Victory Capital Management Inc. Sells 3,763 Shares of FVCBankcorp, Inc. (NASDAQ:FVCB)

Victory Capital Management Inc. reduced its stake in FVCBankcorp, Inc. (NASDAQ:FVCB) by 10.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 33,200 shares of the company’s stock after selling 3,763 shares during the quarter. Victory Capital Management Inc.’s holdings in FVCBankcorp were worth $664,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of FVCB. EJF Capital LLC bought a new stake in FVCBankcorp in the 2nd quarter valued at $4,846,000. Millennium Management LLC bought a new stake in FVCBankcorp in the 2nd quarter valued at $1,323,000. Ergoteles LLC bought a new stake in FVCBankcorp in the 2nd quarter valued at $867,000. Renaissance Technologies LLC increased its stake in FVCBankcorp by 181.6% in the 2nd quarter. Renaissance Technologies LLC now owns 72,600 shares of the company’s stock valued at $1,253,000 after buying an additional 46,820 shares during the last quarter. Finally, Tibra Equities Europe Ltd acquired a new stake in FVCBankcorp in the 2nd quarter valued at $249,000. 28.82% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have issued reports on FVCB. Zacks Investment Research lowered shares of FVCBankcorp from a “buy” rating to a “hold” rating in a research note on Wednesday, January 5th. Raymond James lifted their price target on shares of FVCBankcorp from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, November 12th.

Shares of FVCB stock opened at $20.44 on Friday. The firm has a market capitalization of $279.59 million, a P/E ratio of 14.39 and a beta of 0.37. The firm’s fifty day moving average price is $20.14 and its two-hundred day moving average price is $19.73. FVCBankcorp, Inc. has a 1 year low of $13.65 and a 1 year high of $21.49. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.22.

FVCBankcorp (NASDAQ:FVCB) last released its quarterly earnings data on Thursday, November 4th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. The company had revenue of $15.54 million for the quarter, compared to analyst estimates of $14.93 million. FVCBankcorp had a net margin of 28.64% and a return on equity of 10.94%. As a group, equities research analysts forecast that FVCBankcorp, Inc. will post 1.33 EPS for the current fiscal year.

About FVCBankcorp

FVCBankcorp, Inc operates as a bank holding company, which engages in the provision of commercial banking services. The firm also also offer online banking, mobile banking, and a remote deposit service. It serves small and medium-sized businesses, professionals, non-profit organizations and associations, and investors living and working in and near its service area.

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Institutional Ownership by Quarter for FVCBankcorp (NASDAQ:FVCB)

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