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

FVCBankcorp, Inc. (NASDAQ:FVCB) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 123,500 shares, a decrease of 7.8% from the March 15th total of 134,000 shares. Based on an average daily volume of 22,500 shares, the days-to-cover ratio is currently 5.5 days.

Wall Street Analyst Weigh In

Separately, TheStreet lowered shares of FVCBankcorp from a “b” rating to a “c+” rating in a research note on Wednesday, January 24th.

FVCBankcorp Stock Performance

FVCB traded down $0.30 on Tuesday, hitting $10.39. 4,078 shares of the company’s stock were exchanged, compared to its average volume of 21,989. The firm has a market cap of $185.77 million, a PE ratio of 51.95 and a beta of 0.21. FVCBankcorp has a twelve month low of $8.30 and a twelve month high of $15.39. The stock has a fifty day moving average of $11.77 and a two-hundred day moving average of $12.22. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.48.

FVCBankcorp (NASDAQ:FVCB) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. FVCBankcorp had a net margin of 4.10% and a return on equity of 7.99%. The company had revenue of $16.79 million for the quarter, compared to analyst estimates of $14.10 million. On average, research analysts anticipate that FVCBankcorp will post 0.98 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Phillip R. Wills III sold 29,033 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $12.74, for a total value of $369,880.42. Following the sale, the director now owns 69,223 shares in the company, valued at approximately $881,901.02. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider William G. Byers sold 4,450 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $12.04, for a total transaction of $53,578.00. Following the sale, the insider now owns 40,290 shares in the company, valued at $485,091.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Phillip R. Wills III sold 29,033 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $12.74, for a total transaction of $369,880.42. Following the sale, the director now owns 69,223 shares in the company, valued at approximately $881,901.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,406 shares of company stock worth $988,782. 13.99% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FVCBankcorp

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of FVCBankcorp by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 800,611 shares of the company’s stock valued at $11,369,000 after purchasing an additional 8,041 shares during the period. Barclays PLC increased its stake in shares of FVCBankcorp by 698.1% during the fourth quarter. Barclays PLC now owns 21,923 shares of the company’s stock valued at $311,000 after acquiring an additional 19,176 shares during the period. Nuveen Asset Management LLC increased its stake in shares of FVCBankcorp by 22.4% during the fourth quarter. Nuveen Asset Management LLC now owns 45,449 shares of the company’s stock valued at $645,000 after acquiring an additional 8,309 shares during the period. Northern Trust Corp increased its stake in shares of FVCBankcorp by 3.1% during the fourth quarter. Northern Trust Corp now owns 129,105 shares of the company’s stock valued at $1,833,000 after acquiring an additional 3,929 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of FVCBankcorp during the fourth quarter valued at approximately $158,000. 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.