$0.44 EPS Expected for FVCBankcorp, Inc. (NASDAQ:FVCB) This Quarter

Wall Street brokerages forecast that FVCBankcorp, Inc. (NASDAQ:FVCBGet Rating) will post earnings of $0.44 per share for the current quarter, Zacks reports. Two analysts have made estimates for FVCBankcorp’s earnings. The lowest EPS estimate is $0.43 and the highest is $0.44. FVCBankcorp reported earnings of $0.36 per share in the same quarter last year, which indicates a positive year over year growth rate of 22.2%. The firm is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that FVCBankcorp will report full-year earnings of $1.79 per share for the current financial year, with EPS estimates ranging from $1.78 to $1.80. For the next year, analysts forecast that the firm will report earnings of $1.94 per share, with EPS estimates ranging from $1.93 to $1.95. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow FVCBankcorp.

FVCBankcorp (NASDAQ:FVCBGet Rating) last released its earnings results on Thursday, April 21st. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.40 by $0.06. FVCBankcorp had a net margin of 31.05% and a return on equity of 11.87%.

Several equities analysts have recently commented on the stock. 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 report on Tuesday, April 5th. Piper Sandler reaffirmed an “overweight” rating and set a $23.50 price target on shares of FVCBankcorp in a research note on Tuesday, February 1st. Finally, Raymond James raised shares of FVCBankcorp from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $23.00 to $25.00 in a research note on Monday, January 24th.

FVCB stock opened at $20.66 on Wednesday. FVCBankcorp has a one year low of $16.43 and a one year high of $21.90. The company’s fifty day moving average price is $20.66 and its 200-day moving average price is $20.49. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $288.00 million, a PE ratio of 13.16 and a beta of 0.31.

In related news, insider William G. Byers sold 2,000 shares of the company’s stock in a transaction on Thursday, February 17th. The shares were sold at an average price of $20.79, for a total transaction of $41,580.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Devin Satz sold 2,779 shares of the stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $21.00, for a total transaction of $58,359.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,592 shares of company stock worth $722,704. 21.55% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in FVCB. Fourthstone LLC raised its stake in shares of 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 acquiring an additional 239,922 shares during the period. Bridgewater Advisors Inc. raised its stake in shares of 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 acquiring an additional 78,219 shares during the period. Citadel Advisors LLC purchased a new stake in shares of FVCBankcorp in the third quarter valued at $1,354,000. Chicago Capital Management LLC bought a new position in shares of FVCBankcorp in the fourth quarter worth about $898,000. Finally, Qube Research & Technologies Ltd grew its holdings in shares of FVCBankcorp by 107.0% in the fourth quarter. Qube Research & Technologies Ltd now owns 66,983 shares of the company’s stock worth $1,327,000 after purchasing an additional 34,629 shares during the last quarter. 29.72% of the stock is currently owned by institutional investors and hedge funds.

About FVCBankcorp (Get Rating)

FVCBankcorp, Inc operates as the holding company for FVCbank that provides various banking products and services in Virginia. It offers deposit products, including interest and noninterest-bearing transaction accounts, checking and savings accounts, money market accounts, and certificates of deposit.

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Earnings History and Estimates for FVCBankcorp (NASDAQ:FVCB)

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