FVCBANKCORP Inc/SH’s (OTCMKTS:FVCB) quiet period will expire on Wednesday, October 24th. FVCBANKCORP Inc/SH had issued 1,750,000 shares in its IPO on September 14th. The total size of the offering was $35,000,000 based on an initial share price of $20.00. During FVCBANKCORP Inc/SH’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
FVCB has been the topic of several analyst reports. Zacks Investment Research raised shares of FVCBANKCORP Inc/SH from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Friday, August 3rd. Raymond James initiated coverage on shares of FVCBANKCORP Inc/SH in a research note on Thursday, October 11th. They set an “outperform” rating and a $22.00 price target on the stock.
OTCMKTS FVCB opened at $17.39 on Tuesday. FVCBANKCORP Inc/SH has a one year low of $16.43 and a one year high of $21.20.
FVCBANKCORP Inc/SH (OTCMKTS:FVCB) last posted its quarterly earnings results on Thursday, October 18th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The business had revenue of $10.63 million during the quarter, compared to analysts’ expectations of $10.22 million. On average, analysts expect that FVCBANKCORP Inc/SH will post 1.12 EPS for the current year.
In other news, Director Phillip R. Wills III acquired 25,000 shares of the company’s stock in a transaction dated Tuesday, September 18th. The shares were bought at an average price of $20.00 per share, for a total transaction of $500,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought 26,500 shares of company stock worth $530,000 in the last quarter.
FVCBANKCORP Inc/SH Company Profile
FVCBankcorp, Inc provides various banking products and services in Fairfax, Virginia. It offers various personal and business banking products and services, such as checking and savings accounts, money market accounts, certificates of deposit, individual retirement accounts, and health savings accounts.
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