State Street Corp Purchases 5,974 Shares of FVCBankcorp, Inc. (NASDAQ:FVCB)

State Street Corp raised its holdings in shares of FVCBankcorp, Inc. (NASDAQ:FVCB) by 2.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 307,284 shares of the company’s stock after buying an additional 5,974 shares during the period. State Street Corp’s holdings in FVCBankcorp were worth $4,010,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Princeton Capital Management LLC bought a new position in shares of FVCBankcorp in the second quarter worth about $109,000. Bank of New York Mellon Corp boosted its position in shares of 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 period. Empowered Funds LLC boosted its position in shares of FVCBankcorp by 5.2% in the third quarter. Empowered Funds LLC now owns 54,205 shares of the company’s stock worth $707,000 after purchasing an additional 2,680 shares during the period. Evermay Wealth Management LLC boosted its holdings in FVCBankcorp by 437.3% in the 2nd quarter. Evermay Wealth Management LLC now owns 95,914 shares of the company’s stock worth $1,047,000 after buying an additional 78,064 shares during the period. Finally, Fourthstone LLC purchased a new position in shares of FVCBankcorp in the third quarter valued at about $1,371,000. 43.61% of the stock is currently owned by institutional investors.

FVCBankcorp Stock Up 4.6 %

NASDAQ FVCB opened at $12.66 on Tuesday. The stock has a market cap of $230.46 million, a PE ratio of 46.89 and a beta of 0.25. FVCBankcorp, Inc. has a 12 month low of $9.78 and a 12 month high of $14.68. 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’s 50 day moving average is $13.38 and its 200 day moving average is $12.31.

FVCBankcorp (NASDAQ:FVCB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. FVCBankcorp had a return on equity of 7.29% and a net margin of 4.95%. The company had revenue of $30.05 million during the quarter, compared to analyst estimates of $15.07 million. Research analysts predict that FVCBankcorp, Inc. will post 0.92 EPS for the current fiscal year.

Insider Activity

In related news, Chairman David W. Pijor sold 2,000 shares of FVCBankcorp stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $13.50, for a total transaction of $27,000.00. Following the transaction, the chairman now directly owns 466,566 shares of the company’s stock, valued at $6,298,641. This trade represents a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 13.99% 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.