Proficio Capital Partners LLC Takes $917,000 Position in Fvcbankcorp, Inc. $FVCB

Proficio Capital Partners LLC purchased a new position in Fvcbankcorp, Inc. (NASDAQ:FVCB) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 52,397 shares of the company’s stock, valued at approximately $917,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Empowered Funds LLC grew its stake in Fvcbankcorp by 8.4% during the 1st quarter. Empowered Funds LLC now owns 61,754 shares of the company’s stock valued at $653,000 after acquiring an additional 4,793 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Fvcbankcorp during the 1st quarter valued at about $154,000. Rhumbline Advisers boosted its holdings in shares of Fvcbankcorp by 5.9% during the 2nd quarter. Rhumbline Advisers now owns 25,279 shares of the company’s stock worth $298,000 after buying an additional 1,418 shares during the period. Marshall Wace LLP bought a new position in Fvcbankcorp in the 2nd quarter worth approximately $293,000. Finally, Alliancebernstein L.P. increased its holdings 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 period. Institutional investors and hedge funds own 43.61% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on FVCB shares. Weiss Ratings reissued a “buy (b)” rating on shares of Fvcbankcorp in a report on Friday, June 26th. Piper Sandler upped their target price on shares of Fvcbankcorp from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Fvcbankcorp currently has an average rating of “Moderate Buy” and a consensus price target of $21.00.

Insider Buying and Selling

In related news, EVP Sharon L. Jackson sold 1,400 shares of Fvcbankcorp stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $18.62, for a total value of $26,068.00. Following the completion of the sale, the executive vice president owned 22,424 shares of the company’s stock, valued at approximately $417,534.88. This trade represents a 5.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Scott Laughlin sold 8,100 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $18.55, for a total transaction of $150,255.00. Following the completion of the sale, the director directly owned 174,421 shares in the company, valued at approximately $3,235,509.55. The trade was a 4.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 11.16% of the company’s stock.

Fvcbankcorp Stock Down 1.5%

FVCB stock opened at $18.14 on Thursday. Fvcbankcorp, Inc. has a fifty-two week low of $11.83 and a fifty-two week high of $19.11. The business’s fifty day moving average price is $17.99 and its two-hundred day moving average price is $16.42. The stock has a market capitalization of $327.06 million, a price-to-earnings ratio of 12.77 and a beta of 0.33. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03.

Fvcbankcorp (NASDAQ:FVCB) last issued its earnings results on Tuesday, July 21st. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The firm had revenue of $21.30 million for the quarter, compared to analyst estimates of $19.32 million. Fvcbankcorp had a net margin of 20.45% and a return on equity of 9.80%. On average, equities analysts anticipate that Fvcbankcorp, Inc. will post 1.5 earnings per share for the current year.

Fvcbankcorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, July 27th were issued 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 presently 19.72%.

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.