FVCBankcorp (NASDAQ:FVCB) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

FVCBankcorp (NASDAQ:FVCB) issued its quarterly earnings data 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 Trading Up 2.3 %

NASDAQ:FVCB traded up $0.27 during midday trading on Thursday, hitting $11.87. 10,430 shares of the company traded hands, compared to its average volume of 19,374. The firm has a market capitalization of $216.03 million, a P/E ratio of 43.96 and a beta of 0.28. The firm’s fifty day moving average is $12.94 and its 200-day moving average is $12.51. FVCBankcorp has a 12-month low of $9.78 and a 12-month high of $14.50. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.09.

Insiders Place Their Bets

In other news, Chairman David W. Pijor sold 2,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $13.50, for a total value of $27,000.00. Following the sale, the chairman now directly owns 466,566 shares in the company, valued at approximately $6,298,641. This represents a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 13.99% of the stock is owned by insiders.

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.