Fvcbankcorp (NASDAQ:FVCB) Given New $21.00 Price Target at Piper Sandler

Fvcbankcorp (NASDAQ:FVCB) had its price target lifted by equities researchers at Piper Sandler from $19.00 to $21.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price objective would indicate a potential upside of 15.23% from the company’s current price.

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Fvcbankcorp in a research note on Friday, June 26th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $21.00.

Fvcbankcorp Trading Up 1.3%

NASDAQ:FVCB traded up $0.23 during mid-day trading on Monday, hitting $18.23. The company had a trading volume of 47,090 shares, compared to its average volume of 131,702. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. Fvcbankcorp has a fifty-two week low of $11.83 and a fifty-two week high of $18.41. The firm has a market cap of $328.05 million, a P/E ratio of 12.83 and a beta of 0.34. The business’s fifty day moving average is $16.81 and its two-hundred day moving average is $15.78.

Fvcbankcorp (NASDAQ:FVCB) last posted its earnings results on Tuesday, July 21st. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. The company had revenue of $20.45 million during the quarter, compared to analyst estimates of $19.32 million. Fvcbankcorp had a return on equity of 9.91% and a net margin of 20.45%. As a group, research analysts expect that Fvcbankcorp will post 1.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in shares of Fvcbankcorp by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 270,990 shares of the company’s stock worth $3,515,000 after purchasing an additional 7,705 shares during the period. AQR Capital Management LLC raised its holdings in Fvcbankcorp by 22.4% during the 4th quarter. AQR Capital Management LLC now owns 34,459 shares of the company’s stock worth $479,000 after buying an additional 6,306 shares during the period. Goldman Sachs Group Inc. lifted its stake in Fvcbankcorp by 41.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 28,909 shares of the company’s stock valued at $402,000 after buying an additional 8,401 shares in the last quarter. Squarepoint Ops LLC bought a new position in Fvcbankcorp in the third quarter valued at approximately $257,000. Finally, Advisory Services Network LLC acquired a new position in shares of Fvcbankcorp in the third quarter valued at approximately $195,000. 43.61% of the stock is owned by institutional investors and hedge funds.

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.