Bridgewater Advisors Inc. Has $953,000 Stake in Fvcbankcorp, Inc. (NASDAQ:FVCB)

Bridgewater Advisors Inc. trimmed its holdings in shares of Fvcbankcorp, Inc. (NASDAQ:FVCB - Free Report) by 50.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 83,043 shares of the company's stock after selling 84,382 shares during the period. Bridgewater Advisors Inc. owned approximately 0.45% of Fvcbankcorp worth $953,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Rhino Investment Partners Inc boosted its stake in Fvcbankcorp by 2,310.7% during the fourth quarter. Rhino Investment Partners Inc now owns 219,205 shares of the company's stock valued at $2,755,000 after buying an additional 210,112 shares in the last quarter. Westbourne Investments Inc. bought a new position in Fvcbankcorp during the fourth quarter valued at about $926,000. JPMorgan Chase & Co. boosted its stake in Fvcbankcorp by 128.8% during the fourth quarter. JPMorgan Chase & Co. now owns 56,347 shares of the company's stock valued at $708,000 after buying an additional 31,719 shares in the last quarter. Citadel Advisors LLC boosted its stake in Fvcbankcorp by 38.9% during the fourth quarter. Citadel Advisors LLC now owns 30,038 shares of the company's stock valued at $378,000 after buying an additional 8,405 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Fvcbankcorp by 18.9% during the fourth quarter. Bank of New York Mellon Corp now owns 48,784 shares of the company's stock valued at $613,000 after buying an additional 7,743 shares in the last quarter. 43.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Piper Sandler raised Fvcbankcorp to an "overweight" rating and set a $16.00 target price for the company in a research note on Wednesday, July 9th.

Fvcbankcorp Trading Down 0.9%

Shares of NASDAQ:FVCB traded down $0.12 during midday trading on Friday, reaching $13.21. The company had a trading volume of 56,050 shares, compared to its average volume of 36,088. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.01 and a current ratio of 1.01. Fvcbankcorp, Inc. has a 1-year low of $9.49 and a 1-year high of $14.50. The firm has a market cap of $237.65 million, a price-to-earnings ratio of 12.95 and a beta of 0.35. The company has a fifty day simple moving average of $11.97 and a two-hundred day simple moving average of $11.47.

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.04. Fvcbankcorp had a return on equity of 8.18% and a net margin of 16.03%. The firm had revenue of $15.72 million during the quarter, compared to analyst estimates of $16.09 million. Research analysts predict that Fvcbankcorp, Inc. will post 1.06 earnings per share for the current year.

Fvcbankcorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, July 28th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.82%.

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.