Piper Sandler raised the firm's price target on FVCBankcorp to $19 from $18 and keeps an Overweight rating on the shares. Overall, the firm thought Q1 results looked good for FVCBankcorp, highlighted by strong net interest margin expansion that helped drive the core ROA to 1.2% in the quarter, well ahead of recent trend. While Piper thinks the pace of margin improvement will slow, it still expects some further expansion through 2026 as the commercial real estate book re-prices higher.
