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

FVCBankcorp, Inc. (NASDAQ:FVCBGet Free Report) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 131,400 shares, an increase of 6.4% from the May 15th total of 123,500 shares. Based on an average daily volume of 20,800 shares, the short-interest ratio is presently 6.3 days.

FVCBankcorp Stock Performance

FVCB stock opened at $10.27 on Thursday. 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 50-day moving average price of $11.06 and a 200-day moving average price of $12.09. The firm has a market cap of $184.76 million, a PE ratio of 42.79 and a beta of 0.27. FVCBankcorp has a 1-year low of $9.78 and a 1-year high of $15.39.

FVCBankcorp (NASDAQ:FVCBGet Free Report) last issued its earnings results on Tuesday, April 23rd. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $13.19 million during the quarter, compared to the consensus estimate of $13.82 million. FVCBankcorp had a return on equity of 7.33% and a net margin of 4.55%. As a group, equities research analysts expect that FVCBankcorp will post 0.91 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Devin Satz sold 12,650 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $10.81, for a total transaction of $136,746.50. Following the completion of the transaction, the director now directly owns 128,910 shares of the company’s stock, valued at approximately $1,393,517.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Devin Satz sold 12,650 shares of FVCBankcorp stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $10.81, for a total value of $136,746.50. Following the completion of the transaction, the director now directly owns 128,910 shares of the company’s stock, valued at approximately $1,393,517.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Phillip R. Wills III sold 10,170 shares of FVCBankcorp stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $11.22, for a total value of $114,107.40. Following the completion of the transaction, the director now directly owns 58,884 shares of the company’s stock, valued at $660,678.48. The disclosure for this sale can be found here. Insiders sold a total of 29,439 shares of company stock valued at $323,276 in the last three months. Insiders own 13.99% of the company’s stock.

Hedge Funds Weigh In On FVCBankcorp

A number of hedge funds have recently added to or reduced their stakes in FVCB. BNP Paribas Financial Markets boosted its stake 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 purchasing an additional 3,152 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of FVCBankcorp by 1,504.6% in the 4th quarter. New York State Common Retirement Fund now owns 7,670 shares of the company’s stock worth $109,000 after purchasing an additional 7,192 shares during the period. SG Americas Securities LLC bought a new stake in shares of FVCBankcorp in the 4th quarter worth approximately $124,000. Burt Wealth Advisors bought a new stake in shares of FVCBankcorp in the 4th quarter worth approximately $173,000. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of FVCBankcorp in the 4th quarter worth approximately $414,000. Institutional investors and hedge funds own 43.61% of the company’s stock.

FVCBankcorp Company Profile

(Get Free Report)

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.

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