Fvcbankcorp (NASDAQ:FVCB) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Fvcbankcorp (NASDAQ:FVCB) posted its quarterly earnings results on Tuesday. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06, FiscalAI reports. Fvcbankcorp had a net margin of 20.45% and a return on equity of 9.91%. The firm had revenue of $20.45 million for the quarter, compared to analyst estimates of $19.32 million.

Fvcbankcorp Trading Up 0.1%

Shares of FVCB opened at $17.82 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. Fvcbankcorp has a 12-month low of $11.83 and a 12-month high of $18.41. The firm has a 50-day moving average price of $16.71 and a 200 day moving average price of $15.72. The firm has a market capitalization of $320.76 million, a P/E ratio of 12.55 and a beta of 0.34.

Fvcbankcorp Dividend Announcement

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

Hedge Funds Weigh In On Fvcbankcorp

Institutional investors have recently bought and sold shares of the company. Empowered Funds LLC grew its stake in shares of Fvcbankcorp by 8.4% in the 1st quarter. Empowered Funds LLC now owns 61,754 shares of the company’s stock valued at $653,000 after buying an additional 4,793 shares during the period. Jane Street Group LLC purchased a new stake in shares of Fvcbankcorp during the 1st quarter valued at approximately $154,000. Rhumbline Advisers raised its position in shares of Fvcbankcorp by 5.9% during the 2nd quarter. Rhumbline Advisers now owns 25,279 shares of the company’s stock valued at $298,000 after buying an additional 1,418 shares during the period. Marshall Wace LLP acquired a new position in Fvcbankcorp in the second quarter valued at approximately $293,000. Finally, Alliancebernstein L.P. lifted its holdings in Fvcbankcorp by 2.0% in the second quarter. Alliancebernstein L.P. now owns 977,330 shares of the company’s stock valued at $11,532,000 after acquiring an additional 18,862 shares during the last quarter. 43.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FVCB. Weiss Ratings reissued a “buy (b)” rating on shares of Fvcbankcorp in a research note on Friday, June 26th. Piper Sandler restated an “overweight” rating and issued a $19.00 price target (up from $18.00) on shares of Fvcbankcorp in a research report on Monday, May 4th. Two research 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 currently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

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.