Banc Funds Co. LLC Cuts Stock Position in FVCBankcorp, Inc. (NASDAQ:FVCB)

Banc Funds Co. LLC decreased its position in shares of FVCBankcorp, Inc. (NASDAQ:FVCB) by 5.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 280,121 shares of the company’s stock after selling 17,100 shares during the period. Banc Funds Co. LLC owned about 1.54% of FVCBankcorp worth $3,656,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Princeton Capital Management LLC purchased a new stake in FVCBankcorp during the second quarter worth about $109,000. Chevy Chase Trust Holdings LLC increased its stake in FVCBankcorp by 45.8% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 19,687 shares of the company’s stock worth $215,000 after buying an additional 6,187 shares during the period. Bank of New York Mellon Corp lifted its holdings in FVCBankcorp by 17.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 52,884 shares of the company’s stock worth $577,000 after buying an additional 7,709 shares in the last quarter. Empowered Funds LLC lifted its holdings in FVCBankcorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 54,205 shares of the company’s stock worth $707,000 after buying an additional 2,680 shares in the last quarter. Finally, Evermay Wealth Management LLC boosted its position in FVCBankcorp by 437.3% in the 2nd quarter. Evermay Wealth Management LLC now owns 95,914 shares of the company’s stock valued at $1,047,000 after buying an additional 78,064 shares during the period. 43.61% of the stock is currently owned by hedge funds and other institutional investors.

FVCBankcorp Trading Up 3.2 %

NASDAQ:FVCB opened at $14.38 on Monday. FVCBankcorp, Inc. has a 12-month low of $9.78 and a 12-month high of $15.39. The firm has a market cap of $261.77 million, a PE ratio of 53.26 and a beta of 0.22. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.09. The stock has a fifty day moving average price of $13.23 and a 200 day moving average price of $12.01.

FVCBankcorp (NASDAQ:FVCB) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. FVCBankcorp had a return on equity of 7.29% and a net margin of 4.95%. The business had revenue of $30.05 million during the quarter, compared to analysts’ expectations of $15.07 million. Sell-side analysts anticipate that FVCBankcorp, Inc. will post 0.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman David W. Pijor sold 2,000 shares of FVCBankcorp stock in a transaction 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 completion of the sale, the chairman now directly owns 466,566 shares of the company’s stock, valued at approximately $6,298,641. The trade was a 0.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 13.99% of the stock is currently owned by company insiders.

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.