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

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

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, insider William G. Byers sold 15,081 shares of FVCBankcorp stock in a transaction on Monday, February 12th. The stock was sold at an average price of $12.01, for a total transaction of $181,122.81. Following the sale, the insider now directly owns 40,290 shares in the company, valued at approximately $483,882.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other FVCBankcorp news, Chairman David W. Pijor sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $11.75, for a total value of $58,750.00. Following the sale, the chairman now directly owns 446,010 shares in the company, valued at $5,240,617.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider William G. Byers sold 15,081 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $12.01, for a total value of $181,122.81. Following the transaction, the insider now owns 40,290 shares of the company’s stock, valued at approximately $483,882.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,406 shares of company stock valued at $988,782. Insiders own 13.99% of the company’s stock.

Institutional Trading of FVCBankcorp

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in FVCBankcorp by 79,514.3% during the 1st quarter. JPMorgan Chase & Co. now owns 11,146 shares of the company’s stock valued at $231,000 after acquiring an additional 11,132 shares during the period. Citigroup Inc. purchased a new position in shares of FVCBankcorp in the first quarter worth $112,000. Acadian Asset Management LLC bought a new stake in FVCBankcorp during the 1st quarter valued at $127,000. BlackRock Inc. boosted its position in FVCBankcorp by 1.0% during the 1st quarter. BlackRock Inc. now owns 90,638 shares of the company’s stock valued at $1,881,000 after buying an additional 857 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in FVCBankcorp by 12.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 62,534 shares of the company’s stock worth $1,298,000 after acquiring an additional 6,927 shares during the last quarter. 43.61% of the stock is currently owned by hedge funds and other institutional investors.

FVCBankcorp Price Performance

FVCB stock traded up $0.11 during midday trading on Wednesday, reaching $10.50. The company had a trading volume of 1,448 shares, compared to its average volume of 21,710. The firm has a 50-day moving average price of $11.77 and a 200-day moving average price of $12.22. The company has a market capitalization of $187.71 million, a P/E ratio of 51.95 and a beta of 0.21. FVCBankcorp has a 1 year low of $8.30 and a 1 year high of $15.39. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.01 and a quick ratio of 1.01.

FVCBankcorp (NASDAQ:FVCB) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. FVCBankcorp had a net margin of 4.10% and a return on equity of 7.99%. The firm had revenue of $16.79 million during 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.

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.