in Fvcbankcorp in the 2nd quarter valued at $71,000. Invesco Ltd. acquired a new stake in shares of Fvcbankcorp in the 4th quarter worth $140,000. Finally, Jane Street Group LLC acquired a new stake in shares of Fvcbankcorp in the 1st quarter worth $154,000. 43.61% of the stock is currently owned by hedge funds and other institutional investors.

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.