Fvcbankcorp (NASDAQ:FVCB) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS
by Mitch Edgeman · The Markets DailyFvcbankcorp (NASDAQ:FVCB – Get Free Report) posted its quarterly earnings data 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 Performance
FVCB opened at $18.14 on Friday. The firm has a market capitalization of $327.06 million, a PE ratio of 12.77 and a beta of 0.34. 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 52-week low of $11.83 and a 52-week high of $19.11. The business’s 50-day simple moving average is $18.06 and its 200 day simple moving average is $17.18.
Fvcbankcorp Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, October 26th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, October 26th. Fvcbankcorp’s dividend payout ratio is presently 19.72%.
Insiders Place Their Bets
In other Fvcbankcorp news, Director Scott Laughlin sold 8,100 shares of the company’s 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 sale, the director directly owned 174,421 shares of the company’s stock, valued at approximately $3,235,509.55. This represents a 4.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Sharon Jackson sold 1,400 shares of the stock in a transaction on Monday, August 24th. The shares were 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 approximately $417,534.88. This represents a 5.88% decrease in their position. The SEC filing for this sale provides additional information. 11.16% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Piper Sandler boosted their target price on Fvcbankcorp from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Fvcbankcorp in a report on Tuesday, September 22nd. Two analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $21.00.
View Our Latest Stock Report on Fvcbankcorp
Fvcbankcorp Company Profile
FVCBankcorp, Inc is the bank holding company for FVCbank, a community-focused commercial bank headquartered in Fairfax, Virginia. The bank provides financial services to businesses, professionals, nonprofit organizations, government contractors and individuals in the Washington, DC, metropolitan area.
FVCbank offers commercial and consumer deposit accounts, commercial real estate and business lending, residential mortgage lending, construction and development financing, home equity products and personal loans.
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