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

FVCBankcorp, Inc. (NASDAQ:FVCB) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 72,500 shares, a decline of 8.9% from the November 15th total of 79,600 shares. Based on an average daily volume of 21,600 shares, the short-interest ratio is currently 3.4 days.

FVCBankcorp Stock Down 0.6 %

Shares of FVCB stock traded down $0.08 on Tuesday, hitting $13.65. The stock had a trading volume of 15,072 shares, compared to its average volume of 22,982. The business has a 50 day moving average of $13.46 and a 200 day moving average of $12.20. The stock has a market cap of $248.48 million, a price-to-earnings ratio of 50.81 and a beta of 0.25. FVCBankcorp has a 12-month low of $9.78 and a 12-month 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 posted 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. The firm had revenue of $30.05 million for the quarter, compared to the consensus estimate of $15.07 million. FVCBankcorp had a return on equity of 7.29% and a net margin of 4.95%. As a group, analysts expect that FVCBankcorp will post 0.92 EPS for the current year.

Insider Buying and Selling at FVCBankcorp

In other news, Chairman David W. Pijor sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $13.50, for a total transaction of $27,000.00. Following the completion of the transaction, the chairman now directly owns 466,566 shares in the company, valued at $6,298,641. This trade represents a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 13.99% of the company’s stock.

Institutional Trading of FVCBankcorp

Large investors have recently modified their holdings of the business. Princeton Capital Management LLC purchased a new stake in shares of FVCBankcorp during the second quarter valued at $109,000. Chevy Chase Trust Holdings LLC grew its stake in shares of FVCBankcorp by 45.8% during the 2nd 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 during the period. Barclays PLC increased its stake in shares of FVCBankcorp by 286.4% in 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 in the last quarter. Bank of New York Mellon Corp lifted 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 acquiring an additional 7,709 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in FVCBankcorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 54,205 shares of the company’s stock worth $707,000 after purchasing an additional 2,680 shares during the period. 43.61% of the stock is owned by institutional investors.

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.