FVCBankcorp (NASDAQ:FVCB) Announces Quarterly Earnings Results

FVCBankcorp (NASDAQ:FVCB) issued its quarterly earnings results on Tuesday. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01, Yahoo Finance reports. The business had revenue of $30.05 million for the quarter, compared to the consensus estimate of $15.07 million. FVCBankcorp had a return on equity of 7.16% and a net margin of 4.44%.

FVCBankcorp Stock Down 2.6 %

NASDAQ:FVCB traded down $0.35 during mid-day trading on Thursday, hitting $13.03. 14,469 shares of the company’s stock traded hands, compared to its average volume of 23,610. The company has a fifty day moving average of $12.36 and a 200 day moving average of $11.56. 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 twelve month low of $9.78 and a twelve month high of $15.39. The company has a market capitalization of $234.34 million, a P/E ratio of 55.63 and a beta of 0.22.

Insiders Place Their Bets

In other news, Director Phillip R. Wills III sold 4,848 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $11.48, for a total transaction of $55,655.04. Following the transaction, the director now owns 74,535 shares in the company, valued at $855,661.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other FVCBankcorp news, EVP Sharon L. Jackson sold 2,400 shares of FVCBankcorp stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $10.61, for a total transaction of $25,464.00. Following the completion of the sale, the executive vice president now owns 28,595 shares of the company’s stock, valued at approximately $303,392.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Phillip R. Wills III sold 4,848 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $11.48, for a total value of $55,655.04. Following the sale, the director now owns 74,535 shares in the company, valued at approximately $855,661.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,162 shares of company stock valued at $128,427. 13.99% of the stock is currently owned by corporate 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.