FVCBankcorp (NASDAQ: FVCB) demoted by Zacks Investment Research to keep

0


FVCBankcorp (NASDAQ: FVCB) was downgraded by Zacks Investment Research from a “buy” rating to a “keep” rating in a research report released Wednesday, Zacks.com reports.

According to Zacks, “FVCBankcorp, Inc. provides personal and business banking products and services. It provides chequing and savings accounts, money market accounts, certificates of deposit, individual retirement accounts, bank accounts, etc. ” health savings, business lines of credit, automated corporate overdraft lines, business loans, business construction loans, business loans for emerging home builders, and business loans for professionals; loans commercial real estate, including office, retail, industrial, warehouse / flexible space, not-for-profit, mini-storage, multi-family, commercial construction, residential / multi-family construction, land acquisition and bridging loans; home equity and lines of credit; auto and personal loans, and overdraft lines of credit on accounts personal transactions as well as credit cards and online banking FVCBankcorp, Inc. is headquartered in Fairfax, Virginia. “

Separately, Raymond James increased his target price on FVCBankcorp shares from $ 21.00 to $ 23.00 and gave the company an “outperformance” rating in a report released on Friday, November 12.

NASDAQ FVCB shares opened at $ 19.80 on Wednesday. The company has a market cap of $ 270.90 million, a PE ratio of 13.94 and a beta of 0.37. FVCBankcorp has a 12 month low of $ 13.65 and a 12 month high of $ 21.49. The company has a debt ratio of 0.22, a current ratio of 0.93, and a quick ratio of 0.93. The company has a 50-day simple moving average of $ 20.26 and a 200-day simple moving average of $ 19.61.

(A d)

This guide will help you identify and execute an options trading strategy that matches your specific needs and risk profile.

Take your trading to the next level with the Options Strategy Guide.

FVCBankcorp (NASDAQ: FVCB) last reported its results on Thursday, November 4. The company reported earnings per share (EPS) of $ 0.40 for the quarter, beating analyst consensus estimates of $ 0.37 by $ 0.03. FVCBankcorp had a net margin of 28.64% and a return on equity of 10.94%. The company posted revenue of $ 15.54 million in the quarter, compared to the consensus estimate of $ 14.93 million. On average, analysts predict that FVCBankcorp will post 1.33 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of FVCB. Morgan Stanley increased its stake in FVCBankcorp by 26.2% in the first quarter. Morgan Stanley now owns 46,887 shares of the company valued at $ 812,000 after acquiring an additional 9,726 shares in the last quarter. Ergoteles LLC acquired a new equity interest in FVCBankcorp during the second quarter valued at $ 867,000. Dimensional Fund Advisors LP increased its holdings of FVCBankcorp shares by 32.7% in the second quarter. Dimensional Fund Advisors LP now owns 49,310 shares of the company valued at $ 851,000 after purchasing an additional 12,155 shares during the period. Evermay Wealth Management LLC acquired a new equity interest in FVCBankcorp during the second quarter valued at $ 112,000. Finally, Renaissance Technologies LLC increased its equity stake in FVCBankcorp by 181.6% during the second quarter. Renaissance Technologies LLC now owns 72,600 shares of the company valued at $ 1,253,000 after purchasing an additional 46,820 shares during the period. 27.72% of the shares are currently held by hedge funds and other institutional investors.

About FVCBankcorp

FVCBankcorp, Inc. operates as a bank holding company, which provides 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 living and working in and near its service area.

Featured Article: What Are the Benefits of the Stochastic Dynamics Index?

Get a Free Copy of Zacks’ Research Report on FVCBankcorp (FVCB)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in FVCBankcorp now?

Before you consider FVCBankcorp, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of… and FVCBankcorp was not on the list.

While FVCBankcorp currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here


Share.

Comments are closed.