FVCBankcorp (NASDAQ:FVCB) Shares Down 3.1%

FVCBankcorp, Inc. (NASDAQ:FVCB - Get Free Report)'s share price dropped 3.1% during trading on Thursday . The company traded as low as $9.78 and last traded at $10.14. Approximately 19,206 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 22,152 shares. The stock had previously closed at $10.46.

Analysts Set New Price Targets

Separately, TheStreet lowered FVCBankcorp from a "b" rating to a "c+" rating in a research note on Wednesday, January 24th.

FVCBankcorp Stock Performance

The stock has a 50 day moving average of $11.83 and a 200 day moving average of $12.24. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $181.30 million, a price-to-earnings ratio of 50.70 and a beta of 0.21.

FVCBankcorp (NASDAQ:FVCB - Get Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. FVCBankcorp had a return on equity of 8.07% and a net margin of 4.10%. The firm had revenue of $16.79 million for the quarter, compared to analyst estimates of $14.10 million. As a group, analysts predict that FVCBankcorp, Inc. will post 0.98 EPS for the current year.

Insider Buying and Selling at FVCBankcorp

In other FVCBankcorp news, Director Phillip R. Wills III sold 29,033 shares of the business's stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $12.74, for a total value of $369,880.42. Following the transaction, the director now directly owns 69,223 shares of the company's stock, valued at $881,901.02. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider William G. Byers sold 15,081 shares of the company's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $12.01, for a total transaction of $181,122.81. Following the transaction, the insider now directly owns 40,290 shares of the company's stock, valued at $483,882.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Phillip R. Wills III sold 29,033 shares of the company's stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $12.74, for a total value of $369,880.42. Following the transaction, the director now directly owns 69,223 shares in the company, valued at $881,901.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,406 shares of company stock valued at $988,782. 15.94% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FVCBankcorp

A number of institutional investors have recently modified their holdings of FVCB. JPMorgan Chase & Co. raised its position in shares of FVCBankcorp by 79,514.3% during the first quarter. JPMorgan Chase & Co. now owns 11,146 shares of the company's stock worth $231,000 after purchasing an additional 11,132 shares during the period. Citigroup Inc. acquired a new position in shares of FVCBankcorp during the first quarter worth approximately $112,000. Acadian Asset Management LLC acquired a new position in shares of FVCBankcorp during the first quarter worth approximately $127,000. BlackRock Inc. grew its holdings in FVCBankcorp by 1.0% during the first quarter. BlackRock Inc. now owns 90,638 shares of the company's stock worth $1,881,000 after buying an additional 857 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in FVCBankcorp by 12.5% during the first quarter. Dimensional Fund Advisors LP now owns 62,534 shares of the company's stock worth $1,298,000 after buying an additional 6,927 shares in the last quarter. 43.61% of the stock is owned by institutional investors and hedge funds.

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.

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