FVCBankcorp, Inc. (NASDAQ:FVCB) Expected to Announce Earnings of $0.40 Per Share

Wall Street analysts expect FVCBankcorp, Inc. (NASDAQ:FVCBGet Rating) to report earnings per share of $0.40 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for FVCBankcorp’s earnings. FVCBankcorp reported earnings of $0.38 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 5.3%. The business is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that FVCBankcorp will report full-year earnings of $1.68 per share for the current year, with EPS estimates ranging from $1.65 to $1.70. For the next financial year, analysts expect that the business will report earnings of $1.89 per share, with EPS estimates ranging from $1.85 to $1.92. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow FVCBankcorp.

FVCBankcorp (NASDAQ:FVCBGet Rating) last issued its quarterly earnings data on Wednesday, January 26th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.08. FVCBankcorp had a net margin of 30.16% and a return on equity of 11.45%. The firm had revenue of $17.00 million for the quarter, compared to the consensus estimate of $17.02 million.

A number of research analysts have recently issued reports on FVCB shares. Raymond James raised shares of FVCBankcorp from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $23.00 to $25.00 in a research report on Monday, January 24th. Piper Sandler reissued an “overweight” rating and set a $23.50 target price on shares of FVCBankcorp in a research report on Tuesday, February 1st. Finally, Zacks Investment Research raised shares of FVCBankcorp from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Tuesday, April 5th.

In related news, Director Devin Satz sold 2,779 shares of the business’s stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $21.00, for a total value of $58,359.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO B. Todd Dempsey sold 9,000 shares of the business’s stock in a transaction on Wednesday, February 23rd. The stock was sold at an average price of $20.92, for a total transaction of $188,280.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,592 shares of company stock worth $701,954. 22.25% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. grew its holdings in shares of FVCBankcorp by 1.7% in the third quarter. Alliancebernstein L.P. now owns 450,688 shares of the company’s stock valued at $9,014,000 after purchasing an additional 7,691 shares during the period. Fourthstone LLC lifted its position in FVCBankcorp by 263.1% in the third quarter. Fourthstone LLC now owns 331,109 shares of the company’s stock valued at $6,622,000 after buying an additional 239,922 shares during the last quarter. Bridgewater Advisors Inc. lifted its position in FVCBankcorp by 90.4% in the fourth quarter. Bridgewater Advisors Inc. now owns 164,713 shares of the company’s stock valued at $3,242,000 after buying an additional 78,219 shares during the last quarter. Geode Capital Management LLC lifted its position in FVCBankcorp by 2.2% in the third quarter. Geode Capital Management LLC now owns 94,216 shares of the company’s stock valued at $1,883,000 after buying an additional 2,031 shares during the last quarter. Finally, BlackRock Inc. lifted its position in FVCBankcorp by 48.1% in the fourth quarter. BlackRock Inc. now owns 89,781 shares of the company’s stock valued at $1,767,000 after buying an additional 29,169 shares during the last quarter. 29.72% of the stock is owned by hedge funds and other institutional investors.

Shares of FVCBankcorp stock traded down $0.03 on Wednesday, reaching $19.87. The stock had a trading volume of 45 shares, compared to its average volume of 33,466. The company has a 50 day moving average price of $20.81 and a 200 day moving average price of $20.45. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.21. FVCBankcorp has a 1 year low of $16.18 and a 1 year high of $21.49. The stock has a market capitalization of $276.81 million, a P/E ratio of 13.27 and a beta of 0.31.

About FVCBankcorp (Get Rating)

FVCBankcorp, Inc operates as a bank holding company, which engages in the provision of commercial banking services. The firm also also offer online banking, mobile banking, and a remote deposit service. It serves small and medium-sized businesses, professionals, non-profit organizations and associations, and investors living and working in and near its service area.

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Earnings History and Estimates for FVCBankcorp (NASDAQ:FVCB)

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