FVCBankcorp, Inc. (NASDAQ:FVCB) Sees Large Drop in Short Interest

FVCBankcorp, Inc. (NASDAQ:FVCB) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 99,900 shares, a decrease of 8.5% from the August 15th total of 109,200 shares. Based on an average daily volume of 28,100 shares, the days-to-cover ratio is presently 3.6 days.

FVCBankcorp Trading Down 0.2 %

Shares of FVCBankcorp stock opened at $12.75 on Thursday. The stock has a market cap of $229.31 million, a PE ratio of 53.13 and a beta of 0.22. The firm has a fifty day moving average price of $11.74 and a 200 day moving average price of $11.41. FVCBankcorp has a 1 year low of $9.78 and a 1 year high of $15.39. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.00 and a quick ratio of 1.00.

FVCBankcorp (NASDAQ:FVCB) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. The company had revenue of $28.84 million for the quarter, compared to the consensus estimate of $14.08 million. FVCBankcorp had a return on equity of 7.16% and a net margin of 4.44%. Equities research analysts predict that FVCBankcorp will post 0.92 earnings per share for the current year.

Insider Buying and Selling at FVCBankcorp

In other news, Director Phillip R. Wills III sold 4,848 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $11.48, for a total transaction of $55,655.04. Following the sale, the director now directly owns 74,535 shares of the company’s stock, valued at $855,661.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Phillip R. Wills III sold 4,848 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $11.48, for a total value of $55,655.04. Following the completion of the transaction, the director now directly owns 74,535 shares in the company, valued at $855,661.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Sharon L. Jackson sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $10.61, for a total value of $25,464.00. Following the completion of the sale, the executive vice president now owns 28,595 shares in the company, valued at approximately $303,392.95. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,668 shares of company stock worth $133,552. 13.99% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FVCBankcorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its position in shares of FVCBankcorp by 69.2% during the 1st quarter. BNP Paribas Financial Markets now owns 7,707 shares of the company’s stock valued at $94,000 after buying an additional 3,152 shares in the last quarter. Princeton Capital Management LLC purchased a new position in FVCBankcorp during the second quarter valued at $109,000. Chevy Chase Trust Holdings LLC grew its position in shares of FVCBankcorp by 45.8% in the second quarter. Chevy Chase Trust Holdings LLC now owns 19,687 shares of the company’s stock valued at $215,000 after purchasing an additional 6,187 shares during the period. Bank of New York Mellon Corp grew its position in shares of FVCBankcorp by 17.1% in the second quarter. Bank of New York Mellon Corp now owns 52,884 shares of the company’s stock valued at $577,000 after purchasing an additional 7,709 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of FVCBankcorp by 7.9% during the first quarter. Empowered Funds LLC now owns 47,925 shares of the company’s stock worth $584,000 after purchasing an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 43.61% of the company’s stock.

FVCBankcorp Company Profile

FVCBankcorp, Inc operates as the bank holding company for FVCbank that provides various banking products and services in Virginia. It offers deposit products, including interest and noninterest-bearing transaction accounts, 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; small business administration loans; asset-based loans and accounts receivable financing; home equity loans; and consumer loans.