Northern Trust Corp Increases Position in FVCBankcorp, Inc. (NASDAQ:FVCB)

Northern Trust Corp lifted its stake in FVCBankcorp, Inc. (NASDAQ:FVCB) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,802 shares of the company’s stock after acquiring an additional 5,754 shares during the period. Northern Trust Corp owned 0.72% of FVCBankcorp worth $1,644,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Wells Fargo & Company MN grew its stake in FVCBankcorp by 29.9% in the fourth quarter. Wells Fargo & Company MN now owns 9,783 shares of the company’s stock valued at $123,000 after purchasing an additional 2,250 shares during the last quarter. Hughes Financial Services LLC bought a new stake in shares of FVCBankcorp in the 4th quarter valued at about $132,000. Evermay Wealth Management LLC grew its position in shares of FVCBankcorp by 23.1% in the 4th quarter. Evermay Wealth Management LLC now owns 13,074 shares of the company’s stock worth $164,000 after buying an additional 2,454 shares during the last quarter. Warner Financial Inc. raised its stake in shares of FVCBankcorp by 26.7% during the 4th quarter. Warner Financial Inc. now owns 23,190 shares of the company’s stock worth $291,000 after acquiring an additional 4,882 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of FVCBankcorp by 6.1% during the 4th quarter. Rhumbline Advisers now owns 24,601 shares of the company’s stock worth $309,000 after acquiring an additional 1,415 shares in the last quarter. 43.61% of the stock is currently owned by hedge funds and other institutional investors.

FVCBankcorp Price Performance

Shares of FVCB opened at $11.43 on Tuesday. The company has a 50 day moving average of $10.83 and a two-hundred day moving average of $11.81. 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, Inc. has a twelve month low of $9.49 and a twelve month high of $14.50. The company has a market cap of $205.65 million, a price-to-earnings ratio of 14.11 and a beta of 0.34.

FVCBankcorp (NASDAQ:FVCB) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. FVCBankcorp had a return on equity of 7.72% and a net margin of 13.00%. The firm had revenue of $15.72 million during the quarter, compared to analysts’ expectations of $16.09 million. As a group, analysts predict that FVCBankcorp, Inc. will post 1.06 earnings per share for the current fiscal year.

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.