Short Interest in Fauquier Bankshares, Inc. (NASDAQ:FBSS) Expands By 116.7%

Fauquier Bankshares, Inc. (NASDAQ:FBSS) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 2,600 shares, an increase of 116.7% from the September 30th total of 1,200 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,600 shares, the days-to-cover ratio is currently 0.7 days.

Separately, ValuEngine raised Fauquier Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, September 14th.

NASDAQ FBSS opened at $20.00 on Wednesday. The business has a fifty day moving average price of $19.80 and a 200 day moving average price of $20.67. Fauquier Bankshares has a one year low of $17.21 and a one year high of $23.31. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $75.70 million, a P/E ratio of 11.11 and a beta of 0.42.

Fauquier Bankshares (NASDAQ:FBSS) last posted its quarterly earnings data on Monday, October 21st. The financial services provider reported $0.54 EPS for the quarter. Fauquier Bankshares had a return on equity of 10.99% and a net margin of 19.68%. The firm had revenue of $7.80 million during the quarter.

In other Fauquier Bankshares news, CEO Marc J. Bogan bought 2,420 shares of Fauquier Bankshares stock in a transaction dated Wednesday, August 28th. The stock was acquired at an average cost of $20.57 per share, with a total value of $49,779.40. Following the purchase, the chief executive officer now directly owns 13,536 shares in the company, valued at approximately $278,435.52. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 4.42% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fayez Sarofim & Co acquired a new position in Fauquier Bankshares in the 2nd quarter valued at $205,000. Vanguard Group Inc. acquired a new position in Fauquier Bankshares in the 2nd quarter valued at $308,000. Castine Capital Management LLC raised its stake in Fauquier Bankshares by 17.1% in the 2nd quarter. Castine Capital Management LLC now owns 153,394 shares of the financial services provider’s stock valued at $3,269,000 after purchasing an additional 22,443 shares during the last quarter. Finally, Meridian Financial Partners LLC raised its stake in Fauquier Bankshares by 1.3% in the 3rd quarter. Meridian Financial Partners LLC now owns 222,671 shares of the financial services provider’s stock valued at $4,326,000 after purchasing an additional 2,830 shares during the last quarter. 25.59% of the stock is owned by hedge funds and other institutional investors.

Fauquier Bankshares Company Profile

Fauquier Bankshares, Inc operates as the bank holding company for The Fauquier Bank that provides retail banking services to individuals and businesses. The company accepts various deposits, including interest and noninterest-bearing checking, money market, and savings accounts; and time deposits. Its loan portfolio includes commercial and industrial loans, commercial real estate loans, construction and land loans, consumer and student loans, residential real estate loans, and home equity lines of credit.

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