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

FVCBankcorp, Inc. (NASDAQ:FVCB - Get Free Report) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 72,500 shares, a drop of 8.9% from the November 15th total of 79,600 shares. Based on an average trading volume of 21,600 shares, the days-to-cover ratio is presently 3.4 days.

FVCBankcorp Stock Down 0.6 %

FVCB traded down $0.08 during trading on Tuesday, reaching $13.65. 15,072 shares of the stock were exchanged, compared to its average volume of 22,982. The stock has a market cap of $248.48 million, a P/E ratio of 50.56 and a beta of 0.25. FVCBankcorp has a twelve month low of $9.78 and a twelve month high of $15.39. The stock's 50 day moving average price is $13.48 and its two-hundred day moving average price is $12.22. 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 - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. FVCBankcorp had a net margin of 4.95% and a return on equity of 7.29%. The business had revenue of $30.05 million for the quarter, compared to the consensus estimate of $15.07 million. Equities analysts expect that FVCBankcorp will post 0.92 EPS for the current year.

Insider Buying and Selling

In other FVCBankcorp news, Chairman David W. Pijor sold 2,000 shares of the firm's 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 sale, the chairman now directly owns 466,566 shares in the company, valued at approximately $6,298,641. This trade represents a 0.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 13.99% of the stock is owned by insiders.

Institutional Investors Weigh In On FVCBankcorp

Institutional investors have recently modified their holdings of the business. Empowered Funds LLC lifted its position in FVCBankcorp by 5.2% during 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. Geode Capital Management LLC lifted its position in FVCBankcorp by 1.4% during the third 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 period. State Street Corp lifted its position in FVCBankcorp by 2.0% during the third quarter. State Street Corp now owns 307,284 shares of the company's stock worth $4,010,000 after purchasing an additional 5,974 shares during the period. Chevy Chase Trust Holdings LLC lifted 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 worth $215,000 after purchasing an additional 6,187 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in FVCBankcorp by 17.1% during 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. 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.