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

Key Points

• Short interest jumped 47.2% in March to 94,371 shares (about 0.6% of the stock) and the days-to-cover ratio is 1.8, signaling increased bearish bets but limited cover risk.
• Insider selling accelerated—Director Phillip R. Wills III sold 11,462 shares on March 17 (reducing his stake by 17.6%) and insiders disposed of 27,462 shares in the last 90 days while owning 10.85% of the company.
• Fundamentals and Street view are mixed-to-positive: market cap $267.8M, PE 12.34, quarterly EPS $0.31 met estimates with revenue above forecasts, a $0.06 quarterly dividend (1.6% yield), and a consensus rating of Moderate Buy with an average target of $18.

Fvcbankcorp, Inc. (NASDAQ:FVCB - Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 94,371 shares, a growth of 47.2% from the February 26th total of 64,104 shares. Approximately 0.6% of the company's stock are short sold. Based on an average daily trading volume, of 53,005 shares, the days-to-cover ratio is currently 1.8 days.

Fvcbankcorp Stock Performance

FVCB stock traded down $0.07 during mid-day trading on Friday, hitting $14.93. The company had a trading volume of 30,986 shares, compared to its average volume of 62,019. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $267.84 million, a PE ratio of 12.34 and a beta of 0.39. Fvcbankcorp has a 12 month low of $9.49 and a 12 month high of $17.94. The stock's fifty day moving average price is $15.25 and its two-hundred day moving average price is $13.81.

Fvcbankcorp (NASDAQ:FVCB - Get Free Report) last issued its quarterly earnings results on Tuesday, January 20th. The company reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. Fvcbankcorp had a net margin of 18.08% and a return on equity of 8.92%. The company had revenue of $18.33 million during the quarter, compared to analyst estimates of $16.45 million. On average, analysts forecast that Fvcbankcorp will post 1.06 earnings per share for the current fiscal year.

Fvcbankcorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, January 26th were paid a dividend of $0.06 per share. The ex-dividend date was Monday, January 26th. This represents a $0.24 annualized dividend and a dividend yield of 1.6%. Fvcbankcorp's dividend payout ratio is presently 19.83%.

Insider Activity

In related news, Director Phillip R. Wills III sold 11,462 shares of the company's stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $14.81, for a total value of $169,752.22. Following the sale, the director owned 53,694 shares in the company, valued at $795,208.14. This represents a 17.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 27,462 shares of company stock worth $417,034 in the last ninety days. 10.85% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fvcbankcorp

Large investors have recently modified their holdings of the business. CWM LLC grew its position in shares of Fvcbankcorp by 498.9% during the 3rd quarter. CWM LLC now owns 2,186 shares of the company's stock valued at $28,000 after purchasing an additional 1,821 shares in the last quarter. Russell Investments Group Ltd. grew its position in Fvcbankcorp by 115.6% during the third quarter. Russell Investments Group Ltd. now owns 2,964 shares of the company's stock worth $38,000 after buying an additional 1,589 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Fvcbankcorp by 138.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,254 shares of the company's stock worth $55,000 after acquiring an additional 2,468 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Fvcbankcorp during the 2nd quarter valued at about $71,000. Finally, Invesco Ltd. purchased a new position in shares of Fvcbankcorp during the fourth quarter worth about $140,000. Hedge funds and other institutional investors own 43.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FVCB shares. Piper Sandler reissued an "overweight" rating and set a $18.00 target price (up from $16.00) on shares of Fvcbankcorp in a research report on Thursday, February 12th. Weiss Ratings raised Fvcbankcorp from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, March 10th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $18.00.

About Fvcbankcorp

Fvcbankcorp is a bank holding company headquartered in Warrenton, Virginia, operating through its wholly owned subsidiary, The Fauquier Bank. The company traces its origins to The Fauquier Bank, which was chartered in 2007 to serve local businesses and individuals in Northern Virginia. Fvcbankcorp provides strategic oversight and support to its community banking operations, guiding growth initiatives and ensuring regulatory compliance across its branch network.

The Fauquier Bank offers a comprehensive range of commercial and retail banking products and services.

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