Fvcbankcorp (NASDAQ:FVCB) Issues Earnings Results, Beats Expectations By $0.06 EPS

Fvcbankcorp (NASDAQ:FVCB) posted its quarterly earnings results on Tuesday. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06, FiscalAI reports. Fvcbankcorp had a net margin of 18.85% and a return on equity of 9.22%. The firm had revenue of $20.45 million for the quarter, compared to analyst estimates of $19.32 million.

Fvcbankcorp Stock Up 1.5%

Fvcbankcorp stock traded up $0.26 during trading hours on Tuesday, hitting $17.80. The company had a trading volume of 96,167 shares, compared to its average volume of 132,406. Fvcbankcorp has a fifty-two week low of $11.83 and a fifty-two week high of $18.41. 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 firm has a market capitalization of $320.40 million, a P/E ratio of 13.91 and a beta of 0.34. The firm’s fifty day moving average is $16.62 and its 200-day moving average is $15.67.

Fvcbankcorp Dividend Announcement

The business 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 dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, July 27th. This represents a $0.28 dividend on an annualized basis and a yield of 1.6%. Fvcbankcorp’s payout ratio is presently 21.88%.

Institutional Trading of Fvcbankcorp

Several hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC grew its stake in Fvcbankcorp by 8.4% in the first quarter. Empowered Funds LLC now owns 61,754 shares of the company’s stock valued at $653,000 after purchasing an additional 4,793 shares in the last quarter. Jane Street Group LLC acquired a new position in Fvcbankcorp in the first quarter worth approximately $154,000. Rhumbline Advisers lifted its stake in Fvcbankcorp by 5.9% in the second quarter. Rhumbline Advisers now owns 25,279 shares of the company’s stock valued at $298,000 after acquiring an additional 1,418 shares during the last quarter. Marshall Wace LLP bought a new stake in Fvcbankcorp in the second quarter worth approximately $293,000. Finally, Alliancebernstein L.P. increased its stake in shares of Fvcbankcorp by 2.0% during the 2nd quarter. Alliancebernstein L.P. now owns 977,330 shares of the company’s stock worth $11,532,000 after purchasing an additional 18,862 shares during the last quarter. 43.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fvcbankcorp in a research report on Friday, June 26th. Piper Sandler restated an “overweight” rating and issued a $19.00 price target (up from $18.00) on shares of Fvcbankcorp in a research report on Monday, May 4th. 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 MarketBeat.com, Fvcbankcorp has an average rating of “Moderate Buy” and an average target price of $19.00.

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.