NasdaqCM:FVCB

Stock Analysis Report

Executive Summary

FVCBankcorp, Inc. operates as the holding company for FVCbank that provides various banking products and services Virginia.

Rewards

Trading at 14.9% below its fair value

Earnings are forecast to grow 9.01% per year

Earnings grew by 29.1% over the past year

Risk Analysis

Shareholders have been diluted in the past year



Snowflake Analysis

Solid track record with excellent balance sheet.


Similar Companies

Share Price & News

How has FVCBankcorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FVCB has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.1%

FVCB

0.6%

US Banks

-0.3%

US Market


1 Year Return

-15.3%

FVCB

19.0%

US Banks

18.6%

US Market

Return vs Industry: FVCB underperformed the US Banks industry which returned 19% over the past year.

Return vs Market: FVCB underperformed the US Market which returned 18.6% over the past year.


Shareholder returns

FVCBIndustryMarket
7 Day-1.1%0.6%-0.3%
30 Day-2.3%1.8%2.2%
90 Day2.4%15.8%5.6%
1 Year-15.3%-15.3%22.5%19.0%21.1%18.6%
3 Year28.4%28.4%30.1%21.0%45.6%36.2%
5 Year113.6%113.6%77.5%57.8%71.1%52.2%

Price Volatility Vs. Market

How volatile is FVCBankcorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is FVCBankcorp undervalued compared to its fair value and its price relative to the market?

14.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FVCB ($16.95) is trading below our estimate of fair value ($19.93)

Significantly Below Fair Value: FVCB is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: FVCB is poor value based on its PE Ratio (17.2x) compared to the Banks industry average (12.7x).

PE vs Market: FVCB is good value based on its PE Ratio (17.2x) compared to the US market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: FVCB is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: FVCB is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is FVCBankcorp forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

9.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FVCB's forecast earnings growth (9% per year) is above the savings rate (1.7%).

Earnings vs Market: FVCB's earnings (9% per year) are forecast to grow slower than the US market (14.2% per year).

High Growth Earnings: FVCB's earnings are forecast to grow, but not significantly.

Revenue vs Market: FVCB's revenue (7.4% per year) is forecast to grow faster than the US market (7.4% per year).

High Growth Revenue: FVCB's revenue (7.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FVCB's Return on Equity is forecast to be low in 3 years time (8.9%).


Next Steps

Past Performance

How has FVCBankcorp performed over the past 5 years?

23.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FVCB has high quality earnings.

Growing Profit Margin: FVCB's current net profit margins (28.2%) are higher than last year (27.5%).


Past Earnings Growth Analysis

Earnings Trend: FVCB's earnings have grown significantly by 23% per year over the past 5 years.

Accelerating Growth: FVCB's earnings growth over the past year (29.1%) exceeds its 5-year average (23% per year).

Earnings vs Industry: FVCB earnings growth over the past year (29.1%) exceeded the Banks industry 27.1%.


Return on Equity

High ROE: FVCB's Return on Equity (7.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is FVCBankcorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: FVCB has a low level of unsold assets or inventory.

Debt Coverage by Assets: FVCB's debt is covered by short term assets (assets are 2.7x debt).


Financial Institutions Analysis

Asset Level: FVCB's level of assets compared to its equity is low.

Allowance for Bad Loans: FVCB has a low allowance for bad loans.

Low Risk Liabilities: FVCB's liabilities are made up of primarily low risk sources of funding.

Loan Level: FVCB has an acceptable proportion of non-loan assets held.

Low Risk Deposits: FVCB's loans are broadly funded by customer deposits.

Level of Bad Loans: FVCB has an appropriate level of bad loans (0.84%)


Next Steps

Dividend

What is FVCBankcorp's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate FVCB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate FVCB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FVCB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FVCB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FVCB's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of FVCBankcorp's salary, the management and board of directors tenure and is there insider trading?

4.9yrs

Average management tenure


CEO

David Pijor (67yo)

4.9yrs

Tenure

US$1,273,262

Compensation

Mr. David W. Pijor has been the Chairman of the Board and Chief Executive Officer of FVCBankcorp, Inc. and FVCbank (the "Bank") since its organization and served as its President until July 1, 2017. Mr. Pi ...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD1.27M) is about average for companies of similar size in the US market ($USD1.13M).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.


Management Age and Tenure

4.9yrs

Average Tenure

57yo

Average Age

Experienced Management: FVCB's management team is considered experienced (4.9 years average tenure).


Board Age and Tenure

4.9yrs

Average Tenure

64.5yo

Average Age

Experienced Board: FVCB's board of directors are considered experienced (4.9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$29,99826 Jun 19
L. Gunn
EntityIndividual
Role
Vice Chairman
Vice Chairman & lead Independent Director
Shares4,340
Max PriceUS$6.91
BuyUS$49,99705 Jun 19
Patricia Ferrick
EntityIndividual
Role
Member of the Board of Directors
President
Shares7,812
Max PriceUS$6.40
SellUS$179,44616 May 19
Scott Laughlin
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares10,361
Max PriceUS$18.02
SellUS$42,57503 May 19
Michael Nassy
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Credit Officer
Shares2,596
Max PriceUS$16.41
SellUS$32,64002 May 19
Michael Nassy
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Credit Officer
Shares2,000
Max PriceUS$16.32
SellUS$26,00030 Apr 19
Michael Nassy
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Credit Officer
Shares1,600
Max PriceUS$16.25
SellUS$35,42930 Apr 19
Scott Laughlin
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,163
Max PriceUS$16.39
SellUS$15,83625 Apr 19
Scott Laughlin
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares976
Max PriceUS$16.23
BuyUS$32,36025 Apr 19
Jennifer Deacon
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares2,000
Max PriceUS$16.18
SellUS$17,10002 Apr 19
William Byers
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Lending Officer
Shares1,000
Max PriceUS$17.10
SellUS$36,79826 Mar 19
Michael Nassy
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Credit Officer
Shares2,153
Max PriceUS$17.16
SellUS$3526 Mar 19
Michael Nassy
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Credit Officer
Shares2
Max PriceUS$17.30
SellUS$656,54120 Mar 19
David Pijor
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares38,000
Max PriceUS$17.28
SellUS$236,40919 Mar 19
Lawrence Schwartz
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares13,686
Max PriceUS$17.30
SellUS$13919 Mar 19
Lawrence Schwartz
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares8
Max PriceUS$17.35

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 24.5%.


Management Team

  • Trish Ferrick (57yo)

    President

    • Tenure: 2.9yrs
    • Compensation: US$499.35k
  • David Pijor (67yo)

    Chairman & CEO

    • Tenure: 4.9yrs
    • Compensation: US$1.27m
  • Jennifer Deacon (44yo)

    Executive VP & CFO

    • Tenure: 2.3yrs
  • B. Dempsey (61yo)

    Executive VP & COO

    • Tenure: 4.9yrs
    • Compensation: US$331.14k
  • Mike Nassy (44yo)

    Executive VP & Chief Credit Officer

    • Tenure: 7.9yrs
  • Bill Byers (57yo)

    Executive VP & Chief Lending Officer

    • Tenure: 8.8yrs
  • Michelle Buckles

    Senior VP & Director of Compliance

    • Tenure: 0yrs
  • Terry Frey

    Senior Vice President of Loan Operations

    • Tenure: 0yrs
  • Jacqueline Marbell-Edson

    Senior Vice President of Credit Administration

    • Tenure: 0yrs
  • Bertie Gibson

    Senior VP & Director of Human Resources

    • Tenure: 0yrs

Board Members

  • Scott Laughlin (50yo)

    Independent Director

    • Tenure: 9.9yrs
    • Compensation: US$46.20k
  • Larry Schwartz (64yo)

    Independent Director

    • Tenure: 4.9yrs
    • Compensation: US$55.55k
  • Trish Ferrick (57yo)

    President

    • Tenure: 2.9yrs
    • Compensation: US$499.35k
  • David Pijor (67yo)

    Chairman & CEO

    • Tenure: 4.9yrs
    • Compensation: US$1.27m
  • Tom Patterson (67yo)

    Independent Director

    • Tenure: 4.9yrs
    • Compensation: US$54.55k
  • Sid Simmonds (62yo)

    Independent Director

    • Tenure: 4.9yrs
    • Compensation: US$45.10k
  • L. Gunn (75yo)

    Vice Chairman & lead Independent Director

    • Tenure: 4.9yrs
    • Compensation: US$53.10k
  • Dan Testa (72yo)

    Independent Director

    • Tenure: 4.9yrs
    • Compensation: US$45.30k
  • Devin Satz (65yo)

    Independent Director

    • Tenure: 4.9yrs
    • Compensation: US$44.90k
  • Trey Wills (52yo)

    Independent Director

    • Tenure: 4.9yrs
    • Compensation: US$50.05k

Company Information

FVCBankcorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FVCBankcorp, Inc.
  • Ticker: FVCB
  • Exchange: NasdaqCM
  • Founded: 2007
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$234.918m
  • Shares outstanding: 13.88m
  • Website: https://www.fvcbank.com

Number of Employees


Location

  • FVCBankcorp, Inc.
  • 11325 Random Hills Road
  • Suite 240
  • Fairfax
  • Virginia
  • 22030
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FVCBNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJul 2013

Biography

FVCBankcorp, Inc. operates as the holding company for FVCbank that provides various banking products and services Virginia. It offers deposit products, including interest and noninterest-bearing transactio ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/07 00:43
End of Day Share Price2019/12/06 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.