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

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

FVCBankcorp Trading Up 2.4 %

Shares of FVCBankcorp stock opened at $10.45 on Tuesday. The company’s 50-day moving average price is $11.09 and its 200-day moving average price is $12.10. The company has a market cap of $188.00 million, a price-to-earnings ratio of 43.54 and a beta of 0.27. FVCBankcorp has a 12-month low of $9.78 and a 12-month high of $15.39. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.09.

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

Insider Activity at FVCBankcorp

In other FVCBankcorp news, COO B. Todd Dempsey sold 3,133 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $10.82, for a total transaction of $33,899.06. Following the completion of the transaction, the chief operating officer now owns 81,217 shares in the company, valued at $878,767.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO B. Todd Dempsey sold 3,133 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $10.82, for a total value of $33,899.06. Following the completion of the transaction, the chief operating officer now directly owns 81,217 shares of the company’s stock, valued at $878,767.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Devin Satz sold 12,650 shares of FVCBankcorp stock in a transaction on Thursday, June 6th. The shares were 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 owns 128,910 shares of the company’s stock, valued at $1,393,517.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,712 shares of company stock worth $338,539. Company insiders own 13.99% of the company’s stock.

Hedge Funds Weigh In On FVCBankcorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FVCB. New York State Common Retirement Fund boosted its position in shares of FVCBankcorp by 1,504.6% during the 4th quarter. New York State Common Retirement Fund now owns 7,670 shares of the company’s stock valued at $109,000 after acquiring an additional 7,192 shares during the last quarter. SG Americas Securities LLC bought a new stake in FVCBankcorp during the fourth quarter valued at approximately $124,000. Burt Wealth Advisors purchased a new position in FVCBankcorp in the 4th quarter worth approximately $173,000. J.W. Cole Advisors Inc. bought a new position in shares of FVCBankcorp in the 4th quarter worth $414,000. Finally, Vanguard Group Inc. raised its position in shares of FVCBankcorp by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 812,588 shares of the company’s stock valued at $9,897,000 after buying an additional 11,977 shares in the last quarter. 43.61% of the stock is currently owned by hedge funds and other 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.