Fauquier Bankshares, Inc. (NASDAQ:FBSS) Sees Large Drop in Short Interest

Fauquier Bankshares, Inc. (NASDAQ:FBSS) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 800 shares, a decline of 65.2% from the May 15th total of 2,300 shares. Based on an average daily volume of 2,100 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company’s stock are short sold.

In related news, Director Kevin T. Carter purchased 1,600 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were acquired at an average cost of $21.61 per share, with a total value of $34,576.00. Following the completion of the purchase, the director now owns 5,239 shares of the company’s stock, valued at approximately $113,214.79. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.42% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors boosted its holdings in Fauquier Bankshares by 218.4% in the fourth quarter. Captrust Financial Advisors now owns 3,980 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 2,730 shares in the last quarter. Vanguard Group Inc. bought a new stake in Fauquier Bankshares in the third quarter worth $218,000. Finally, Castine Capital Management LLC boosted its holdings in Fauquier Bankshares by 31.5% in the first quarter. Castine Capital Management LLC now owns 130,951 shares of the financial services provider’s stock worth $2,699,000 after purchasing an additional 31,381 shares in the last quarter. 25.45% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ FBSS traded down $0.02 during mid-day trading on Wednesday, reaching $21.01. The company had a trading volume of 430 shares, compared to its average volume of 2,578. Fauquier Bankshares has a twelve month low of $17.21 and a twelve month high of $26.90. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $79.64 million, a PE ratio of 12.83 and a beta of 0.52. The stock has a 50 day simple moving average of $21.19.

Fauquier Bankshares (NASDAQ:FBSS) last posted its quarterly earnings results on Monday, April 22nd. The financial services provider reported $0.43 earnings per share for the quarter. Fauquier Bankshares had a net margin of 18.62% and a return on equity of 10.38%. The business had revenue of $7.61 million for the quarter.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, June 13th.

About Fauquier Bankshares

Fauquier Bankshares, Inc operates as the bank holding company for The Fauquier Bank that provides retail banking services to individuals and businesses. The company accepts various deposits, including interest and noninterest-bearing checking, money market, and savings accounts; and time deposits. Its loan portfolio includes commercial and industrial loans, commercial real estate loans, construction and land loans, consumer and student loans, residential real estate loans, and home equity lines of credit.

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