Short Interest in FVCBankcorp, Inc. (NASDAQ:FVCB) Declines By 6.3%

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

FVCBankcorp Stock Performance

NASDAQ:FVCB traded up $0.07 during trading hours on Monday, reaching $11.81. 17,133 shares of the company’s stock were exchanged, compared to its average volume of 20,537. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $214.94 million, a price-to-earnings ratio of 43.74 and a beta of 0.28. FVCBankcorp has a 1-year low of $9.78 and a 1-year high of $14.50. The company has a 50-day moving average of $13.05 and a 200 day moving average of $12.49.

FVCBankcorp (NASDAQ:FVCB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $30.05 million for the quarter, compared to analyst estimates of $15.07 million. FVCBankcorp had a return on equity of 7.29% and a net margin of 4.95%. Research analysts anticipate that FVCBankcorp will post 0.92 EPS for the current year.

Insider Activity

In other 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 13.99% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Barclays PLC grew its position in FVCBankcorp by 286.4% in the 3rd 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. JPMorgan Chase & Co. boosted its holdings in shares of FVCBankcorp by 148.0% in the third quarter. JPMorgan Chase & Co. now owns 24,628 shares of the company’s stock valued at $321,000 after acquiring an additional 14,696 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of 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 acquiring an additional 7,709 shares during the period. Empowered Funds LLC raised its holdings 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 in the last quarter. Finally, Fourthstone LLC acquired a new stake in FVCBankcorp in the third quarter valued at about $1,371,000. Institutional investors and hedge funds own 43.61% of the company’s stock.

FVCBankcorp Company Profile

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.