FVCBankcorp, Inc. (NASDAQ:FVCB) Short Interest Update

FVCBankcorp, Inc. (NASDAQ:FVCB) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 123,500 shares, a decline of 7.8% from the March 15th total of 134,000 shares. Based on an average trading volume of 22,500 shares, the short-interest ratio is currently 5.5 days.

FVCBankcorp Price Performance

Shares of FVCB stock traded down $0.30 during trading hours on Tuesday, reaching $10.39. 4,078 shares of the company were exchanged, compared to its average volume of 21,989. FVCBankcorp has a fifty-two week low of $8.30 and a fifty-two week high of $15.39. The stock’s fifty day moving average is $11.77 and its two-hundred day moving average is $12.22. The company has a market cap of $185.77 million, a price-to-earnings ratio of 51.95 and a beta of 0.21. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.01 and a quick ratio of 1.01.

FVCBankcorp (NASDAQ:FVCB) last announced its earnings results on Tuesday, January 23rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. FVCBankcorp had a net margin of 4.10% and a return on equity of 7.99%. The company had revenue of $16.79 million for the quarter, compared to analyst estimates of $14.10 million. Sell-side analysts forecast that FVCBankcorp will post 0.98 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Phillip R. Wills III sold 29,033 shares of FVCBankcorp stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $12.74, for a total transaction of $369,880.42. Following the sale, the director now directly owns 69,223 shares in the company, valued at approximately $881,901.02. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other FVCBankcorp news, Director Phillip R. Wills III sold 29,033 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $12.74, for a total value of $369,880.42. Following the transaction, the director now directly owns 69,223 shares in the company, valued at $881,901.02. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider William G. Byers sold 4,450 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $12.04, for a total transaction of $53,578.00. Following the completion of the transaction, the insider now owns 40,290 shares in the company, valued at $485,091.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,406 shares of company stock worth $988,782. Corporate insiders own 13.99% of the company’s stock.

Hedge Funds Weigh In On FVCBankcorp

Large investors have recently modified their holdings of the stock. Savant Capital LLC raised its stake in shares of FVCBankcorp by 3.3% during the third quarter. Savant Capital LLC now owns 157,210 shares of the company’s stock worth $2,014,000 after buying an additional 5,046 shares during the last quarter. BNP Paribas Arbitrage SNC raised its stake in shares of FVCBankcorp by 360.6% during the first quarter. BNP Paribas Arbitrage SNC now owns 7,863 shares of the company’s stock worth $84,000 after buying an additional 6,156 shares during the last quarter. Barclays PLC raised its stake in shares of FVCBankcorp by 134.9% during the first quarter. Barclays PLC now owns 7,537 shares of the company’s stock worth $80,000 after buying an additional 4,329 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of FVCBankcorp by 128.8% during the second quarter. Wells Fargo & Company MN now owns 6,100 shares of the company’s stock worth $66,000 after buying an additional 3,434 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of FVCBankcorp by 2,349.6% during the second quarter. BNP Paribas Arbitrage SA now owns 3,111 shares of the company’s stock worth $59,000 after buying an additional 2,984 shares during the last quarter. 43.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered shares of FVCBankcorp from a “b” rating to a “c+” rating in a research report on Wednesday, January 24th.

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.