NasdaqCM:FVCB

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Flawless balance sheet and undervalued.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.0%

FVCB

-3.8%

US Banks

1.3%

US Market


1 Year Return

-49.0%

FVCB

-30.8%

US Banks

6.1%

US Market

Return vs Industry: FVCB underperformed the US Banks industry which returned -28.3% over the past year.

Return vs Market: FVCB underperformed the US Market which returned 6.7% over the past year.


Shareholder returns

FVCBIndustryMarket
7 Day-5.0%-3.8%1.3%
30 Day-12.0%-19.8%-0.3%
90 Day-23.3%-10.1%16.6%
1 Year-49.0%-49.0%-28.3%-30.8%8.4%6.1%
3 Year-36.2%-36.2%-20.8%-27.1%35.8%26.9%
5 Year3.3%3.3%0.8%-11.4%62.7%44.7%

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?

38.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FVCB ($9.95) is trading below our estimate of fair value ($16.17)

Significantly Below Fair Value: FVCB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FVCB is good value based on its PE Ratio (8.8x) compared to the Banks industry average (9.2x).

PE vs Market: FVCB is good value based on its PE Ratio (8.8x) compared to the US market (16.2x).


Price to Earnings Growth Ratio

PEG Ratio: FVCB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: FVCB is good value based on its PB Ratio (0.8x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is FVCBankcorp forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-8.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FVCB's earnings are forecast to decline over the next 3 years (-8.7% per year).

Earnings vs Market: FVCB's earnings are forecast to decline over the next 3 years (-8.7% per year).

High Growth Earnings: FVCB's earnings are forecast to decline over the next 3 years.

Revenue vs Market: FVCB's revenue (0.1% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: FVCB's revenue (0.1% 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 (5.3%).


Next Steps

Past Performance

How has FVCBankcorp performed over the past 5 years?

23.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FVCB has high quality earnings.

Growing Profit Margin: FVCB's current net profit margins (32.1%) are higher than last year (27.6%).


Past Earnings Growth Analysis

Earnings Trend: FVCB's earnings have grown significantly by 23.8% per year over the past 5 years.

Accelerating Growth: FVCB's earnings growth over the past year (32.4%) exceeds its 5-year average (23.8% per year).

Earnings vs Industry: FVCB earnings growth over the past year (32.4%) exceeded the Banks industry 1.8%.


Return on Equity

High ROE: FVCB's Return on Equity (8.8%) is considered low.


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


Financial Institutions Analysis

Asset Level: FVCB's Assets to Equity ratio (9x) is low.

Allowance for Bad Loans: FVCB has a sufficient allowance for bad loans (126%).

Low Risk Liabilities: 94% of FVCB's liabilities are made up of primarily low risk sources of funding.

Loan Level: FVCB has an appropriate level of Loans to Assets ratio (79%).

Low Risk Deposits: FVCB's Loans to Deposits ratio (95%) is appropriate.

Level of Bad Loans: FVCB has an appropriate level of bad loans (0.7%).


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

How experienced are the management team and are they aligned to shareholders interests?

5.5yrs

Average management tenure


CEO

David Pijor (68yo)

5.5yrs

Tenure

US$1,704,894

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 ($USD1.70M) is above average for companies of similar size in the US market ($USD610.56K).

Compensation vs Earnings: David's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
David Pijor
Chairman & CEO5.5yrsUS$1.70m1.61% $2.1m
Patricia Ferrick
President3.5yrsUS$775.11k0.36% $481.8k
William Byers
Executive VP & Chief Lending Officer9.33yrsUS$513.78k0.034% $45.1k
Jennifer Deacon
Executive VP & CFO2.83yrsno data0.059% $78.3k
B. Dempsey
Executive VP & COO5.5yrsUS$331.14k0.14% $182.7k
Michelle Buckles
Senior VP & Director of Complianceno datano datano data
Alberta Gibson
Senior VP & Director of Human Resourcesno datano datano data
Michael Nassy
Executive VP & Chief Credit Officer8.5yrsno data0.086% $115.7k
Terry Frey
Senior Vice President of Loan Operationsno datano datano data
Jacqueline Marbell-Edson
Senior Vice President of Credit Administrationno datano datano data

5.5yrs

Average Tenure

58yo

Average Age

Experienced Management: FVCB's management team is seasoned and experienced (5.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Pijor
Chairman & CEO5.5yrsUS$1.70m1.61% $2.1m
Patricia Ferrick
President3.5yrsUS$775.11k0.36% $481.8k
Scott Laughlin
Independent Director10.5yrsUS$76.65k0.51% $681.5k
Lawrence Schwartz
Independent Director5.5yrsUS$86.95k0.29% $382.5k
Thomas Patterson
Independent Director5.5yrsUS$85.35k0.86% $1.2m
Sidney Simmonds
Independent Director8.5yrsUS$75.85k0.22% $297.0k
L. Gunn
Vice Chairman & lead Independent Director5.5yrsUS$84.35k0.16% $219.3k
Daniel Testa
Independent Director5.5yrsUS$75.15k1.0% $1.3m
Devin Satz
Independent Director5.5yrsUS$74.85k0.58% $771.4k
Phillip Wills
Independent Director10.5yrsUS$81.20k1.45% $1.9m

5.5yrs

Average Tenure

65.5yo

Average Age

Experienced Board: FVCB's board of directors are considered experienced (5.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$133.862m
  • Shares outstanding: 13.45m
  • 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 in Virginia. It offers deposit products, including interest and noninterest-bearing transaction accounts, checking and savings accounts, money market accounts, and certificates of deposit. The company also provides commercial real estate loans; commercial construction loans; commercial loans for various business purposes, such as for working capital, equipment purchases, lines of credit, and government contract financing; SBA loans; asset based loans and accounts receivable financing; home equity loans; and consumer loans. In addition, it offers business and consumer credit cards; merchant services; business insurance products; and online banking, remote deposit, and mobile banking services. The company serves the banking needs of commercial businesses, nonprofit organizations, professional service entities, and their respective owners and employees located in the greater Washington, D.C. and Baltimore metropolitan areas. FVCBankcorp, Inc. operates through a main office in Fairfax, Virginia. It also operates a network of 11 additional branch offices in Arlington, Virginia; Ashburn, Loudoun County, Virginia; the independent city of Manassas, Virginia; Reston, Fairfax County, Virginia; Springfield, Fairfax County, Virginia; and Montgomery County and Baltimore, Maryland, a loan production office in Lutherville, Maryland. FVCBankcorp, Inc. was founded in 2007 and is headquartered in Fairfax, Virginia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/10 00:06
End of Day Share Price2020/07/09 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.