FVCBankcorp (NASDAQ:FVCB) Announces Quarterly Earnings Results

FVCBankcorp (NASDAQ:FVCB) issued its earnings results on Thursday. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02, Zacks reports. The business had revenue of $28.84 million during the quarter, compared to analyst estimates of $14.08 million. FVCBankcorp had a return on equity of 7.25% and a net margin of 4.44%.

FVCBankcorp Price Performance

FVCB traded up $0.31 during midday trading on Friday, hitting $12.88. The stock had a trading volume of 28,083 shares, compared to its average volume of 36,590. The company has a market cap of $231.71 million, a P/E ratio of 53.67 and a beta of 0.24. The business has a fifty day moving average of $11.06 and a 200 day moving average of $11.61. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.00 and a current ratio of 1.00. FVCBankcorp has a 1 year low of $9.78 and a 1 year high of $15.39.

Insiders Place Their Bets

In other FVCBankcorp news, Director Phillip R. Wills III sold 10,170 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $11.22, for a total value of $114,107.40. Following the completion of the sale, the director now owns 58,884 shares of the company’s stock, valued at $660,678.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other FVCBankcorp news, Director Devin Satz sold 12,650 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $10.81, for a total value of $136,746.50. Following the completion of the sale, the director now owns 128,910 shares in the company, valued at $1,393,517.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Phillip R. Wills III sold 10,170 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $11.22, for a total value of $114,107.40. Following the completion of the sale, the director now owns 58,884 shares of the company’s stock, valued at approximately $660,678.48. The disclosure for this sale can be found here. Insiders sold a total of 29,945 shares of company stock valued at $328,402 over the last quarter. 13.99% of the stock is owned by corporate insiders.

FVCBankcorp Company Profile

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.