FVCBankcorp (NASDAQ:FVCB) Issues Quarterly Earnings Results

FVCBankcorp (NASDAQ:FVCB) posted its quarterly earnings data on Thursday. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02, Zacks reports. FVCBankcorp had a net margin of 4.44% and a return on equity of 7.25%. The company had revenue of $28.84 million during the quarter, compared to the consensus estimate of $14.08 million.

FVCBankcorp Trading Up 2.5 %

FVCB stock traded up $0.31 on Friday, hitting $12.88. 28,083 shares of the company were exchanged, compared to its average volume of 36,590. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $231.71 million, a price-to-earnings ratio of 53.67 and a beta of 0.24. FVCBankcorp has a twelve month low of $9.78 and a twelve month high of $15.39. The business’s fifty day moving average is $11.06 and its two-hundred day moving average is $11.61.

Insider Buying and Selling at FVCBankcorp

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

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.