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

FVCBankcorp, Inc. (NASDAQ:FVCB) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 77,700 shares, a growth of 7.2% from the November 30th total of 72,500 shares. Based on an average daily volume of 21,200 shares, the days-to-cover ratio is presently 3.7 days.

FVCBankcorp Price Performance

Shares of FVCB stock opened at $12.57 on Thursday. The firm has a fifty day simple moving average of $13.38 and a 200-day simple moving average of $12.34. The company has a market capitalization of $228.82 million, a PE ratio of 46.56 and a beta of 0.25. FVCBankcorp has a twelve month low of $9.78 and a twelve 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.

FVCBankcorp (NASDAQ:FVCB) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $30.05 million during the quarter, compared to analysts’ expectations of $15.07 million. FVCBankcorp had a net margin of 4.95% and a return on equity of 7.29%. Equities research analysts anticipate that FVCBankcorp will post 0.92 earnings per share for the current fiscal year.

Insider Buying and Selling at FVCBankcorp

In other FVCBankcorp news, Chairman David W. Pijor sold 2,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $13.50, for a total value of $27,000.00. Following the completion of the sale, the chairman now 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 13.99% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in shares of FVCBankcorp by 148.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 24,628 shares of the company’s stock valued at $321,000 after buying an additional 14,696 shares during the last quarter. Barclays PLC grew its holdings in FVCBankcorp by 286.4% during the 3rd quarter. Barclays PLC now owns 21,529 shares of the company’s stock worth $281,000 after acquiring an additional 15,957 shares in the last quarter. Geode Capital Management LLC increased its position in shares of FVCBankcorp by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 357,570 shares of the company’s stock worth $4,667,000 after purchasing an additional 4,820 shares during the last quarter. State Street Corp raised its stake in shares of FVCBankcorp by 2.0% in the 3rd quarter. State Street Corp now owns 307,284 shares of the company’s stock valued at $4,010,000 after purchasing an additional 5,974 shares in the last quarter. Finally, Fourthstone LLC bought a new position in shares of FVCBankcorp during the third quarter worth about $1,371,000. Hedge funds and other institutional investors own 43.61% of the company’s stock.

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.