FJ Capital Management LLC Sells 87,211 Shares of FVCBankcorp, Inc. (NASDAQ:FVCB)

FJ Capital Management LLC lowered its stake in FVCBankcorp, Inc. (NASDAQ:FVCB - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,622,888 shares of the company's stock after selling 87,211 shares during the quarter. FVCBankcorp makes up approximately 2.4% of FJ Capital Management LLC's investment portfolio, making the stock its 16th largest position. FJ Capital Management LLC owned approximately 8.92% of FVCBankcorp worth $20,400,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in FVCBankcorp by 29.9% during the fourth quarter. Wells Fargo & Company MN now owns 9,783 shares of the company's stock worth $123,000 after purchasing an additional 2,250 shares during the period. Hughes Financial Services LLC bought a new position in FVCBankcorp during the fourth quarter worth about $132,000. Evermay Wealth Management LLC grew its holdings in FVCBankcorp by 23.1% during the fourth quarter. Evermay Wealth Management LLC now owns 13,074 shares of the company's stock worth $164,000 after purchasing an additional 2,454 shares during the period. Bank of America Corp DE grew its holdings in FVCBankcorp by 43.7% during the fourth quarter. Bank of America Corp DE now owns 16,408 shares of the company's stock worth $206,000 after purchasing an additional 4,986 shares during the period. Finally, Barclays PLC grew its holdings in FVCBankcorp by 286.4% during the third quarter. Barclays PLC now owns 21,529 shares of the company's stock worth $281,000 after purchasing an additional 15,957 shares during the period. Institutional investors own 43.61% of the company's stock.

FVCBankcorp Stock Performance

FVCBankcorp stock traded down $0.18 during midday trading on Friday, reaching $11.60. 23,427 shares of the company's stock were exchanged, compared to its average volume of 27,201. FVCBankcorp, Inc. has a 52 week low of $9.49 and a 52 week high of $14.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $213.51 million, a price-to-earnings ratio of 14.32 and a beta of 0.34. The stock's 50-day simple moving average is $10.53 and its 200 day simple moving average is $11.93.

FVCBankcorp (NASDAQ:FVCB - Get Free Report) last posted its quarterly earnings results 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 7.72% and a net margin of 13.00%. The business had revenue of $15.72 million during the quarter, compared to analysts' expectations of $16.09 million. On average, analysts expect that FVCBankcorp, Inc. will post 1.06 earnings per share for the current fiscal year.

FVCBankcorp 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.