FVCBankcorp, Inc. (NASDAQ:FVCB) Short Interest Down 8.9% in November

FVCBankcorp, Inc. (NASDAQ:FVCB) was the target of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 72,500 shares, a drop of 8.9% from the November 15th total of 79,600 shares. Based on an average trading volume of 21,600 shares, the short-interest ratio is currently 3.4 days.

FVCBankcorp Stock Down 0.1 %

Shares of NASDAQ:FVCB traded down $0.01 during mid-day trading on Tuesday, hitting $13.72. 3,378 shares of the company traded hands, compared to its average volume of 22,934. The firm has a market cap of $249.76 million, a P/E ratio of 50.85 and a beta of 0.25. FVCBankcorp has a 52-week low of $9.78 and a 52-week high of $15.39. The firm’s 50 day simple moving average is $13.46 and its 200 day simple moving average is $12.20. 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 issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $30.05 million for the quarter, compared to analyst estimates of $15.07 million. FVCBankcorp had a net margin of 4.95% and a return on equity of 7.29%. On average, equities analysts anticipate that FVCBankcorp will post 0.92 EPS for the current year.

Insider Buying and Selling

In other news, Chairman David W. Pijor sold 2,000 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $13.50, for a total value of $27,000.00. Following the transaction, the chairman now owns 466,566 shares of the company’s stock, valued at approximately $6,298,641. This trade represents a 0.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 13.99% of the company’s stock.

Hedge Funds Weigh In On FVCBankcorp

A number of institutional investors have recently made changes to their positions in FVCB. Geode Capital Management LLC grew its position in shares of FVCBankcorp by 1.4% during the third quarter. Geode Capital Management LLC now owns 357,570 shares of the company’s stock worth $4,667,000 after buying an additional 4,820 shares in the last quarter. State Street Corp lifted its position in shares of FVCBankcorp by 2.0% during the third quarter. State Street Corp now owns 307,284 shares of the company’s stock worth $4,010,000 after purchasing an additional 5,974 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in FVCBankcorp by 7.9% in the second quarter. Dimensional Fund Advisors LP now owns 218,271 shares of the company’s stock worth $2,383,000 after purchasing an additional 16,073 shares in the last quarter. Bridgewater Advisors Inc. bought a new stake in FVCBankcorp in the third quarter valued at about $2,246,000. Finally, Fourthstone LLC acquired a new stake in FVCBankcorp during the third quarter valued at approximately $1,371,000. 43.61% of the stock is owned by institutional investors and hedge funds.

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.