Phillip R. Wills III Sells 3,400 Shares of FVCBankcorp, Inc. (NASDAQ:FVCB) Stock

FVCBankcorp, Inc. (NASDAQ:FVCB) Director Phillip R. Wills III sold 3,400 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $12.00, for a total value of $40,800.00. Following the transaction, the director now directly owns 129,033 shares of the company’s stock, valued at $1,548,396. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

FVCBankcorp Stock Down 3.1 %

NASDAQ:FVCB traded down $0.37 on Monday, hitting $11.68. 22,183 shares of the company’s stock were exchanged, compared to its average volume of 43,351. The firm has a 50-day moving average price of $12.15 and a 200-day moving average price of $11.10. FVCBankcorp, Inc. has a 52 week low of $8.30 and a 52 week high of $16.74. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $207.90 million, a P/E ratio of 13.67 and a beta of 0.27.

FVCBankcorp (NASDAQ:FVCB) last released its earnings results on Tuesday, July 25th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $15.28 million during the quarter, compared to analysts’ expectations of $15.01 million. FVCBankcorp had a net margin of 17.91% and a return on equity of 10.35%. As a group, analysts expect that FVCBankcorp, Inc. will post 0.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upped their price target on FVCBankcorp from $11.00 to $14.00 and gave the stock an “overweight” rating in a research report on Thursday, August 3rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FVCB. Lafayette Investments Inc. acquired a new position in FVCBankcorp in the 1st quarter valued at about $130,000. Grant GrossMendelsohn LLC bought a new position in shares of FVCBankcorp during the first quarter worth approximately $129,000. Martingale Asset Management L P acquired a new stake in FVCBankcorp during the 1st quarter worth approximately $113,000. EA Series Trust bought a new stake in FVCBankcorp in the 2nd quarter valued at $400,000. Finally, Empower Advisory Group LLC acquired a new position in FVCBankcorp in the 1st quarter valued at $245,000. 41.68% of the stock is currently owned by 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.