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

FVCBankcorp (NASDAQ:FVCB) announced its earnings results on Thursday. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01, Zacks reports. FVCBankcorp had a return on equity of 7.29% and a net margin of 4.95%.

FVCBankcorp Stock Up 2.3 %

Shares of FVCB traded up $0.27 during mid-day trading on Thursday, hitting $11.87. 10,430 shares of the company traded hands, compared to its average volume of 19,374. The company has a market capitalization of $216.03 million, a PE ratio of 43.96 and a beta of 0.28. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average of $12.94 and a 200 day moving average of $12.51. FVCBankcorp has a 1-year low of $9.78 and a 1-year high of $14.50.

Insider Buying and Selling

In other news, Chairman David W. Pijor sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $13.50, for a total value of $27,000.00. Following the completion of the transaction, the chairman now directly owns 466,566 shares in the company, valued at $6,298,641. This trade represents a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 13.99% of the stock is owned by company insiders.

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.