Fvcbankcorp, Inc. (FVCB) To Go Ex-Dividend on October 26th

Fvcbankcorp, Inc. (NASDAQ:FVCB) declared a quarterly dividend on Thursday, October 15th. Investors of record on Monday, October 26th will be paid a dividend of $0.07 per share on Monday, November 16th. This represents a $0.28 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, October 26th.

Fvcbankcorp Price Performance

Shares of FVCB traded down $1.04 during midday trading on Friday, reaching $17.10. The stock had a trading volume of 152,652 shares, compared to its average volume of 65,673. Fvcbankcorp has a 12-month low of $11.83 and a 12-month high of $19.11. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The company’s 50-day moving average is $18.02 and its 200 day moving average is $17.18. The company has a market capitalization of $308.31 million, a price-to-earnings ratio of 11.55 and a beta of 0.34.

Fvcbankcorp (NASDAQ:FVCB) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). Fvcbankcorp had a return on equity of 10.11% and a net margin of 21.32%. The business had revenue of $18.74 million for the quarter, compared to analysts’ expectations of $20.61 million. On average, equities analysts predict that Fvcbankcorp will post 1.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Sharon Jackson sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $18.62, for a total value of $26,068.00. Following the transaction, the executive vice president owned 22,424 shares of the company’s stock, valued at approximately $417,534.88. This trade represents a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Scott Laughlin sold 8,100 shares of Fvcbankcorp stock in a transaction on Friday, August 21st. The stock was sold at an average price of $18.55, for a total transaction of $150,255.00. Following the transaction, the director owned 174,421 shares in the company, valued at $3,235,509.55. This represents a 4.44% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 11.16% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Fvcbankcorp during the second quarter worth $19,064,000. Ategra Capital Management LLC purchased a new position in shares of Fvcbankcorp during the second quarter worth approximately $7,643,000. Dimensional Fund Advisors LP raised its stake in shares of Fvcbankcorp by 6.5% during the first quarter. Dimensional Fund Advisors LP now owns 302,167 shares of the company’s stock valued at $4,590,000 after acquiring an additional 18,550 shares in the last quarter. Algert Global LLC bought a new stake in shares of Fvcbankcorp during the second quarter valued at approximately $3,809,000. Finally, Renaissance Technologies LLC raised its stake in shares of Fvcbankcorp by 37.4% during the first quarter. Renaissance Technologies LLC now owns 116,475 shares of the company’s stock valued at $1,769,000 after acquiring an additional 31,700 shares in the last quarter. Institutional investors own 43.61% of the company’s stock.

About Fvcbankcorp

FVCBankcorp, Inc is the bank holding company for FVCbank, a community-focused commercial bank headquartered in Fairfax, Virginia. The bank provides financial services to businesses, professionals, nonprofit organizations, government contractors and individuals in the Washington, DC, metropolitan area.

FVCbank offers commercial and consumer deposit accounts, commercial real estate and business lending, residential mortgage lending, construction and development financing, home equity products and personal loans.