Empowered Funds LLC Purchases 2,680 Shares of FVCBankcorp, Inc. (NASDAQ:FVCB)

Empowered Funds LLC raised its position in FVCBankcorp, Inc. (NASDAQ:FVCB) by 5.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,205 shares of the company’s stock after acquiring an additional 2,680 shares during the quarter. Empowered Funds LLC owned approximately 0.30% of FVCBankcorp worth $707,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets lifted its stake 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 acquiring an additional 3,152 shares during the period. Princeton Capital Management LLC purchased a new stake in shares of FVCBankcorp in the 2nd quarter worth about $109,000. Chevy Chase Trust Holdings LLC boosted its stake in shares of FVCBankcorp by 45.8% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 19,687 shares of the company’s stock valued at $215,000 after purchasing an additional 6,187 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of FVCBankcorp by 17.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 52,884 shares of the company’s stock valued at $577,000 after purchasing an additional 7,709 shares in the last quarter. Finally, Evermay Wealth Management LLC increased its position in shares of FVCBankcorp by 437.3% during the second quarter. Evermay Wealth Management LLC now owns 95,914 shares of the company’s stock valued at $1,047,000 after buying an additional 78,064 shares during the period. 43.61% of the stock is owned by institutional investors.

FVCBankcorp Trading Down 0.2 %

NASDAQ FVCB opened at $13.79 on Friday. The firm has a market capitalization of $251.03 million, a PE ratio of 51.07 and a beta of 0.22. The stock’s 50 day moving average is $13.11 and its 200 day moving average is $11.91. FVCBankcorp, Inc. has a twelve month low of $9.78 and a twelve month high of $15.39. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.09.

FVCBankcorp (NASDAQ:FVCB) last released its earnings results on Tuesday, October 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $30.05 million during the quarter, compared to analyst estimates of $15.07 million. FVCBankcorp had a net margin of 4.95% and a return on equity of 7.37%. Research analysts forecast that FVCBankcorp, Inc. will post 0.92 earnings per share for the current fiscal year.

Insider Activity

In other FVCBankcorp news, Chairman David W. Pijor sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $13.50, for a total transaction of $27,000.00. Following the completion of the sale, the chairman now directly owns 466,566 shares of the company’s stock, valued at approximately $6,298,641. This represents a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 5,000 shares of company stock valued at $62,910 over the last ninety days. 13.99% of the stock is currently owned by corporate insiders.

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.