Daniel M. Testa Sells 1,500 Shares of FVCBankcorp, Inc. (NASDAQ:FVCB) Stock

FVCBankcorp, Inc. (NASDAQ:FVCB) Director Daniel M. Testa sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $12.17, for a total transaction of $18,255.00. Following the completion of the transaction, the director now directly owns 164,525 shares of the company’s stock, valued at approximately $2,002,269.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

FVCBankcorp Stock Performance

NASDAQ FVCB opened at $12.33 on Friday. FVCBankcorp, Inc. has a 52-week low of $9.78 and a 52-week high of $15.39. The company has a fifty day moving average of $11.37 and a 200-day moving average of $11.40. The company has a market capitalization of $224.28 million, a P/E ratio of 51.38 and a beta of 0.24. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.00 and a current ratio of 1.00.

FVCBankcorp (NASDAQ:FVCB) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. FVCBankcorp had a return on equity of 7.16% and a net margin of 4.44%. The firm had revenue of $28.84 million during the quarter, compared to analyst estimates of $14.08 million. As a group, equities research analysts predict that FVCBankcorp, Inc. will post 0.92 EPS for the current fiscal year.

Institutional Trading of FVCBankcorp

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its position in FVCBankcorp by 69.2% during the first quarter. BNP Paribas Financial Markets now owns 7,707 shares of the company’s stock valued at $94,000 after acquiring an additional 3,152 shares during the last quarter. New York State Common Retirement Fund boosted its stake 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 valued at $109,000 after purchasing an additional 7,192 shares in the last quarter. Princeton Capital Management LLC bought a new position in shares of FVCBankcorp during the 2nd quarter valued at $109,000. Chevy Chase Trust Holdings LLC raised its position in FVCBankcorp by 45.8% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 19,687 shares of the company’s stock worth $215,000 after purchasing an additional 6,187 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in FVCBankcorp by 17.1% in the second quarter. Bank of New York Mellon Corp now owns 52,884 shares of the company’s stock worth $577,000 after purchasing an additional 7,709 shares during the last quarter. Institutional investors own 43.61% of the company’s stock.

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.