FVCBankcorp, Inc. (NASDAQ:FVCB) Short Interest Update

FVCBankcorp, Inc. (NASDAQ:FVCBGet Rating) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 12,200 shares, a decrease of 32.2% from the March 15th total of 18,000 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 34,800 shares, the days-to-cover ratio is currently 0.4 days.

In other FVCBankcorp news, EVP Sharon L. Jackson sold 3,000 shares of the business’s stock in a transaction on Monday, January 31st. The shares were sold at an average price of $20.27, for a total value of $60,810.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider William G. Byers sold 2,000 shares of the business’s stock in a transaction on Thursday, February 17th. The shares were sold at an average price of $20.79, for a total transaction of $41,580.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,592 shares of company stock valued at $701,954. 21.55% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. lifted its holdings in FVCBankcorp by 1.7% in the 3rd quarter. Alliancebernstein L.P. now owns 450,688 shares of the company’s stock valued at $9,014,000 after purchasing an additional 7,691 shares in the last quarter. Fourthstone LLC lifted its holdings in FVCBankcorp by 263.1% in the 3rd quarter. Fourthstone LLC now owns 331,109 shares of the company’s stock valued at $6,622,000 after purchasing an additional 239,922 shares in the last quarter. Bridgewater Advisors Inc. lifted its holdings in FVCBankcorp by 90.4% in the 4th quarter. Bridgewater Advisors Inc. now owns 164,713 shares of the company’s stock valued at $3,242,000 after purchasing an additional 78,219 shares in the last quarter. Geode Capital Management LLC lifted its holdings in FVCBankcorp by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 94,216 shares of the company’s stock valued at $1,883,000 after purchasing an additional 2,031 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in FVCBankcorp by 48.1% in the 4th quarter. BlackRock Inc. now owns 89,781 shares of the company’s stock valued at $1,767,000 after purchasing an additional 29,169 shares in the last quarter. Institutional investors and hedge funds own 29.72% of the company’s stock.

FVCBankcorp stock opened at $19.72 on Friday. FVCBankcorp has a 52 week low of $16.43 and a 52 week high of $21.49. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.21. The firm’s 50-day simple moving average is $20.69 and its 200 day simple moving average is $20.44. The firm has a market capitalization of $274.90 million, a PE ratio of 13.15 and a beta of 0.31.

FVCBankcorp (NASDAQ:FVCBGet Rating) last released its quarterly earnings data on Wednesday, January 26th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.37 by $0.08. FVCBankcorp had a net margin of 30.16% and a return on equity of 11.45%. The business had revenue of $17.00 million for the quarter, compared to analyst estimates of $17.02 million. On average, research analysts expect that FVCBankcorp will post 1.68 EPS for the current fiscal year.

FVCB has been the topic of a number of recent analyst reports. Raymond James raised shares of FVCBankcorp from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $23.00 to $25.00 in a research note on Monday, January 24th. Zacks Investment Research raised shares of FVCBankcorp from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Tuesday, April 5th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $23.50 price target on shares of FVCBankcorp in a research note on Tuesday, February 1st.

About FVCBankcorp (Get Rating)

FVCBankcorp, Inc operates as the holding company for FVCbank that provides various banking products and services in Virginia. It offers deposit products, including interest and noninterest-bearing transaction accounts, checking and savings accounts, money market accounts, and certificates of deposit.

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