FVCBankcorp, Inc. (NASDAQ:FVCB) Expected to Post Earnings of $0.43 Per Share

Wall Street analysts forecast that FVCBankcorp, Inc. (NASDAQ:FVCBGet Rating) will announce earnings of $0.43 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for FVCBankcorp’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.42. FVCBankcorp reported earnings per share of $0.36 during the same quarter last year, which would suggest a positive year over year growth rate of 19.4%. The firm is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that FVCBankcorp will report full-year earnings of $1.77 per share for the current year, with EPS estimates ranging from $1.74 to $1.80. For the next financial year, analysts forecast that the firm will post earnings of $1.87 per share, with EPS estimates ranging from $1.72 to $1.95. Zacks’ EPS averages are an average based on a survey of analysts that cover FVCBankcorp.

FVCBankcorp (NASDAQ:FVCBGet Rating) last issued its earnings results on Thursday, April 21st. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.06. The firm had revenue of $16.68 million for the quarter, compared to the consensus estimate of $16.53 million. FVCBankcorp had a net margin of 31.05% and a return on equity of 11.87%.

Several research analysts have recently issued reports on FVCB shares. Zacks Investment Research upgraded shares of FVCBankcorp from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Tuesday, April 5th. Janney Montgomery Scott downgraded shares of FVCBankcorp from a “buy” rating to a “neutral” rating in a research note on Thursday, June 2nd.

In other news, Director Thomas L. /Va/ Patterson sold 16,000 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $20.20, for a total transaction of $323,200.00. Following the completion of the transaction, the director now directly owns 62,506 shares of the company’s stock, valued at $1,262,621.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.25% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. Fourthstone LLC boosted its position in shares of FVCBankcorp by 92.5% in the first quarter. Fourthstone LLC now owns 817,537 shares of the company’s stock worth $16,964,000 after purchasing an additional 392,921 shares during the period. Vanguard Group Inc. boosted its position in shares of FVCBankcorp by 27.3% in the first quarter. Vanguard Group Inc. now owns 607,550 shares of the company’s stock worth $12,606,000 after purchasing an additional 130,401 shares during the period. Bridgewater Advisors Inc. boosted its position in shares of FVCBankcorp by 90.4% in the fourth quarter. Bridgewater Advisors Inc. now owns 164,713 shares of the company’s stock worth $3,242,000 after purchasing an additional 78,219 shares during the period. Citadel Advisors LLC bought a new position in shares of FVCBankcorp in the third quarter worth approximately $1,354,000. Finally, Chicago Capital Management LLC bought a new position in shares of FVCBankcorp in the fourth quarter worth approximately $898,000. 29.39% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ FVCB opened at $20.34 on Wednesday. The firm’s 50 day moving average price is $20.37 and its 200-day moving average price is $20.44. The company has a market cap of $284.17 million, a PE ratio of 12.96 and a beta of 0.29. FVCBankcorp has a 52-week low of $16.43 and a 52-week high of $21.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.90 and a current ratio of 0.90.

FVCBankcorp Company Profile (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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Earnings History and Estimates for FVCBankcorp (NASDAQ:FVCB)

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