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In a recent move, Phillip R. Wills III, a director of FVCBankcorp, Inc. (NASDAQ:FVCB), has sold a significant number of shares in the company. The transactions, which took place between July 30 and August 2, resulted in a total sale value of over $135,000.
Wills sold 914 shares of FVCBankcorp stock at a price of $12.47 on July 30, followed by a sale of 4,848 shares at $11.48 on August 1. The selling continued on August 2 with 6,238 shares being sold at $10.99 per share. These transactions represent a price range of $10.99 to $12.47 for the shares sold during this period.
The sales have adjusted Wills' direct holdings in FVCBankcorp, with the number of shares owned following the transactions standing at 68,297. In addition to these direct holdings, it is noted that there are indirect holdings through family members, including 85,965 shares owned by his spouse and 36,162 shares by offspring.
The company, FVCBankcorp, Inc., headquartered in Fairfax, Virginia, operates as a state commercial bank and is known for providing various banking products and services.
Investors and market watchers often keep a close eye on insider transactions as they may provide insights into the company's performance and insider perspectives on the stock's value. However, these transactions can occur for various reasons and may not always reflect the executive's view on the company's future prospects.
The details of these transactions were formally filed with the Securities and Exchange Commission, with Jennifer L. Deacon, Power of Attorney, signing off on the document on August 12, 2024.
InvestingPro Insights
As FVCBankcorp, Inc. (NASDAQ:FVCB) sees insider transactions, investors are considering the company's financial health and future projections. According to InvestingPro data, FVCBankcorp's market capitalization stands at approximately $196.23 million, with a P/E ratio of 42.84. This valuation indicates that the company is trading at a high earnings multiple, which is a sentiment echoed by one of the InvestingPro Tips, suggesting that investors should be aware of the premium they are paying for the company's earnings.
Despite recent insider sales, analysts predict that FVCBankcorp will be profitable this year, a positive sign for potential investors. This aligns with another InvestingPro Tip that highlights the company's profitability over the last twelve months. Furthermore, the company's revenue for the last twelve months as of Q2 2024 was reported at $44.61 million, although this represents a decline of 21.3% compared to the previous period.
Investors should note that FVCBankcorp does not pay a dividend to shareholders, which may influence investment decisions for those seeking regular income streams. For those looking to delve deeper into FVCBankcorp's financials and insider activities, additional insights are available; there are 6 more InvestingPro Tips listed on the platform for FVCBankcorp, which can be found at https://www.investing.com/pro/FVCB.
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