Insider Selling: FVCBankcorp, Inc. (NASDAQ:FVCB) Director Sells $17,655.00 in Stock

FVCBankcorp, Inc. (NASDAQ:FVCB) Director Daniel M. Testa sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $11.77, for a total value of $17,655.00. Following the completion of the transaction, the director now owns 161,525 shares of the company’s stock, valued at $1,901,149.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FVCBankcorp Price Performance

Shares of NASDAQ FVCB opened at $11.36 on Friday. FVCBankcorp, Inc. has a 52 week low of $9.78 and a 52 week high of $15.39. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.09. The firm has a market cap of $204.31 million, a P/E ratio of 47.33 and a beta of 0.22. The business’s 50 day moving average price is $11.48 and its 200 day moving average price is $11.40.

FVCBankcorp (NASDAQ:FVCB) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. FVCBankcorp had a net margin of 4.44% and a return on equity of 7.16%. The business had revenue of $28.84 million for the quarter, compared to the consensus estimate of $14.08 million. On average, sell-side analysts expect that FVCBankcorp, Inc. will post 0.92 earnings per share for the current year.

Institutional Investors Weigh In On FVCBankcorp

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of FVCBankcorp by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 812,588 shares of the company’s stock valued at $9,897,000 after buying an additional 11,977 shares during the period. Dimensional Fund Advisors LP raised its position in FVCBankcorp by 7.9% during the second quarter. Dimensional Fund Advisors LP now owns 218,271 shares of the company’s stock valued at $2,383,000 after acquiring an additional 16,073 shares in the last quarter. Evermay Wealth Management LLC lifted its holdings in FVCBankcorp by 437.3% in the second quarter. Evermay Wealth Management LLC now owns 95,914 shares of the company’s stock valued at $1,047,000 after acquiring an additional 78,064 shares during the period. Bank of New York Mellon Corp boosted its position in FVCBankcorp by 17.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 52,884 shares of the company’s stock worth $577,000 after purchasing an additional 7,709 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of FVCBankcorp by 7.9% during the 1st quarter. Empowered Funds LLC now owns 47,925 shares of the company’s stock worth $584,000 after purchasing an additional 3,500 shares during the period. 43.61% of the stock is owned by hedge funds and other institutional investors.

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.