FVCBankcorp (NASDAQ:FVCB) Announces Earnings Results

FVCBankcorp (NASDAQ:FVCB) released its quarterly earnings results on Tuesday. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01, Yahoo Finance reports. FVCBankcorp had a net margin of 4.44% and a return on equity of 7.16%.

FVCBankcorp Price Performance

FVCB stock opened at $12.94 on Wednesday. The stock has a 50-day moving average price of $12.30 and a two-hundred day moving average price of $11.55. FVCBankcorp has a 1 year low of $9.78 and a 1 year high of $15.39. The stock has a market cap of $232.73 million, a PE ratio of 53.92 and a beta of 0.22. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.09.

Insider Activity

In related news, Director Phillip R. Wills III sold 4,848 shares of FVCBankcorp stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $11.48, for a total value of $55,655.04. Following the sale, the director now owns 74,535 shares of the company’s stock, valued at approximately $855,661.80. This trade 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 company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $11.48, for a total value of $55,655.04. Following the sale, the director now directly owns 74,535 shares of the company’s stock, valued at approximately $855,661.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sharon L. Jackson sold 2,400 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $10.61, for a total value of $25,464.00. Following the sale, the executive vice president now directly owns 28,595 shares of the company’s stock, valued at $303,392.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,162 shares of company stock worth $128,427 over the last three months. Corporate insiders own 13.99% of the company’s stock.

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.