FVCBankcorp, Inc. (NASDAQ:FVCB) Sees Significant Growth in Short Interest

FVCBankcorp, Inc. (NASDAQ:FVCB) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 141,300 shares, a growth of 7.5% from the May 31st total of 131,400 shares. Based on an average daily volume of 20,500 shares, the short-interest ratio is currently 6.9 days.

FVCBankcorp Trading Down 0.7 %

FVCBankcorp stock traded down $0.07 during mid-day trading on Tuesday, hitting $10.33. The company’s stock had a trading volume of 10,372 shares, compared to its average volume of 22,151. FVCBankcorp has a one year low of $9.78 and a one year high of $15.39. The stock has a market cap of $185.84 million, a PE ratio of 43.34 and a beta of 0.24. The company has a 50 day moving average of $11.04 and a 200-day moving average of $11.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.00 and a current ratio of 1.00.

FVCBankcorp (NASDAQ:FVCB) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. The firm had revenue of $13.19 million for the quarter, compared to analysts’ expectations of $13.82 million. FVCBankcorp had a net margin of 4.55% and a return on equity of 7.33%. On average, research analysts anticipate that FVCBankcorp will post 0.91 EPS for the current year.

Insider Activity

In other FVCBankcorp news, Director Devin Satz sold 12,650 shares of FVCBankcorp stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $10.81, for a total transaction of $136,746.50. Following the completion of the transaction, the director now directly owns 128,910 shares of the company’s stock, valued at $1,393,517.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO B. Todd Dempsey sold 3,133 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $10.82, for a total transaction of $33,899.06. Following the transaction, the chief operating officer now owns 81,217 shares of the company’s stock, valued at $878,767.94. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Devin Satz sold 12,650 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $10.81, for a total value of $136,746.50. Following the sale, the director now directly owns 128,910 shares of the company’s stock, valued at $1,393,517.10. The disclosure for this sale can be found here. Insiders sold 29,945 shares of company stock valued at $328,402 in the last ninety days. Insiders own 13.99% of the company’s stock.

Hedge Funds Weigh In On FVCBankcorp

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of FVCBankcorp by 1.5% during the first quarter. Vanguard Group Inc. now owns 812,588 shares of the company’s stock valued at $9,897,000 after buying an additional 11,977 shares during the period. Empowered Funds LLC lifted its stake in FVCBankcorp by 7.9% in the first quarter. Empowered Funds LLC now owns 47,925 shares of the company’s stock worth $584,000 after acquiring an additional 3,500 shares during the period. BNP Paribas Financial Markets grew its holdings in FVCBankcorp by 69.2% during the 1st quarter. BNP Paribas Financial Markets now owns 7,707 shares of the company’s stock worth $94,000 after acquiring an additional 3,152 shares in the last quarter. New York State Common Retirement Fund increased its position in FVCBankcorp by 1,504.6% during the 4th quarter. New York State Common Retirement Fund now owns 7,670 shares of the company’s stock valued at $109,000 after purchasing an additional 7,192 shares during the period. Finally, Burt Wealth Advisors bought a new stake in shares of FVCBankcorp in the 4th quarter valued at about $173,000. 43.61% of the stock is currently owned by institutional investors.

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.