Bank of New York Mellon Corp Raises Stock Holdings in FVCBankcorp, Inc. (NASDAQ:FVCB)

Bank of New York Mellon Corp grew its stake in shares of FVCBankcorp, Inc. (NASDAQ:FVCB) by 17.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,884 shares of the company’s stock after acquiring an additional 7,709 shares during the quarter. Bank of New York Mellon Corp owned about 0.29% of FVCBankcorp worth $577,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its holdings in FVCBankcorp by 69.2% in the first quarter. BNP Paribas Financial Markets now owns 7,707 shares of the company’s stock worth $94,000 after purchasing an additional 3,152 shares during the last quarter. Chevy Chase Trust Holdings LLC increased its position in FVCBankcorp by 45.8% during the second quarter. Chevy Chase Trust Holdings LLC now owns 19,687 shares of the company’s stock valued at $215,000 after acquiring an additional 6,187 shares during the last quarter. Empowered Funds LLC lifted its holdings in FVCBankcorp by 7.9% in the first quarter. Empowered Funds LLC now owns 47,925 shares of the company’s stock valued at $584,000 after acquiring an additional 3,500 shares during the period. Finally, Vanguard Group Inc. boosted its position in FVCBankcorp by 1.5% in the first quarter. Vanguard Group Inc. now owns 812,588 shares of the company’s stock worth $9,897,000 after purchasing an additional 11,977 shares during the last quarter. 43.61% of the stock is currently owned by institutional investors.

FVCBankcorp Stock Performance

Shares of NASDAQ FVCB opened at $12.78 on Tuesday. 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 firm has a market capitalization of $229.85 million, a price-to-earnings ratio of 53.25 and a beta of 0.22. FVCBankcorp, Inc. has a 12-month low of $9.78 and a 12-month high of $15.39. The firm has a 50 day moving average of $11.83 and a 200 day moving average of $11.42.

FVCBankcorp (NASDAQ:FVCB) last released its earnings results on Thursday, July 25th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. FVCBankcorp had a net margin of 4.44% and a return on equity of 7.16%. The company had revenue of $28.84 million for the quarter, compared to analysts’ expectations of $14.08 million. On average, research analysts anticipate that FVCBankcorp, Inc. will post 0.92 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Sharon L. Jackson sold 2,400 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $10.61, for a total value of $25,464.00. Following the transaction, the executive vice president now owns 28,595 shares of the company’s stock, valued at $303,392.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Sharon L. Jackson sold 2,400 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $10.61, for a total value of $25,464.00. Following the sale, the executive vice president now directly owns 28,595 shares in the company, valued at $303,392.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Phillip R. Wills III sold 4,848 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $11.48, for a total value of $55,655.04. Following the transaction, the director now directly owns 74,535 shares of the company’s stock, valued at $855,661.80. The disclosure for this sale can be found here. Insiders sold 11,162 shares of company stock worth $128,427 in the last three months. 13.99% of the stock is owned by company insiders.

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.