Renaissance Technologies LLC Acquires 31,700 Shares of Fvcbankcorp, Inc. $FVCB

Renaissance Technologies LLC boosted its stake in shares of Fvcbankcorp, Inc. (NASDAQ:FVCB) by 37.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 116,475 shares of the company’s stock after acquiring an additional 31,700 shares during the quarter. Renaissance Technologies LLC’s holdings in Fvcbankcorp were worth $1,769,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Panagora Asset Management Inc. lifted its holdings in shares of Fvcbankcorp by 59.0% in the 4th quarter. Panagora Asset Management Inc. now owns 20,444 shares of the company’s stock worth $284,000 after acquiring an additional 7,590 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Fvcbankcorp during the 3rd quarter worth about $257,000. Wells Fargo & Company MN grew its holdings in Fvcbankcorp by 46.2% during the 4th quarter. Wells Fargo & Company MN now owns 17,305 shares of the company’s stock valued at $241,000 after purchasing an additional 5,469 shares during the last quarter. Advisory Services Network LLC bought a new position in Fvcbankcorp during the 3rd quarter valued at about $195,000. Finally, JPMorgan Chase & Co. raised its position in Fvcbankcorp by 18.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,915 shares of the company’s stock worth $193,000 after purchasing an additional 2,299 shares during the period. 43.61% of the stock is owned by institutional investors.

Fvcbankcorp Trading Up 0.4%

Shares of NASDAQ:FVCB opened at $18.60 on Wednesday. The company has a market capitalization of $335.36 million, a PE ratio of 13.10 and a beta of 0.33. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. Fvcbankcorp, Inc. has a 12-month low of $11.83 and a 12-month high of $19.11. The business’s fifty day simple moving average is $17.51 and its 200-day simple moving average is $16.16.

Fvcbankcorp (NASDAQ:FVCB) last released its quarterly earnings results on Tuesday, July 21st. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. Fvcbankcorp had a net margin of 20.45% and a return on equity of 9.91%. The business had revenue of $21.30 million for the quarter, compared to analysts’ expectations of $19.32 million. As a group, equities research analysts predict that Fvcbankcorp, Inc. will post 1.5 earnings per share for the current fiscal year.

Fvcbankcorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, July 27th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, July 27th. Fvcbankcorp’s dividend payout ratio is presently 19.72%.

Wall Street Analyst Weigh In

Several analysts have issued reports on FVCB shares. Weiss Ratings reissued a “buy (b)” rating on shares of Fvcbankcorp in a research note on Friday, June 26th. Piper Sandler upped their target price on Fvcbankcorp from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.00.

About Fvcbankcorp

Fvcbankcorp is a bank holding company headquartered in Warrenton, Virginia, operating through its wholly owned subsidiary, The Fauquier Bank. The company traces its origins to The Fauquier Bank, which was chartered in 2007 to serve local businesses and individuals in Northern Virginia. Fvcbankcorp provides strategic oversight and support to its community banking operations, guiding growth initiatives and ensuring regulatory compliance across its branch network.

The Fauquier Bank offers a comprehensive range of commercial and retail banking products and services.