FVCBANKCORP Inc/SH (OTCMKTS:FVCB) Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of FVCBANKCORP Inc/SH (OTCMKTS:FVCB) from a hold rating to a sell rating in a research report sent to investors on Monday, Zacks.com reports.

According to Zacks, “FVCBankcorp, Inc. offers personal and business banking products and services. It provide checking and savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, business lines of credit, business automated overdraft lines of credit, business loans, business construction loans, business loans for emerging residential builders and business loans for professionals; commercial real estate lending, including office, retail, industrial, warehouse/flex space, non-profit, mini-storage facilities, multi-family, commercial construction, residential/multi-family construction, land acquisitions and bridge loans; home equity loans and lines of credit; automobile and personal loans, as well as overdraft lines of credit on personal checking accounts as well as credit cards and online banking services. FVCBankcorp, Inc. is headquartered in Fairfax, Virginia. “

Shares of FVCBANKCORP Inc/SH stock opened at $13.90 on Monday. The firm has a fifty day moving average price of $15.01 and a 200 day moving average price of $16.77. FVCBANKCORP Inc/SH has a 1 year low of $9.27 and a 1 year high of $19.64.

FVCBANKCORP Inc/SH (OTCMKTS:FVCB) last released its quarterly earnings results on Thursday, January 23rd. The company reported $0.25 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $12.43 million for the quarter, compared to analyst estimates of $12.99 million.

Several hedge funds and other institutional investors have recently made changes to their positions in FVCB. Tower Research Capital LLC TRC acquired a new stake in shares of FVCBANKCORP Inc/SH in the third quarter valued at about $26,000. State Street Corp lifted its stake in shares of FVCBANKCORP Inc/SH by 16.0% in the third quarter. State Street Corp now owns 151,939 shares of the company’s stock worth $2,668,000 after buying an additional 20,902 shares in the last quarter. Millennium Management LLC purchased a new position in shares of FVCBANKCORP Inc/SH in the third quarter worth about $1,045,000. Metropolitan Life Insurance Co NY purchased a new position in shares of FVCBANKCORP Inc/SH in the third quarter worth about $79,000. Finally, Victory Capital Management Inc. lifted its stake in shares of FVCBANKCORP Inc/SH by 2,398.3% in the fourth quarter. Victory Capital Management Inc. now owns 55,188 shares of the company’s stock worth $880,000 after buying an additional 52,979 shares in the last quarter. Institutional investors and hedge funds own 4.15% of the company’s stock.

About FVCBANKCORP Inc/SH

FVCBankcorp, Inc provides various banking products and services in Fairfax, Virginia. It offers various personal and business banking products and services, such as checking and savings accounts, money market accounts, certificates of deposit, individual retirement accounts, and health savings accounts.

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