FVCBankcorp, Inc. (NASDAQ:FVCB) Expected to Post Quarterly Sales of $16.53 Million

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FVCBankcorp logoAnalysts predict that FVCBankcorp, Inc. (NASDAQ:FVCB – Get Rating) will report $16.53 million in sales for the current fiscal quarter, reports Zacks Investment Research. Two analysts have made estimates of FVCBankcorp’s earnings, with the highest sales estimate of $16.64 million and the lowest estimate of $16.42 million. FVCBankcorp recorded sales of $14.83 million in the same quarter last year, suggesting a positive year-over-year growth rate of 11.5%. The company is expected to release its next results on Monday, January 1.

According to Zacks, analysts expect FVCBankcorp to report annual revenue of $68.70 million for the current fiscal year, with estimates ranging from $68.30 to $69.10 million. For the next fiscal year, analysts expect the company to post sales of $76.67 million, with estimates ranging from $76.60 to $76.74 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts who cover FVCBankcorp.

FVCBankcorp (NASDAQ:FVCB – Get Rating) last released its quarterly results on Wednesday, January 26. The company reported earnings per share of $0.45 for the quarter, beating Thomson Reuters consensus estimate of $0.37 by $0.08. The company posted revenue of $17.00 million for the quarter, compared to $17.02 million expected by analysts. FVCBankcorp had a net margin of 30.16% and a return on equity of 11.45%.

The FVCB has been the subject of several analyst reports. Piper Sandler reiterated an “overweight” rating and set a price target of $23.50 on FVCBankcorp stock in a Tuesday, Feb. 1 research report. Raymond James upgraded FVCBankcorp shares from an ‘outperform’ rating to a ‘strong buy’ rating and raised his price target for the stock from $23.00 to $25.00 in a report research on Monday, January 24. Finally, Zacks Investment Research upgraded FVCBankcorp shares from a “hold” rating to a “buy” rating and set a price target of $23.00 on the stock in a Tuesday, April 5 research report.

Separately, insider William G. Byers sold 2,000 shares of the company in a trade on Thursday, February 17. The shares were sold at an average price of $20.79, for a total transaction of $41,580.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, Executive Vice President Sharon L. Jackson sold 3,000 shares of the company in a transaction on Monday, January 31. The shares were sold at an average price of $20.27, for a total transaction of $60,810.00. The disclosure of this sale can be found here. Insiders sold 33,592 shares of the company worth $701,954 in the past 90 days. Insiders of the company hold 22.25% of the shares of the company.

A number of hedge funds and other institutional investors have recently changed their positions in the stock. Lazard Asset Management LLC bought a new position in FVCBankcorp during the fourth quarter worth approximately $30,000. Royal Bank of Canada increased its holdings in FVCBankcorp by 24.5% in the second quarter. Royal Bank of Canada now owns 9,954 shares of the company worth $172,000 after buying an additional 1,962 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in FVCBankcorp during the fourth quarter worth approximately $173,000. Grant GrossMendelsohn LLC bought a new position in FVCBankcorp during the third quarter worth approximately $201,000. Finally, Diametric Capital LP bought a new position in FVCBankcorp during the fourth quarter worth approximately $251,000. 29.72% of the shares are held by institutional investors and hedge funds.

Shares of NASDAQ:FVCB traded down $0.03 on Friday, hitting $19.87. 45 shares of the company were traded, against an average volume of 33,466. The company has a fifty-day moving average of $20.81 and a 200-day moving average of $20.45. FVCBankcorp has a 12-month low of $16.18 and a 12-month high of $21.49. The company has a market capitalization of $276.81 million, a price-earnings ratio of 13.27 and a beta of 0.31. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt ratio of 0.21.

FVCBankcorp Company Profile (Get an assessment)

FVCBankcorp, Inc operates as a bank holding company, which engages in the provision of commercial banking services. The company also offers online banking, mobile banking and remote deposit service. It serves small and medium-sized businesses, professionals, non-profit organizations and associations, and investors residing and working in and near its service area.

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Earnings History and Estimates for FVCBankcorp (NASDAQ:FVCB)



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