Fauquier Bankshares (NASDAQ:FBSS) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of Fauquier Bankshares (NASDAQ:FBSS) from a sell rating to a hold rating in a research note published on Friday morning, ValuEngine reports.

NASDAQ FBSS opened at $21.03 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $79.60 million, a P/E ratio of 11.75 and a beta of 0.43. Fauquier Bankshares has a 12-month low of $18.59 and a 12-month high of $22.70. The firm has a 50-day moving average price of $21.18 and a two-hundred day moving average price of $20.52.

Fauquier Bankshares (NASDAQ:FBSS) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.41 earnings per share (EPS) for the quarter. The firm had revenue of $7.73 million during the quarter. Fauquier Bankshares had a net margin of 19.41% and a return on equity of 10.64%.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were issued a $0.125 dividend. The ex-dividend date was Thursday, December 12th. This represents a $0.50 dividend on an annualized basis and a yield of 2.38%. This is an increase from Fauquier Bankshares’s previous quarterly dividend of $0.12.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Meridian Financial Partners LLC boosted its holdings in Fauquier Bankshares by 1.3% in the 3rd quarter. Meridian Financial Partners LLC now owns 222,671 shares of the financial services provider’s stock valued at $4,326,000 after purchasing an additional 2,830 shares during the period. Eidelman Virant Capital boosted its holdings in Fauquier Bankshares by 4.2% in the 4th quarter. Eidelman Virant Capital now owns 71,500 shares of the financial services provider’s stock valued at $1,519,000 after purchasing an additional 2,900 shares during the period. Finally, Vanguard Group Inc. bought a new stake in Fauquier Bankshares in the 2nd quarter valued at about $308,000. 24.35% of the stock is owned by hedge funds and other institutional investors.

About Fauquier Bankshares

Fauquier Bankshares, Inc operates as the bank holding company for The Fauquier Bank that provides retail banking services to individuals and businesses. The company accepts various deposits, including interest and noninterest-bearing checking, money market, and savings accounts; and time deposits. Its loan portfolio includes commercial and industrial loans, commercial real estate loans, construction and land loans, consumer and student loans, residential real estate loans, and home equity lines of credit.

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