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FVCBankcorp, Inc. (NASDAQ:FVCB – Get Rating) shares are going to split on the morning of Wednesday, February 1st. The 5-4 split was announced on Wednesday, February 1st. The newly issued shares will be distributed to shareholders after the market closes on Wednesday, February 1st.
FVCBankcorp Trading Down 1.9 %
NASDAQ:FVCB opened at $19.02 on Monday. FVCBankcorp has a one year low of $18.00 and a one year high of $21.90. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $266.13 million, a P/E ratio of 10.57 and a beta of 0.31. The firm has a 50-day simple moving average of $19.44 and a 200-day simple moving average of $19.36.
FVCBankcorp (NASDAQ:FVCB – Get Rating) last released its earnings results on Thursday, October 20th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. The company had revenue of $18.10 million for the quarter, compared to the consensus estimate of $18.10 million. FVCBankcorp had a net margin of 33.48% and a return on equity of 13.34%. Equities analysts anticipate that FVCBankcorp will post 1.84 EPS for the current fiscal year.
Analysts Set New Price Targets
Separately, Piper Sandler restated an “overweight” rating and issued a $22.00 price target on shares of FVCBankcorp in a research note on Monday, December 5th.
Insider Buying and Selling at FVCBankcorp
In other news, Director Thomas L. /Va/ Patterson sold 5,000 shares of FVCBankcorp stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $20.59, for a total transaction of $102,950.00. Following the completion of the sale, the director now directly owns 25,874 shares of the company’s stock, valued at approximately $532,745.66. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Thomas L. /Va/ Patterson sold 5,000 shares of the stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $20.59, for a total transaction of $102,950.00. Following the completion of the sale, the director now owns 25,874 shares in the company, valued at $532,745.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Marc N. Duber acquired 2,585 shares of the stock in a transaction that occurred on Wednesday, December 14th. The stock was purchased at an average price of $19.34 per share, for a total transaction of $49,993.90. Following the completion of the transaction, the director now owns 2,585 shares in the company, valued at $49,993.90. The disclosure for this purchase can be found here. Insiders have sold a total of 27,046 shares of company stock valued at $539,089 over the last quarter. 21.55% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC increased its stake in shares of FVCBankcorp by 1.1% during the 3rd quarter. Nuveen Asset Management LLC now owns 48,639 shares of the company’s stock valued at $933,000 after acquiring an additional 511 shares during the last quarter. BNP Paribas Arbitrage SNC grew its holdings in FVCBankcorp by 19.0% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 3,701 shares of the company’s stock worth $71,000 after acquiring an additional 590 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of FVCBankcorp by 6.7% in the 3rd quarter. Royal Bank of Canada now owns 10,746 shares of the company’s stock valued at $206,000 after buying an additional 679 shares during the period. BlackRock Inc. boosted its holdings in shares of FVCBankcorp by 1.0% in the 1st quarter. BlackRock Inc. now owns 90,638 shares of the company’s stock valued at $1,881,000 after buying an additional 857 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in shares of FVCBankcorp by 58.6% in the 2nd quarter. Lazard Asset Management LLC now owns 2,472 shares of the company’s stock valued at $46,000 after buying an additional 913 shares during the period. Institutional investors and hedge funds own 38.10% of the company’s stock.
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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