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

FVCBankcorp, Inc. (NASDAQ:FVCBGet Rating) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 42,800 shares, a growth of 203.5% from the April 15th total of 14,100 shares. Based on an average trading volume of 31,300 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.4% of the shares of the stock are sold short.

Shares of FVCB opened at $20.15 on Thursday. The firm has a market cap of $280.87 million, a PE ratio of 12.77 and a beta of 0.29. The stock’s fifty day moving average price is $20.61 and its two-hundred day moving average price is $20.49. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.90 and a quick ratio of 0.90. FVCBankcorp has a 1 year low of $16.43 and a 1 year high of $21.90.

FVCBankcorp (NASDAQ:FVCBGet Rating) last issued its earnings results on Thursday, April 21st. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.06. The firm had revenue of $16.68 million for the quarter, compared to analyst estimates of $16.53 million. FVCBankcorp had a return on equity of 11.87% and a net margin of 31.05%. Sell-side analysts anticipate that FVCBankcorp will post 1.79 earnings per share for the current fiscal year.

A number of equities research analysts have commented on FVCB shares. Piper Sandler reissued an “overweight” rating and issued a $23.50 price objective on shares of FVCBankcorp in a research note on Tuesday, February 1st. Zacks Investment Research raised FVCBankcorp from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Tuesday, April 5th. Finally, Raymond James raised FVCBankcorp from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $23.00 to $25.00 in a research report on Monday, January 24th.

In other news, COO B. Todd Dempsey sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, February 23rd. The stock was sold at an average price of $20.92, for a total transaction of $188,280.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas L. /Va/ Patterson sold 16,000 shares of the firm’s stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $20.20, for a total value of $323,200.00. Following the transaction, the director now owns 62,506 shares of the company’s stock, valued at $1,262,621.20. The disclosure for this sale can be found here. Insiders sold 36,485 shares of company stock worth $751,443 over the last three months. 22.25% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Tudor Investment Corp Et Al bought a new stake in shares of FVCBankcorp in the third quarter valued at $269,000. Geode Capital Management LLC boosted its stake in FVCBankcorp by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 94,216 shares of the company’s stock worth $1,883,000 after purchasing an additional 2,031 shares during the period. Barclays PLC grew its holdings in FVCBankcorp by 1,669.1% during the 3rd quarter. Barclays PLC now owns 30,198 shares of the company’s stock valued at $604,000 after buying an additional 28,491 shares in the last quarter. Two Sigma Advisers LP bought a new stake in shares of FVCBankcorp during the third quarter valued at about $340,000. Finally, Bridgewater Advisors Inc. lifted its holdings in shares of FVCBankcorp by 90.4% in the fourth quarter. Bridgewater Advisors Inc. now owns 164,713 shares of the company’s stock worth $3,242,000 after buying an additional 78,219 shares in the last quarter. Hedge funds and other institutional investors own 29.39% of the company’s stock.

FVCBankcorp Company Profile (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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