Piper Sandler Equities Analysts Lift Earnings Estimates for FVCBANKCORP Inc/SH (OTCMKTS:FVCB)

Samuel Edwards

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FVCBANKCORP Inc/SH (OTCMKTS:FVCB) – Investment analysts at Piper Sandler lifted their FY2020 earnings estimates for shares of FVCBANKCORP Inc/SH in a report issued on Tuesday, October 27th. Piper Sandler analyst C. Whitman now expects that the company will post earnings per share of $1.07 for the year, up from their prior forecast of $0.96. Piper Sandler also issued estimates for FVCBANKCORP Inc/SH’s Q3 2021 earnings at $0.17 EPS, Q4 2021 earnings at $0.17 EPS, Q1 2022 earnings at $0.21 EPS, Q2 2022 earnings at $0.27 EPS and FY2022 earnings at $1.17 EPS.

FVCBANKCORP Inc/SH (OTCMKTS:FVCB) last released its quarterly earnings results on Thursday, October 22nd. The company reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01.

Separately, Zacks Investment Research cut FVCBANKCORP Inc/SH from a “buy” rating to a “hold” rating in a report on Tuesday, October 6th.

FVCB opened at $12.34 on Thursday. The business’s 50 day moving average is $11.02 and its 200-day moving average is $10.78. FVCBANKCORP Inc/SH has a twelve month low of $9.27 and a twelve month high of $17.64.

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A number of large investors have recently made changes to their positions in FVCB. Geode Capital Management LLC increased its holdings in shares of FVCBANKCORP Inc/SH by 9.4% in the first quarter. Geode Capital Management LLC now owns 157,500 shares of the company’s stock valued at $2,097,000 after buying an additional 13,531 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of FVCBANKCORP Inc/SH by 8.4% in the first quarter. Wells Fargo & Company MN now owns 26,692 shares of the company’s stock valued at $355,000 after buying an additional 2,074 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of FVCBANKCORP Inc/SH in the second quarter valued at $202,000. BNP Paribas Arbitrage SA increased its holdings in shares of FVCBANKCORP Inc/SH by 301.6% in the third quarter. BNP Paribas Arbitrage SA now owns 2,968 shares of the company’s stock valued at $30,000 after buying an additional 2,229 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of FVCBANKCORP Inc/SH by 124.8% in the second quarter. Bank of America Corp DE now owns 5,559 shares of the company’s stock valued at $59,000 after buying an additional 3,086 shares in the last quarter. 4.15% of the stock is currently owned by hedge funds and other institutional investors.

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About FVCBANKCORP Inc/SH

FVCBankcorp, Inc provides various banking products and services in Fairfax, Virginia. It offers various personal and business banking products and services, such as checking and savings accounts, money market accounts, certificates of deposit, individual retirement accounts, and health savings accounts.

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Earnings History and Estimates for FVCBANKCORP Inc/SH (OTCMKTS:FVCB)

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