FVCBANKCORP Inc/SH (OTCMKTS:FVCB) Lifted to Buy at Zacks Investment Research

FVCBANKCORP Inc/SH (OTCMKTS:FVCB) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports. The brokerage currently has a $12.00 price target on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 13.74% from the company’s current price.

According to Zacks, “FVCBankcorp, Inc. offers personal and business banking products and services. It provide checking and savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, business lines of credit, business automated overdraft lines of credit, business loans, business construction loans, business loans for emerging residential builders and business loans for professionals; commercial real estate lending, including office, retail, industrial, warehouse/flex space, non-profit, mini-storage facilities, multi-family, commercial construction, residential/multi-family construction, land acquisitions and bridge loans; home equity loans and lines of credit; automobile and personal loans, as well as overdraft lines of credit on personal checking accounts as well as credit cards and online banking services. FVCBankcorp, Inc. is headquartered in Fairfax, Virginia. “

Shares of OTCMKTS:FVCB traded up $0.21 during trading on Wednesday, reaching $10.55. 32,689 shares of the stock traded hands, compared to its average volume of 23,909. The stock has a 50-day moving average of $10.45 and a two-hundred day moving average of $11.27. FVCBANKCORP Inc/SH has a 52-week low of $9.27 and a 52-week high of $19.62.

FVCBANKCORP Inc/SH (OTCMKTS:FVCB) last issued its earnings results on Thursday, July 23rd. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.03. The company had revenue of $13.38 million during the quarter, compared to analysts’ expectations of $13.24 million.

Several institutional investors have recently modified their holdings of FVCB. Elizabeth Park Capital Advisors Ltd. boosted its stake in shares of FVCBANKCORP Inc/SH by 12.2% during the 1st quarter. Elizabeth Park Capital Advisors Ltd. now owns 595,718 shares of the company’s stock worth $7,935,000 after acquiring an additional 64,838 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of FVCBANKCORP Inc/SH by 53.7% during the 1st quarter. Victory Capital Management Inc. now owns 59,473 shares of the company’s stock worth $792,000 after acquiring an additional 20,773 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of FVCBANKCORP Inc/SH during the 2nd quarter worth $202,000. BlackRock Inc. boosted its stake in shares of FVCBANKCORP Inc/SH by 2.4% during the 1st quarter. BlackRock Inc. now owns 658,958 shares of the company’s stock worth $8,777,000 after acquiring an additional 15,347 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of FVCBANKCORP Inc/SH by 4.1% during the 1st quarter. Alliancebernstein L.P. now owns 357,881 shares of the company’s stock worth $4,767,000 after acquiring an additional 14,253 shares during the last quarter. Institutional investors and hedge funds own 4.15% of the company’s stock.

FVCBANKCORP Inc/SH Company Profile

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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