FVCBankcorp (NASDAQ:FVCB) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

FVCBankcorp (NASDAQ:FVCB) issued its quarterly earnings data on Thursday. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02, Zacks reports. FVCBankcorp had a net margin of 4.44% and a return on equity of 7.25%. The firm had revenue of $28.84 million for the quarter, compared to analysts’ expectations of $14.08 million.

FVCBankcorp Stock Performance

Shares of NASDAQ:FVCB traded up $0.31 during trading on Friday, hitting $12.88. The company’s stock had a trading volume of 28,083 shares, compared to its average volume of 36,590. The company has a 50-day moving average of $11.06 and a 200-day moving average of $11.61. FVCBankcorp has a 12 month low of $9.78 and a 12 month high of $15.39. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $231.71 million, a price-to-earnings ratio of 53.67 and a beta of 0.24.

Insider Transactions at FVCBankcorp

In other news, COO B. Todd Dempsey sold 3,133 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $10.82, for a total value of $33,899.06. Following the transaction, the chief operating officer now owns 81,217 shares in the company, valued at approximately $878,767.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other FVCBankcorp news, Director Phillip R. Wills III sold 10,170 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $11.22, for a total transaction of $114,107.40. Following the sale, the director now owns 58,884 shares in the company, valued at approximately $660,678.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO B. Todd Dempsey sold 3,133 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $10.82, for a total transaction of $33,899.06. Following the sale, the chief operating officer now owns 81,217 shares in the company, valued at approximately $878,767.94. The disclosure for this sale can be found here. Insiders have sold 29,945 shares of company stock worth $328,402 in the last quarter. Company insiders own 13.99% of the company’s stock.

FVCBankcorp Company Profile

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.