FVCBankcorp (NASDAQ:FVCB) Announces Earnings Results, Beats Estimates By $0.01 EPS

FVCBankcorp (NASDAQ:FVCB) announced its quarterly earnings data on Tuesday. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01, Yahoo Finance reports. FVCBankcorp had a return on equity of 7.16% and a net margin of 4.44%. The company had revenue of $30.05 million for the quarter, compared to the consensus estimate of $15.07 million.

FVCBankcorp Trading Down 2.6 %

Shares of FVCBankcorp stock traded down $0.35 on Thursday, hitting $13.03. 14,469 shares of the company traded hands, compared to its average volume of 23,610. FVCBankcorp has a 52 week low of $9.78 and a 52 week high of $15.39. The company has a market cap of $234.34 million, a PE ratio of 55.63 and a beta of 0.22. The stock’s 50 day moving average price is $12.36 and its 200-day moving average price is $11.56. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.09.

Insiders Place Their Bets

In other FVCBankcorp news, EVP Sharon L. Jackson sold 2,400 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $10.61, for a total value of $25,464.00. Following the completion of the sale, the executive vice president now directly owns 28,595 shares in the company, valued at approximately $303,392.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Phillip R. Wills III sold 4,848 shares of the stock in a transaction that occurred on 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 directly owns 74,535 shares in the company, valued at approximately $855,661.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sharon L. Jackson sold 2,400 shares of FVCBankcorp stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $10.61, for a total transaction of $25,464.00. Following the transaction, the executive vice president now directly owns 28,595 shares in the company, valued at approximately $303,392.95. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,162 shares of company stock worth $128,427 in the last ninety days. 13.99% of the stock is owned by company 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.