Fvcbankcorp (NASDAQ:FVCB) Stock Rating Upgraded by Piper Sandler

Fvcbankcorp (NASDAQ:FVCB) was upgraded by analysts at Piper Sandler to an “overweight” rating in a research note issued on Wednesday, MarketBeat Ratings reports. The firm presently has a $16.00 price objective on the stock. Piper Sandler’s price target would indicate a potential upside of 22.98% from the stock’s current price.

Fvcbankcorp Stock Down 2.0%

Shares of NASDAQ FVCB opened at $13.01 on Wednesday. The stock has a market capitalization of $234.05 million, a PE ratio of 12.76 and a beta of 0.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average of $11.80 and a 200-day moving average of $11.44. Fvcbankcorp has a 52-week low of $9.49 and a 52-week high of $14.50.

Fvcbankcorp (NASDAQ:FVCB) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. The business had revenue of $15.72 million during the quarter, compared to the consensus estimate of $16.09 million. Fvcbankcorp had a return on equity of 8.18% and a net margin of 16.03%. On average, analysts anticipate that Fvcbankcorp will post 1.06 EPS for the current year.

Institutional Investors Weigh In On Fvcbankcorp

Several large investors have recently made changes to their positions in FVCB. GAMMA Investing LLC increased its position in shares of Fvcbankcorp by 4,559.3% in the first quarter. GAMMA Investing LLC now owns 2,516 shares of the company’s stock worth $27,000 after acquiring an additional 2,462 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Fvcbankcorp by 29.9% in the fourth quarter. Wells Fargo & Company MN now owns 9,783 shares of the company’s stock worth $123,000 after acquiring an additional 2,250 shares in the last quarter. Hughes Financial Services LLC acquired a new stake in shares of Fvcbankcorp in the fourth quarter worth $132,000. Jane Street Group LLC acquired a new stake in shares of Fvcbankcorp in the first quarter worth $154,000. Finally, Bank of America Corp DE increased its position in shares of Fvcbankcorp by 43.7% in the fourth quarter. Bank of America Corp DE now owns 16,408 shares of the company’s stock worth $206,000 after acquiring an additional 4,986 shares in the last quarter. Institutional investors and hedge funds own 43.61% of the company’s stock.

About Fvcbankcorp

FVCBankcorp, Inc operates as the bank holding company for FVCbank that provides various banking products and services in Virginia. It offers deposit products, including interest and noninterest-bearing transaction accounts, savings accounts, money market accounts, and certificates of deposit. The company also provides commercial real estate loans; commercial construction loans; commercial loans for various business purposes, such as for working capital, equipment purchases, lines of credit, and government contract financing; small business administration loans; asset-based loans and accounts receivable financing; home equity loans; and consumer loans.