Short Interest in FVCBankcorp, Inc. (NASDAQ:FVCB) Declines By 7.8%

FVCBankcorp, Inc. (NASDAQ:FVCB) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 123,500 shares, a decline of 7.8% from the March 15th total of 134,000 shares. Based on an average trading volume of 22,500 shares, the days-to-cover ratio is presently 5.5 days.

Analysts Set New Price Targets

Separately, TheStreet lowered shares of FVCBankcorp from a “b” rating to a “c+” rating in a report on Wednesday, January 24th.

FVCBankcorp Stock Down 2.8 %

Shares of NASDAQ FVCB traded down $0.30 during mid-day trading on Tuesday, hitting $10.39. The company had a trading volume of 4,078 shares, compared to its average volume of 21,989. The firm has a 50-day simple moving average of $11.77 and a two-hundred day simple moving average of $12.22. FVCBankcorp has a one year low of $8.30 and a one year high of $15.39. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $185.77 million, a PE ratio of 51.95 and a beta of 0.21.

FVCBankcorp (NASDAQ:FVCB) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. FVCBankcorp had a net margin of 4.10% and a return on equity of 7.99%. The firm had revenue of $16.79 million during the quarter, compared to analysts’ expectations of $14.10 million. On average, equities analysts expect that FVCBankcorp will post 0.98 EPS for the current year.

Insider Buying and Selling

In other news, Chairman David W. Pijor sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $11.75, for a total transaction of $58,750.00. Following the completion of the transaction, the chairman now owns 446,010 shares of the company’s stock, valued at $5,240,617.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Lawrence W. Schwartz sold 24,413 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $12.10, for a total value of $295,397.30. Following the sale, the director now owns 7,626 shares of the company’s stock, valued at $92,274.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman David W. Pijor sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $11.75, for a total transaction of $58,750.00. Following the transaction, the chairman now owns 446,010 shares of the company’s stock, valued at approximately $5,240,617.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,406 shares of company stock valued at $988,782. 13.99% of the stock is owned by company insiders.

Institutional Investors Weigh In On FVCBankcorp

Several institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its holdings in shares of FVCBankcorp by 2,349.6% during the second quarter. BNP Paribas Arbitrage SA now owns 3,111 shares of the company’s stock worth $59,000 after buying an additional 2,984 shares in the last quarter. Barclays PLC increased its holdings in FVCBankcorp by 532.7% in the 4th quarter. Barclays PLC now owns 3,208 shares of the company’s stock worth $61,000 after purchasing an additional 2,701 shares in the last quarter. Tower Research Capital LLC TRC raised its position in FVCBankcorp by 374.7% in the third quarter. Tower Research Capital LLC TRC now owns 3,693 shares of the company’s stock valued at $47,000 after purchasing an additional 2,915 shares during the last quarter. BNP Paribas Arbitrage SNC boosted its stake in shares of FVCBankcorp by 19.0% during the third quarter. BNP Paribas Arbitrage SNC now owns 3,701 shares of the company’s stock valued at $71,000 after purchasing an additional 590 shares in the last quarter. Finally, UBS Group AG grew its holdings in shares of FVCBankcorp by 3,104.6% during the fourth quarter. UBS Group AG now owns 4,839 shares of the company’s stock worth $92,000 after purchasing an additional 4,688 shares during the last quarter. Institutional investors own 43.61% of the company’s stock.

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.