Piper Sandler resumed coverage of FVCBankcorp with a rating of Overweight and set a new price target of $22.00
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/5/2022 | $22.00 | Overweight | Piper Sandler |
| 7/7/2022 | $25.00 → $22.00 | Strong Buy → Outperform | Raymond James |
| 6/2/2022 | Buy → Neutral | Janney | |
| 2/1/2022 | $23.50 | Overweight | Piper Sandler |
| 1/24/2022 | $23.00 → $25.00 | Outperform → Strong Buy | Raymond James |
| 11/12/2021 | $21.00 → $23.00 | Outperform | Raymond James |
| 8/2/2021 | $19.00 → $21.00 | Outperform | Raymond James |
144 - FVCBankcorp, Inc. (0001675644) (Subject)
SCHEDULE 13G - FVCBankcorp, Inc. (0001675644) (Subject)
10-Q - FVCBankcorp, Inc. (0001675644) (Filer)
FVCBankcorp, Inc. (NASDAQ:FVCB) (the "Company") today reported its financial results for the fourth quarter and full year of 2023. Fourth Quarter Selected Financial Highlights Strong Credit Quality. Nonperforming loans totaled $1.8 million at December 31, 2023, or 0.08% of total assets, a decrease of $2.7 million, or 59%, from the prior year ended December 31, 2022. Net charge-offs of $49 thousand were recorded during the fourth quarter of 2023, or 0.01% of average total loans. Prudent Balance Sheet Repositioning. During the fourth quarter of 2023, the Company sold a portion of its investment portfolio totaling $61.4 million of book value available-for-sale securities with a weighte
FVCBankcorp, Inc. (NASDAQ:FVCB) (the "Company") today reported its financial results for the third quarter of 2023. Third Quarter Selected Financial Highlights Stellar Credit Quality. Nonperforming loans totaled $1.5 million at September 30, 2023, or 0.07% of total assets, and were comprised solely of residential mortgage loans. Net recoveries of $7 thousand were recorded during the third quarter of 2023. Loans on the Company's watchlist decreased to $3.0 million during the quarter ended September 30, 2023, a decrease of 70% from the prior quarter end and 79% from December 31, 2022. Continued Core Deposit Growth and Reduced Reliance on Wholesale Funds. Wholesale funds at September 3
FVCBankcorp, Inc. (NASDAQ:FVCB) (the "Company") today reported its financial results for the second quarter of 2023. Second Quarter Selected Financial Highlights Strong Well Capitalized Balance Sheet. All of the Bank's regulatory capital components and ratios are well in excess of thresholds required to be considered "well capitalized" with total risk based capital to risk-weighted assets of 13.28% at June 30, 2023. Tangible Common Equity ("TCE") to Total Assets ("TA") ratio for FVCbank (the "Bank") increased to 9.22% at June 30, 2023, from 8.92% at March 31, 2023. The Bank's investment securities are classified as available-for-sale, and therefore, the decrease in market value of thes
FVCBankcorp, Inc. (NASDAQ:FVCB) (the "Company") today reported its financial results for the third quarter of 2024. Third Quarter Selected Financial Highlights Enhanced Profitability. Return on average assets for the quarter ended September 30, 2024 was 0.85%, an increase of 21%, from 0.70% for the quarter ended September 30, 2023, and increased 10%, from 0.77%, for the linked quarter ended June 30, 2024. Increased Net Income. Net income increased compared to the year ago quarter and prior quarter. Net income totaled $4.7 million, or $0.25 diluted earnings per share, for the quarter ended September 30, 2024, compared to net income of $4.0 million, or $0.22 diluted earnings per share, f
FVCBankcorp, Inc. (NASDAQ:FVCB) (the "Company") today reported its financial results for the second quarter of 2024. Second Quarter Selected Financial Highlights Increase in Net Income. For the three months ended June 30, 2024, the Company recorded net income of $4.2 million, or $0.23 diluted earnings per share. Compared to the linked quarter, net income increased $2.8 million, from $1.3 million for the three months ended March 31, 2024. Increase in Net Interest Income and Margin. Net interest margin increased 12 basis points, or 5%, to 2.59% for the second quarter of 2024, compared to 2.47% for the first quarter of 2024. Net interest income increased $877 thousand to $13.7 million,
FVCBankcorp, Inc. (NASDAQ:FVCB) (the "Company") today reported its financial results for the first quarter of 2024. First Quarter Selected Financial Highlights Increase in Net Interest Income and Margin. Net interest margin increased 10 basis points, or 4%, to 2.47% for the first quarter of 2024, compared to 2.37% for the fourth quarter of 2023. Net interest income increased $133 thousand to $12.8 million, or 1%, compared to $12.7 million for the fourth quarter of 2023. Interest income increased $176 thousand quarter-over-quarter while interest expense only increased $43 thousand for the same period. Strong Credit Quality. Nonperforming loans totaled $3.0 million at March 31, 2024,
4 - FVCBankcorp, Inc. (0001675644) (Issuer)
4 - FVCBankcorp, Inc. (0001675644) (Issuer)
4 - FVCBankcorp, Inc. (0001675644) (Issuer)
Piper Sandler resumed coverage of FVCBankcorp with a rating of Overweight and set a new price target of $22.00
Raymond James downgraded FVCBankcorp from Strong Buy to Outperform and set a new price target of $22.00 from $25.00 previously
Janney downgraded FVCBankcorp from Buy to Neutral
FVCBankcorp (NASDAQ:FVCB) reported quarterly earnings of $0.20 per share which met the analyst consensus estimate. The company reported quarterly sales of $12.792 million which missed the analyst consensus estimate of $13.315 million by 3.93 percent. This is a 8.72 percent decrease over sales of $14.014 million the same period last year.
President Joe Biden issued a new executive order on artificial intelligence on Monday, making it the first of a kind to require new safety assessments, equity and civil rights guidance, and research on AI’s impact on the labor market. The order is divided into eight sections, which include creating new safety and security standards for AI, protecting consumer privacy, and many others. The announcement comes as financial firms and banks have started to adopt AI-based systems to not only make day-to-day activities easier for staffers, but also make better informed, safer, and profitable loan and credit decisions. However, generative AI also faces some challenges in the financial space, mainly
FVCBankcorp, Inc. (NASDAQ:FVCB) (the "Company") today announced the appointment of Marc N. Duber to the Company's board of directors on September 30, 2022, effective immediately. He has also been appointed as a director of the Company's wholly-owned subsidiary, FVCbank. Mr. Duber possesses a wealth of knowledge, with over four decades of experience in the real estate development industry, providing the ability to support the Company's vision and lend valuable contribution to the Board. He is the executive vice president and chief operating officer of The Bernstein Companies, one of the oldest commercial real estate firms in Washington, D.C., where he began his career in 1980. Mr. Duber foc
SC 13G/A - FVCBankcorp, Inc. (0001675644) (Subject)
SC 13G - FVCBankcorp, Inc. (0001675644) (Subject)
SC 13G/A - FVCBankcorp, Inc. (0001675644) (Subject)