FVCBankcorp, Inc. (NASDAQ:FVCB) Director Sells $323,200.00 in Stock

FVCBankcorp, Inc. (NASDAQ:FVCBGet Rating) Director Thomas L. /Va/ Patterson sold 16,000 shares of the company’s stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $20.20, for a total value of $323,200.00. Following the transaction, the director now directly owns 62,506 shares in the company, valued at $1,262,621.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of FVCB opened at $20.52 on Friday. 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 stock has a 50 day moving average price of $20.63 and a two-hundred day moving average price of $20.50. The firm has a market capitalization of $286.05 million, a P/E ratio of 13.07 and a beta of 0.29. FVCBankcorp, Inc. has a 52 week low of $16.43 and a 52 week high of $21.90.

FVCBankcorp (NASDAQ:FVCBGet Rating) last released its earnings results on Thursday, April 21st. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.06. The company had revenue of $16.68 million during the quarter, compared to analyst estimates of $16.53 million. FVCBankcorp had a return on equity of 11.87% and a net margin of 31.05%. On average, equities analysts forecast that FVCBankcorp, Inc. will post 1.79 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new position in FVCBankcorp in the fourth quarter valued at approximately $30,000. Royal Bank of Canada lifted its stake in FVCBankcorp by 24.5% in the second quarter. Royal Bank of Canada now owns 9,954 shares of the company’s stock valued at $172,000 after purchasing an additional 1,962 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in FVCBankcorp in the fourth quarter valued at approximately $173,000. Diametric Capital LP purchased a new position in FVCBankcorp in the fourth quarter valued at approximately $251,000. Finally, Tudor Investment Corp Et Al purchased a new position in FVCBankcorp in the third quarter valued at approximately $269,000. 29.39% of the stock is owned by institutional investors.

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

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.

Further Reading

Insider Buying and Selling by Quarter for FVCBankcorp (NASDAQ:FVCB)

Receive News & Ratings for FVCBankcorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FVCBankcorp and related companies with MarketBeat.com's FREE daily email newsletter.