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

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

Fvcbankcorp Price Performance

NASDAQ FVCB traded up $0.26 during mid-day trading on Tuesday, hitting $17.80. The stock had a trading volume of 96,167 shares, compared to its average volume of 132,290. The firm’s 50 day moving average is $16.62 and its 200 day moving average is $15.67. Fvcbankcorp has a twelve month low of $11.83 and a twelve month 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 stock has a market capitalization of $320.40 million, a price-to-earnings ratio of 13.91 and a beta of 0.34.

Fvcbankcorp Announces Dividend

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Fvcbankcorp

Large investors have recently modified their holdings of the business. Rhumbline Advisers grew its holdings in shares of 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 purchasing an additional 1,418 shares during the period. Russell Investments Group Ltd. raised its stake 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 purchasing an additional 1,589 shares during the period. Barclays PLC raised its stake in Fvcbankcorp by 6.1% during the fourth quarter. Barclays PLC now owns 32,710 shares of the company’s stock worth $455,000 after purchasing an additional 1,891 shares during the period. JPMorgan Chase & Co. boosted its holdings in Fvcbankcorp by 18.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,915 shares of the company’s stock valued at $193,000 after purchasing an additional 2,299 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted 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 purchasing an additional 2,468 shares during the last quarter. Hedge funds and other institutional investors own 43.61% of the company’s stock.

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.