FVCBankcorp (NASDAQ:FVCB) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

FVCBankcorp (NASDAQ:FVCB) posted its earnings results on Tuesday. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $15.07 million.

FVCBankcorp Price Performance

FVCB opened at $13.03 on Friday. FVCBankcorp has a 1 year low of $9.78 and a 1 year 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 company has a market capitalization of $234.34 million, a price-to-earnings ratio of 54.29 and a beta of 0.22. The firm’s fifty day moving average price is $12.36 and its two-hundred day moving average price is $11.56.

Insider Activity

In other FVCBankcorp 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 completion of 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 SEC, which is accessible through the SEC website. In other FVCBankcorp news, Director Phillip R. Wills III sold 4,848 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 74,535 shares in the company, valued at $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 is available through the SEC website. Also, EVP Sharon L. Jackson sold 2,400 shares of FVCBankcorp 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 sale, the executive vice president now owns 28,595 shares in the company, valued at $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 sold a total of 11,162 shares of company stock worth $128,427 over the last quarter. 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.