Connor Clark & Lunn Investment Management Ltd. Makes New Investment in Fvcbankcorp, Inc. $FVCB

Connor Clark & Lunn Investment Management Ltd. bought a new position in Fvcbankcorp, Inc. (NASDAQ:FVCB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 96,990 shares of the company’s stock, valued at approximately $1,697,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Russell Investments Group Ltd. raised its position in shares of Fvcbankcorp by 115.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,964 shares of the company’s stock worth $38,000 after purchasing an additional 1,589 shares during the last quarter. BNP Paribas Financial Markets grew its position in Fvcbankcorp by 138.2% during the 3rd 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 bought a new stake in Fvcbankcorp during the 2nd quarter valued at about $71,000. Northwestern Mutual Wealth Management Co. bought a new stake in Fvcbankcorp during the 2nd quarter valued at about $107,000. Finally, Invesco Ltd. bought a new stake in Fvcbankcorp during the 4th quarter valued at about $140,000. 43.61% of the stock is currently owned by institutional investors.

Fvcbankcorp Stock Down 0.3%

FVCB stock opened at $18.27 on Friday. Fvcbankcorp, Inc. has a 1-year low of $11.83 and a 1-year high of $19.11. The business has a fifty day moving average price of $18.06 and a 200-day moving average price of $16.44. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $329.41 million, a P/E ratio of 12.87 and a beta of 0.33.

Fvcbankcorp (NASDAQ:FVCB) 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 for the quarter, compared to analysts’ expectations of $19.32 million. Equities analysts forecast that Fvcbankcorp, Inc. will post 1.58 earnings per share for the current fiscal year.

Fvcbankcorp Announces Dividend

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

Insider Activity

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

Analyst Upgrades and Downgrades

FVCB has been the topic of several analyst reports. Piper Sandler upped their target price 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. Weiss Ratings reissued a “buy (b)” rating on shares of Fvcbankcorp in a research report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.00.

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.