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

FVCBankcorp, Inc. (NASDAQ:FVCB) saw a large increase in short interest in June. As of June 15th, there was short interest totalling 141,300 shares, an increase 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 presently 6.9 days.

FVCBankcorp Stock Performance

Shares of NASDAQ FVCB opened at $10.45 on Thursday. FVCBankcorp has a 52-week low of $9.78 and a 52-week high of $15.39. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.00 and a current ratio of 1.00. The firm’s fifty day moving average is $11.00 and its two-hundred day moving average is $11.93. The company has a market cap of $188.00 million, a P/E ratio of 43.54 and a beta of 0.24.

FVCBankcorp (NASDAQ:FVCB) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The business had revenue of $13.19 million during the quarter, compared to analysts’ expectations of $13.82 million. FVCBankcorp had a return on equity of 7.33% and a net margin of 4.55%. As a group, analysts anticipate that FVCBankcorp will post 0.91 EPS for the current fiscal year.

Insider Activity at FVCBankcorp

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

Institutional Investors Weigh In On FVCBankcorp

Several large investors have recently added to or reduced their stakes in FVCB. BNP Paribas Financial Markets lifted its position in FVCBankcorp by 69.2% in the first quarter. BNP Paribas Financial Markets now owns 7,707 shares of the company’s stock worth $94,000 after buying an additional 3,152 shares during the last quarter. New York State Common Retirement Fund raised its position in FVCBankcorp by 1,504.6% in the 4th quarter. New York State Common Retirement Fund now owns 7,670 shares of the company’s stock worth $109,000 after purchasing an additional 7,192 shares during the period. SG Americas Securities LLC purchased a new stake in FVCBankcorp in the 4th quarter worth about $124,000. Burt Wealth Advisors purchased a new position in shares of FVCBankcorp during the fourth quarter valued at approximately $173,000. Finally, J.W. Cole Advisors Inc. bought a new position in shares of FVCBankcorp during the fourth quarter valued at approximately $414,000. 43.61% of the stock is owned by institutional investors.

FVCBankcorp Company Profile

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.