Empowered Funds LLC Purchases New Stake in Fvcbankcorp, Inc. $FVCB

Empowered Funds LLC acquired a new position in shares of Fvcbankcorp, Inc. (NASDAQ:FVCB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 80,442 shares of the company’s stock, valued at approximately $1,408,000.

Other large investors also recently modified their holdings of the company. Jane Street Group LLC acquired a new position in Fvcbankcorp in the 1st quarter valued at about $154,000. Rhumbline Advisers lifted its position in Fvcbankcorp by 5.9% during the second quarter. Rhumbline Advisers now owns 25,279 shares of the company’s stock worth $298,000 after acquiring an additional 1,418 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Fvcbankcorp during the second quarter worth approximately $293,000. Alliancebernstein L.P. boosted its holdings in shares of Fvcbankcorp by 2.0% during the second quarter. Alliancebernstein L.P. now owns 977,330 shares of the company’s stock worth $11,532,000 after acquiring an additional 18,862 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Fvcbankcorp in the second quarter valued at approximately $71,000. 43.61% of the stock is owned by institutional investors.

Fvcbankcorp Trading Up 1.6%

Shares of NASDAQ:FVCB opened at $18.72 on Friday. The business’s 50 day simple moving average is $18.17 and its 200 day simple moving average is $16.54. Fvcbankcorp, Inc. has a 1 year low of $11.83 and a 1 year high of $19.11. 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 company has a market capitalization of $337.52 million, a P/E ratio of 13.18 and a beta of 0.32.

Fvcbankcorp (NASDAQ:FVCB) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The company had revenue of $21.30 million for the quarter, compared to analysts’ expectations of $19.32 million. Fvcbankcorp had a return on equity of 9.80% and a net margin of 20.45%. On average, research analysts anticipate that Fvcbankcorp, Inc. will post 1.58 EPS for the current fiscal year.

Fvcbankcorp Dividend Announcement

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

Insider Activity at Fvcbankcorp

In related 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 transaction, the director directly owned 174,421 shares of the company’s stock, valued at $3,235,509.55. This trade represents 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 owned 22,424 shares of the company’s stock, valued at approximately $417,534.88. This represents 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 insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FVCB. Weiss Ratings reiterated a “buy (b)” rating on shares of Fvcbankcorp in a research note on Friday, June 26th. Piper Sandler upped their price objective on Fvcbankcorp from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Fvcbankcorp has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Fvcbankcorp 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.