Chief Lending Officer William Byers Sells 15,081 Shares of FVCBankcorp Inc
William Byers, Chief Lending Officer of FVCBankcorp Inc (NASDAQ:FVCB), executed a sale of 15,081 shares in the company on February 12, 2024, according to a recent SEC Filing. The transaction was carried out at an average price of $12.01 per share, resulting in a total value of $181,172.81.
FVCBankcorp Inc is a bank holding company that provides commercial banking services. The company's offerings include business and personal banking services, focusing on the metropolitan Washington, D.C. market. Its services encompass a range of financial products, including loans, deposits, wealth management, and other banking services tailored to its clients.
Over the past year, the insider has sold a total of 20,081 shares and has not made any purchases of the company's stock. This latest transaction continues a pattern of sales by the insider, with no recorded buys in the same period.
The insider transaction history for FVCBankcorp Inc shows a trend of more insider sales than buys over the past year. There have been 2 insider buys and 17 insider sells during this timeframe.
On the date of the insider's recent sale, shares of FVCBankcorp Inc were trading at $12.01, giving the company a market cap of $211.013 million. The price-earnings ratio stood at 59.25, which is above both the industry median of 9.2 and the company's historical median price-earnings ratio.
The stock's price of $12.01 compared to the GuruFocus Value of $13.98 suggests that FVCBankcorp Inc was trading at a price-to-GF-Value ratio of 0.86, indicating that the stock was considered Modestly Undervalued based on its GF Value.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
