Equities analysts predict that FVCBankcorp, Inc. (NASDAQ:FVCB) will report $14.72 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for FVCBankcorp’s earnings, with estimates ranging from $14.58 million to $14.86 million. FVCBankcorp posted sales of $13.38 million during the same quarter last year, which suggests a positive year-over-year growth rate of 10%. The company is scheduled to announce its next earnings report on Thursday, July 22nd.
According to Zacks, analysts expect that FVCBankcorp will report full year sales of $59.28 million for the current year, with estimates ranging from $58.49 million to $60.07 million. For the next financial year, analysts anticipate that the firm will report sales of $61.24 million, with estimates ranging from $59.93 million to $62.55 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow FVCBankcorp.
FVCBankcorp (NASDAQ:FVCB) last announced its quarterly earnings results on Thursday, April 22nd. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. The business had revenue of $14.83 million during the quarter, compared to the consensus estimate of $15.18 million. FVCBankcorp had a net margin of 24.79% and a return on equity of 9.77%.
Separately, Zacks Investment Research cut shares of FVCBankcorp from a “buy” rating to a “hold” rating in a research report on Wednesday, June 2nd.
NASDAQ:FVCB opened at $17.75 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $242.09 million, a PE ratio of 14.43 and a beta of 0.40. The business’s 50 day moving average is $17.76. FVCBankcorp has a fifty-two week low of $9.35 and a fifty-two week high of $19.34.
A number of large investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its stake in FVCBankcorp by 7.6% during the 1st quarter. Royal Bank of Canada now owns 7,992 shares of the company’s stock worth $139,000 after acquiring an additional 564 shares in the last quarter. Wells Fargo & Company MN raised its stake in FVCBankcorp by 4.1% during the 4th quarter. Wells Fargo & Company MN now owns 29,186 shares of the company’s stock worth $428,000 after acquiring an additional 1,143 shares in the last quarter. UBS Group AG raised its stake in FVCBankcorp by 55.5% during the 1st quarter. UBS Group AG now owns 3,630 shares of the company’s stock worth $63,000 after acquiring an additional 1,295 shares in the last quarter. Citigroup Inc. raised its stake in FVCBankcorp by 298.4% during the 4th quarter. Citigroup Inc. now owns 2,263 shares of the company’s stock worth $33,000 after acquiring an additional 1,695 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in FVCBankcorp by 5.6% during the 1st quarter. JPMorgan Chase & Co. now owns 38,194 shares of the company’s stock worth $662,000 after acquiring an additional 2,017 shares in the last quarter. Hedge funds and other institutional investors own 29.73% of the company’s stock.
About FVCBankcorp
FVCBankcorp, Inc operates as the holding company for FVCbank that provides various banking products and services in Virginia. It offers deposit products, including interest and noninterest-bearing transaction accounts, checking and savings accounts, money market accounts, and certificates of deposit.
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