Piper Sandler Issues Positive Forecast for Fvcbankcorp (NASDAQ:FVCB) Stock Price

Fvcbankcorp (NASDAQ:FVCB) had its target price hoisted by Piper Sandler from $19.00 to $21.00 in a research note published on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Fvcbankcorp in a research note on Friday, June 26th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $21.00.

Fvcbankcorp Stock Performance

Shares of Fvcbankcorp stock opened at $18.23 on Monday. The business has a 50-day moving average of $16.86 and a 200 day moving average of $15.81. Fvcbankcorp has a 12 month low of $11.83 and a 12 month high of $18.41. The stock has a market capitalization of $328.14 million, a price-to-earnings ratio of 12.84 and a beta of 0.34. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03.

Fvcbankcorp (NASDAQ:FVCB) last released its earnings results on Tuesday, July 21st. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. The company had revenue of $20.45 million during the quarter, compared to the consensus estimate of $19.32 million. Fvcbankcorp had a return on equity of 9.91% and a net margin of 20.45%. As a group, sell-side analysts forecast that Fvcbankcorp will post 1.47 earnings per share for the current year.

Fvcbankcorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, July 27th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, July 27th. Fvcbankcorp’s dividend payout ratio (DPR) is presently 19.72%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FVCB. Bank of New York Mellon Corp increased its holdings in Fvcbankcorp by 2.4% during the 1st quarter. Bank of New York Mellon Corp now owns 35,589 shares of the company’s stock worth $541,000 after purchasing an additional 831 shares during the period. Rhumbline Advisers raised its position in Fvcbankcorp by 5.9% in the 2nd quarter. Rhumbline Advisers now owns 25,279 shares of the company’s stock valued at $298,000 after purchasing an additional 1,418 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Fvcbankcorp by 115.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,964 shares of the company’s stock valued at $38,000 after buying an additional 1,589 shares during the period. Bank of America Corp DE boosted its stake in shares of Fvcbankcorp by 13.3% in the 1st quarter. Bank of America Corp DE now owns 14,631 shares of the company’s stock valued at $222,000 after buying an additional 1,716 shares during the period. Finally, Barclays PLC grew its position in shares of Fvcbankcorp by 6.1% during the fourth quarter. Barclays PLC now owns 32,710 shares of the company’s stock worth $455,000 after buying an additional 1,891 shares in the last quarter. 43.61% of the stock is currently owned by hedge funds and other institutional investors.

Fvcbankcorp Company Profile

Fvcbankcorp is a bank holding company headquartered in Warrenton, Virginia, operating through its wholly owned subsidiary, The Fauquier Bank. The company traces its origins to The Fauquier Bank, which was chartered in 2007 to serve local businesses and individuals in Northern Virginia. Fvcbankcorp provides strategic oversight and support to its community banking operations, guiding growth initiatives and ensuring regulatory compliance across its branch network.

The Fauquier Bank offers a comprehensive range of commercial and retail banking products and services.