FVCBANKCORP Inc/SH (OTCMKTS:FVCB) Stock Rating Upgraded by Zacks Investment Research
FVCBANKCORP Inc/SH (OTCMKTS:FVCB) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, Zacks.com reports. The brokerage currently has a $11.00 price objective on the stock. Zacks Investment Research‘s price objective points to a potential upside of 8.70% from the stock’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. “
Separately, Raymond James downgraded FVCBANKCORP Inc/SH from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 28th.
FVCBANKCORP Inc/SH (OTCMKTS:FVCB) last posted its earnings results on Thursday, April 23rd. The company reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. The firm had revenue of $12.90 million during the quarter, compared to analysts’ expectations of $12.70 million.
Hedge funds have recently modified their holdings of the business. Citigroup Inc. raised its position in FVCBANKCORP Inc/SH by 372.6% during the fourth quarter. Citigroup Inc. now owns 2,434 shares of the company’s stock valued at $43,000 after purchasing an additional 1,919 shares during the period. Chevy Chase Trust Holdings Inc. purchased a new stake in FVCBANKCORP Inc/SH during the fourth quarter valued at approximately $103,000. Sontag Advisory LLC purchased a new stake in FVCBANKCORP Inc/SH during the first quarter valued at approximately $145,000. Barclays PLC raised its position in FVCBANKCORP Inc/SH by 100.8% during the fourth quarter. Barclays PLC now owns 12,363 shares of the company’s stock valued at $216,000 after purchasing an additional 6,206 shares during the period. Finally, Stifel Financial Corp bought a new position in shares of FVCBANKCORP Inc/SH during the fourth quarter valued at approximately $271,000. 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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