Bridgewater Advisors Inc. Decreases Position in Fvcbankcorp, Inc. (NASDAQ:FVCB)

Bridgewater Advisors Inc. lessened its holdings in Fvcbankcorp, Inc. (NASDAQ:FVCB) by 50.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 83,043 shares of the company’s stock after selling 84,382 shares during the quarter. Bridgewater Advisors Inc.’s holdings in Fvcbankcorp were worth $953,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of Fvcbankcorp by 18.9% in the fourth quarter. Bank of New York Mellon Corp now owns 48,784 shares of the company’s stock valued at $613,000 after acquiring an additional 7,743 shares during the period. JPMorgan Chase & Co. increased its position in shares of Fvcbankcorp by 128.8% in the fourth quarter. JPMorgan Chase & Co. now owns 56,347 shares of the company’s stock valued at $708,000 after acquiring an additional 31,719 shares during the period. Geode Capital Management LLC increased its position in shares of Fvcbankcorp by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 358,604 shares of the company’s stock valued at $4,508,000 after acquiring an additional 1,034 shares during the period. Wells Fargo & Company MN increased its position in shares of Fvcbankcorp by 29.9% in the fourth quarter. Wells Fargo & Company MN now owns 9,783 shares of the company’s stock valued at $123,000 after acquiring an additional 2,250 shares during the period. Finally, Barclays PLC increased its position in shares of Fvcbankcorp by 16.5% in the fourth quarter. Barclays PLC now owns 25,071 shares of the company’s stock valued at $315,000 after acquiring an additional 3,542 shares during the period. Hedge funds and other institutional investors own 43.61% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler upgraded shares of Fvcbankcorp to an “overweight” rating and set a $16.00 price objective on the stock in a research report on Wednesday, July 9th.

Fvcbankcorp Trading Up 2.3%

Shares of FVCB opened at $13.50 on Tuesday. The firm’s 50-day moving average price is $11.87 and its 200-day moving average price is $11.44. The firm has a market capitalization of $242.87 million, a price-to-earnings ratio of 13.24 and a beta of 0.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.08. Fvcbankcorp, Inc. has a 1-year low of $9.49 and a 1-year high of $14.50.

Fvcbankcorp (NASDAQ:FVCB) last announced its earnings results on Tuesday, April 22nd. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The firm had revenue of $15.72 million for the quarter, compared to analyst estimates of $16.09 million. Fvcbankcorp had a net margin of 16.03% and a return on equity of 8.18%. Sell-side analysts anticipate that Fvcbankcorp, Inc. will post 1.06 EPS for the current year.

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.