Fvcbankcorp (NASDAQ:FVCB) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Fvcbankcorp (NASDAQ:FVCB) issued its quarterly earnings results on Thursday. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02), FiscalAI reports. Fvcbankcorp had a net margin of 20.45% and a return on equity of 9.80%. The company had revenue of $18.74 million during the quarter, compared to analyst estimates of $20.61 million.

Fvcbankcorp Stock Up 3.0%

Shares of Fvcbankcorp stock traded up $0.53 during trading on Thursday, reaching $18.14. 121,807 shares of the company traded hands, compared to its average volume of 114,901. 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 has a 1-year low of $11.83 and a 1-year high of $19.11. The company has a 50 day moving average price of $18.07 and a 200-day moving average price of $17.16. The firm has a market capitalization of $327.06 million, a PE ratio of 12.77 and a beta of 0.34.

Fvcbankcorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, October 26th will be paid a $0.07 dividend. The ex-dividend date is Monday, October 26th. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. Fvcbankcorp’s payout ratio is currently 19.72%.

Insider Buying and Selling at Fvcbankcorp

In related news, Director Scott Laughlin sold 8,100 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $18.55, for a total transaction 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 represents a 4.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sharon Jackson sold 1,400 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $18.62, for a total transaction 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 $417,534.88. The trade was a 5.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 11.16% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on FVCB. Piper Sandler lifted their price objective on 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 Tuesday, September 22nd. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $21.00.

About Fvcbankcorp

FVCbankcorp, Inc is the bank holding company for FVCbank, a community-focused financial institution headquartered in Fairfax, Virginia. Through its banking subsidiary, the company provides financial services to businesses, professionals, nonprofit organizations and individuals in Northern Virginia and the greater Washington, DC, metropolitan area.

FVCbank offers commercial and retail banking products, including checking and savings accounts, certificates of deposit, commercial real estate loans, construction and development financing, business loans, residential real estate lending and consumer loans.