Short Interest in Fauquier Bankshares, Inc. (NASDAQ:FBSS) Declines By 64.7%

Fauquier Bankshares, Inc. (NASDAQ:FBSS) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 1,200 shares, a decline of 64.7% from the August 30th total of 3,400 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 3,300 shares, the short-interest ratio is presently 0.4 days.

Separately, ValuEngine upgraded shares of Fauquier Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, September 14th.

FBSS traded up $0.30 during trading on Friday, hitting $19.30. 1,721 shares of the company’s stock were exchanged, compared to its average volume of 5,259. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.53. The business’s 50 day moving average is $20.20 and its two-hundred day moving average is $20.88. Fauquier Bankshares has a fifty-two week low of $17.21 and a fifty-two week high of $26.90. The stock has a market cap of $71.91 million, a P/E ratio of 11.80 and a beta of 0.47.

Fauquier Bankshares (NASDAQ:FBSS) last released its quarterly earnings data on Friday, July 19th. The financial services provider reported $0.41 earnings per share for the quarter. Fauquier Bankshares had a net margin of 18.05% and a return on equity of 9.96%. The firm had revenue of $7.48 million for the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.48 annualized dividend and a yield of 2.49%.

In other Fauquier Bankshares news, CEO Marc J. Bogan acquired 2,420 shares of the stock in a transaction on Wednesday, August 28th. The shares were purchased at an average price of $20.57 per share, for a total transaction of $49,779.40. Following the completion of the acquisition, the chief executive officer now owns 13,536 shares in the company, valued at approximately $278,435.52. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.42% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fayez Sarofim & Co acquired a new position in Fauquier Bankshares during the second quarter worth $205,000. Vanguard Group Inc. acquired a new position in Fauquier Bankshares during the second quarter worth $308,000. Castine Capital Management LLC raised its holdings in Fauquier Bankshares by 31.5% during the first quarter. Castine Capital Management LLC now owns 130,951 shares of the financial services provider’s stock worth $2,699,000 after buying an additional 31,381 shares during the last quarter. Finally, Meridian Financial Partners LLC grew its stake in shares of Fauquier Bankshares by 1.3% in the 3rd quarter. Meridian Financial Partners LLC now owns 222,671 shares of the financial services provider’s stock worth $4,326,000 after acquiring an additional 2,830 shares in the last quarter. Hedge funds and other institutional investors own 25.70% of the company’s stock.

About Fauquier Bankshares

Fauquier Bankshares, Inc operates as the bank holding company for The Fauquier Bank that provides retail banking services to individuals and businesses. The company accepts various deposits, including interest and noninterest-bearing checking, money market, and savings accounts; and time deposits. Its loan portfolio includes commercial and industrial loans, commercial real estate loans, construction and land loans, consumer and student loans, residential real estate loans, and home equity lines of credit.

Further Reading: Average Daily Trade Volume – ADTV

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