FVCBankcorp, Inc. (NASDAQ:FVCB) Sees Significant Decrease in Short Interest

FVCBankcorp, Inc. (NASDAQ:FVCB) was the target of a large drop in short interest in January. As of January 15th, there was short interest totalling 72,800 shares, a drop of 6.3% from the December 31st total of 77,700 shares. Based on an average daily volume of 21,400 shares, the days-to-cover ratio is currently 3.4 days.

Insider Buying and Selling

In other FVCBankcorp news, Chairman David W. Pijor sold 2,000 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $13.50, for a total transaction of $27,000.00. Following the sale, the chairman now owns 466,566 shares of the company’s stock, valued at $6,298,641. This represents a 0.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.99% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FVCBankcorp

A number of hedge funds have recently added to or reduced their stakes in FVCB. Geode Capital Management LLC boosted its stake in shares of FVCBankcorp by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 357,570 shares of the company’s stock valued at $4,667,000 after purchasing an additional 4,820 shares during the last quarter. State Street Corp boosted its stake in shares of FVCBankcorp by 2.0% in the 3rd quarter. State Street Corp now owns 307,284 shares of the company’s stock valued at $4,010,000 after purchasing an additional 5,974 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of FVCBankcorp by 7.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 218,271 shares of the company’s stock valued at $2,383,000 after purchasing an additional 16,073 shares during the last quarter. Bridgewater Advisors Inc. bought a new position in shares of FVCBankcorp in the 3rd quarter valued at about $2,246,000. Finally, Fourthstone LLC acquired a new stake in shares of FVCBankcorp in the 3rd quarter valued at approximately $1,371,000. Institutional investors own 43.61% of the company’s stock.

FVCBankcorp Price Performance

NASDAQ:FVCB traded down $0.30 during mid-day trading on Friday, reaching $12.07. 16,230 shares of the company were exchanged, compared to its average volume of 16,566. FVCBankcorp has a 12 month low of $9.78 and a 12 month high of $14.50. The company has a fifty day moving average of $12.77 and a 200 day moving average of $12.56. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.09. The stock has a market cap of $219.67 million, a PE ratio of 14.90 and a beta of 0.28.

FVCBankcorp (NASDAQ:FVCB) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. FVCBankcorp had a net margin of 13.00% and a return on equity of 7.72%. On average, research analysts anticipate that FVCBankcorp will post 1.06 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.