Proficio Capital Partners LLC Invests $917,000 in Fvcbankcorp, Inc. $FVCB

Proficio Capital Partners LLC purchased a new stake in Fvcbankcorp, Inc. (NASDAQ:FVCB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 52,397 shares of the company’s stock, valued at approximately $917,000. Proficio Capital Partners LLC owned approximately 0.29% of Fvcbankcorp at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in FVCB. BlackRock Inc. acquired a new stake in shares of Fvcbankcorp in the second quarter valued at about $19,064,000. Fourthstone LLC raised its holdings in shares of Fvcbankcorp by 19.6% during the fourth quarter. Fourthstone LLC now owns 1,088,952 shares of the company’s stock valued at $15,147,000 after buying an additional 178,132 shares during the last quarter. Alliancebernstein L.P. grew its position in Fvcbankcorp by 1.1% in the 3rd quarter. Alliancebernstein L.P. now owns 988,020 shares of the company’s stock valued at $12,815,000 after buying an additional 10,690 shares in the last quarter. Ategra Capital Management LLC bought a new position in shares of Fvcbankcorp during the 2nd quarter valued at about $7,643,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Fvcbankcorp by 6.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 302,167 shares of the company’s stock worth $4,590,000 after acquiring an additional 18,550 shares during the last quarter. Hedge funds and other institutional investors own 43.61% of the company’s stock.

Insider Buying and Selling at Fvcbankcorp

In other Fvcbankcorp news, Director Scott Laughlin sold 8,100 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $18.55, for a total transaction of $150,255.00. Following the transaction, the director owned 174,421 shares of the company’s stock, valued at approximately $3,235,509.55. The trade was a 4.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Sharon L. Jackson sold 1,400 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $18.62, for a total value of $26,068.00. Following the transaction, the executive vice president directly owned 22,424 shares in the company, valued at approximately $417,534.88. The trade was a 5.88% decrease in their position. The disclosure for this sale is available in the SEC filing. 11.16% of the stock is currently owned by corporate insiders.

Fvcbankcorp Price Performance

Shares of FVCB opened at $18.14 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50 day moving average price is $17.99 and its two-hundred day moving average price is $16.42. Fvcbankcorp, Inc. has a 52-week low of $11.83 and a 52-week high of $19.11. The firm has a market cap of $327.06 million, a PE ratio of 12.77 and a beta of 0.33.

Fvcbankcorp (NASDAQ:FVCB) last posted its earnings results on Tuesday, July 21st. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. Fvcbankcorp had a net margin of 20.45% and a return on equity of 9.80%. The firm had revenue of $21.30 million during the quarter, compared to the consensus estimate of $19.32 million. On average, equities analysts anticipate that Fvcbankcorp, Inc. will post 1.5 EPS for the current year.

Fvcbankcorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, July 27th were paid a $0.07 dividend. The ex-dividend date of this dividend was Monday, July 27th. This represents a $0.28 annualized dividend and a yield of 1.5%. Fvcbankcorp’s dividend payout ratio (DPR) is presently 19.72%.

Analyst Upgrades and Downgrades

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

Fvcbankcorp Company Profile

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.