FVCBankcorp (NASDAQ:FVCB) Announces Earnings Results

FVCBankcorp (NASDAQ:FVCB) issued its quarterly earnings results on Thursday. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02, Zacks reports. The company had revenue of $28.84 million during the quarter, compared to the consensus estimate of $14.08 million. FVCBankcorp had a net margin of 4.44% and a return on equity of 7.25%.

FVCBankcorp Trading Up 2.5 %

NASDAQ FVCB traded up $0.31 on Friday, hitting $12.88. 28,083 shares of the company were exchanged, compared to its average volume of 36,590. The company’s 50 day moving average price is $11.06 and its 200-day moving average price is $11.61. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $231.71 million, a P/E ratio of 53.67 and a beta of 0.24. FVCBankcorp has a twelve month low of $9.78 and a twelve month high of $15.39.

Insiders Place Their Bets

In other FVCBankcorp news, Director Devin Satz sold 12,650 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $10.81, for a total transaction of $136,746.50. Following the sale, the director now owns 128,910 shares in the company, valued at approximately $1,393,517.10. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Phillip R. Wills III sold 10,170 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $11.22, for a total value of $114,107.40. Following the transaction, the director now owns 58,884 shares in the company, valued at approximately $660,678.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Devin Satz sold 12,650 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $10.81, for a total value of $136,746.50. Following the completion of the transaction, the director now owns 128,910 shares in the company, valued at approximately $1,393,517.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,945 shares of company stock worth $328,402. Company insiders own 13.99% of the company’s stock.

FVCBankcorp Company Profile

FVCBankcorp, Inc operates as the bank holding company for FVCbank that provides various banking products and services in Virginia. It offers deposit products, including interest and noninterest-bearing transaction accounts, savings accounts, money market accounts, and certificates of deposit. The company also provides commercial real estate loans; commercial construction loans; commercial loans for various business purposes, such as for working capital, equipment purchases, lines of credit, and government contract financing; small business administration loans; asset-based loans and accounts receivable financing; home equity loans; and consumer loans.