Bank of New York Mellon Corp Boosts Stake in FVCBankcorp, Inc. (NASDAQ:FVCB)

Bank of New York Mellon Corp lifted its position in FVCBankcorp, Inc. (NASDAQ:FVCB) by 18.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,784 shares of the company’s stock after acquiring an additional 7,743 shares during the period. Bank of New York Mellon Corp owned 0.27% of FVCBankcorp worth $613,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Rhumbline Advisers boosted its holdings in shares of FVCBankcorp by 6.1% during the 4th quarter. Rhumbline Advisers now owns 24,601 shares of the company’s stock valued at $309,000 after buying an additional 1,415 shares in the last quarter. Evermay Wealth Management LLC lifted its position in FVCBankcorp by 23.1% during the 4th quarter. Evermay Wealth Management LLC now owns 13,074 shares of the company’s stock valued at $164,000 after acquiring an additional 2,454 shares during the period. Empowered Funds LLC lifted its position in FVCBankcorp by 5.1% during the 4th quarter. Empowered Funds LLC now owns 56,961 shares of the company’s stock valued at $716,000 after acquiring an additional 2,756 shares during the period. Geode Capital Management LLC boosted its stake in 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 acquiring an additional 4,820 shares in the last quarter. Finally, Warner Financial Inc. grew its holdings in FVCBankcorp by 26.7% in the fourth quarter. Warner Financial Inc. now owns 23,190 shares of the company’s stock worth $291,000 after purchasing an additional 4,882 shares during the period. Hedge funds and other institutional investors own 43.61% of the company’s stock.

FVCBankcorp Price Performance

FVCB stock opened at $10.42 on Thursday. 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 has a 50 day moving average price of $11.41 and a 200-day moving average price of $12.43. FVCBankcorp, Inc. has a 52-week low of $9.78 and a 52-week high of $14.50. The firm has a market capitalization of $189.69 million, a price-to-earnings ratio of 12.86 and a beta of 0.26.

FVCBankcorp (NASDAQ:FVCB) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. FVCBankcorp had a return on equity of 7.72% and a net margin of 13.00%. Equities research analysts forecast that FVCBankcorp, Inc. will post 1.06 EPS for the current fiscal year.

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.