FVCBankcorp, Inc. (NASDAQ:FVCB) Sees Significant Drop in Short Interest

FVCBankcorp, Inc. (NASDAQ:FVCB - Get Free Report) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 72,800 shares, a decline of 6.3% from the December 31st total of 77,700 shares. Based on an average daily volume of 21,400 shares, the short-interest ratio is presently 3.4 days.

FVCBankcorp Trading Up 2.3 %

FVCB stock traded up $0.27 during midday trading on Wednesday, hitting $12.16. 7,781 shares of the company's stock were exchanged, compared to its average volume of 17,197. 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 has a market capitalization of $221.31 million, a PE ratio of 15.09 and a beta of 0.27. The business has a 50-day simple moving average of $12.70 and a two-hundred day simple moving average of $12.56. FVCBankcorp has a 1-year low of $9.78 and a 1-year high of $14.50.

FVCBankcorp (NASDAQ:FVCB - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. FVCBankcorp had a return on equity of 7.72% and a net margin of 13.00%. On average, sell-side analysts predict that FVCBankcorp will post 1.06 EPS for the current fiscal year.

Insider Transactions at FVCBankcorp

In other FVCBankcorp news, Chairman David W. Pijor sold 2,000 shares of the company's stock in a transaction on Monday, November 18th. The stock was 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 directly owns 466,566 shares in the company, valued at $6,298,641. This represents a 0.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 13.99% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FVCB. Bridgewater Advisors Inc. acquired a new stake in FVCBankcorp in the 3rd quarter valued at $2,246,000. Fourthstone LLC acquired a new stake in shares of FVCBankcorp during the third quarter worth approximately $1,371,000. Dimensional Fund Advisors LP increased its holdings in FVCBankcorp by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 218,271 shares of the company's stock valued at $2,383,000 after purchasing an additional 16,073 shares in the last quarter. Barclays PLC raised its holdings in shares of FVCBankcorp by 286.4% in the third quarter. Barclays PLC now owns 21,529 shares of the company's stock valued at $281,000 after buying an additional 15,957 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in FVCBankcorp by 148.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 24,628 shares of the company's stock worth $321,000 after buying an additional 14,696 shares in the last quarter. Institutional investors and hedge funds 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.