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

FVCBankcorp, Inc. (NASDAQ:FVCB) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 77,700 shares, a growth of 7.2% from the November 30th total of 72,500 shares. Based on an average daily volume of 21,200 shares, the short-interest ratio is currently 3.7 days.

Insider Buying and Selling

In other news, Chairman David W. Pijor sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $13.50, for a total transaction of $27,000.00. Following the transaction, the chairman now owns 466,566 shares of the company’s stock, valued at approximately $6,298,641. The trade was a 0.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 13.99% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Bridgewater Advisors Inc. acquired a new position in shares of FVCBankcorp in the 3rd quarter valued at $2,246,000. Fourthstone LLC purchased a new stake in shares of FVCBankcorp in the 3rd quarter valued at $1,371,000. Evermay Wealth Management LLC boosted its holdings in shares of FVCBankcorp by 437.3% in the 2nd quarter. Evermay Wealth Management LLC now owns 95,914 shares of the company’s stock valued at $1,047,000 after acquiring an additional 78,064 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of FVCBankcorp by 7.9% in the second quarter. Dimensional Fund Advisors LP now owns 218,271 shares of the company’s stock worth $2,383,000 after acquiring an additional 16,073 shares during the period. Finally, Barclays PLC raised its holdings in shares of FVCBankcorp by 286.4% during the third quarter. Barclays PLC now owns 21,529 shares of the company’s stock worth $281,000 after purchasing an additional 15,957 shares during the last quarter. Hedge funds and other institutional investors own 43.61% of the company’s stock.

FVCBankcorp Trading Down 0.7 %

Shares of FVCB traded down $0.09 during trading hours on Wednesday, reaching $12.57. 22,411 shares of the company traded hands, compared to its average volume of 23,197. 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 firm has a market cap of $228.82 million, a price-to-earnings ratio of 46.56 and a beta of 0.25. The stock’s fifty day moving average price is $13.38 and its 200 day moving average price is $12.34. FVCBankcorp has a 12-month low of $9.78 and a 12-month high of $14.68.

FVCBankcorp (NASDAQ:FVCB) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. FVCBankcorp had a return on equity of 7.29% and a net margin of 4.95%. The business had revenue of $30.05 million for the quarter, compared to the consensus estimate of $15.07 million. Sell-side analysts forecast that FVCBankcorp will post 0.92 earnings per share for the current year.

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.