Evermay Wealth Management LLC Trims Holdings in FVCBankcorp, Inc. (NASDAQ:FVCB)

Evermay Wealth Management LLC reduced its stake in shares of FVCBankcorp, Inc. (NASDAQ:FVCB) by 88.9% in the third quarter, Holdings Channel reports. The firm owned 10,620 shares of the company’s stock after selling 85,294 shares during the period. Evermay Wealth Management LLC’s holdings in FVCBankcorp were worth $139,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its holdings in 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 shares of FVCBankcorp during the second quarter worth approximately $109,000. Chevy Chase Trust Holdings LLC raised its stake in shares of FVCBankcorp by 45.8% during the second quarter. Chevy Chase Trust Holdings LLC now owns 19,687 shares of the company’s stock valued at $215,000 after acquiring an additional 6,187 shares in the last quarter. Empowered Funds LLC grew its stake in FVCBankcorp by 7.9% in 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. Finally, Bank of New York Mellon Corp increased its holdings in FVCBankcorp by 17.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 52,884 shares of the company’s stock worth $577,000 after purchasing an additional 7,709 shares during the period. 43.61% of the stock is currently owned by institutional investors.

Insider Activity at FVCBankcorp

In other FVCBankcorp news, EVP Sharon L. Jackson sold 2,400 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $10.61, for a total transaction of $25,464.00. Following the sale, the executive vice president now owns 28,595 shares of the company’s stock, valued at approximately $303,392.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 5,400 shares of company stock valued at $61,374 over the last ninety days. 13.99% of the stock is owned by company insiders.

FVCBankcorp Price Performance

Shares of FVCB stock opened at $13.00 on Thursday. FVCBankcorp, Inc. has a twelve month low of $9.78 and a twelve month high of $15.39. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.09. The stock has a fifty day simple moving average of $12.57 and a two-hundred day simple moving average of $11.64. The stock has a market capitalization of $236.42 million, a price-to-earnings ratio of 48.15 and a beta of 0.22.

FVCBankcorp (NASDAQ:FVCB) last issued its earnings results on Tuesday, October 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. FVCBankcorp had a net margin of 4.95% and a return on equity of 7.37%. The company had revenue of $30.05 million for the quarter, compared to analysts’ expectations of $15.07 million. On average, analysts predict that FVCBankcorp, Inc. will post 0.92 EPS for the current fiscal year.

About FVCBankcorp

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.