Wells Fargo & Company MN Has $123,000 Holdings in FVCBankcorp, Inc. (NASDAQ:FVCB)

Wells Fargo & Company MN lifted its holdings in FVCBankcorp, Inc. (NASDAQ:FVCB) by 29.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,783 shares of the company’s stock after buying an additional 2,250 shares during the quarter. Wells Fargo & Company MN’s holdings in FVCBankcorp were worth $123,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of FVCBankcorp by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 358,604 shares of the company’s stock valued at $4,508,000 after purchasing an additional 1,034 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of FVCBankcorp by 6.1% during the 4th quarter. Rhumbline Advisers now owns 24,601 shares of the company’s stock valued at $309,000 after purchasing an additional 1,415 shares in the last quarter. Evermay Wealth Management LLC raised its holdings in shares of FVCBankcorp by 23.1% during the fourth quarter. Evermay Wealth Management LLC now owns 13,074 shares of the company’s stock worth $164,000 after acquiring an additional 2,454 shares during the period. Empowered Funds LLC lifted its holdings in shares of FVCBankcorp by 5.1% in the fourth quarter. Empowered Funds LLC now owns 56,961 shares of the company’s stock valued at $716,000 after purchasing an additional 2,756 shares in the last quarter. Finally, Warner Financial Inc. boosted its position in FVCBankcorp by 26.7% during the 4th quarter. Warner Financial Inc. now owns 23,190 shares of the company’s stock worth $291,000 after acquiring an additional 4,882 shares during the last quarter. 43.61% of the stock is owned by institutional investors.

FVCBankcorp Stock Down 1.5 %

Shares of FVCB stock opened at $11.60 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.09. The firm’s fifty day moving average price is $10.53 and its two-hundred day moving average price is $11.94. The firm has a market capitalization of $213.51 million, a P/E ratio of 14.32 and a beta of 0.34. FVCBankcorp, Inc. has a 1 year low of $9.49 and a 1 year high of $14.50.

FVCBankcorp (NASDAQ:FVCB) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The firm had revenue of $15.72 million during the quarter, compared to analysts’ expectations of $16.09 million. FVCBankcorp had a net margin of 13.00% and a return on equity of 7.72%. On average, equities analysts predict that FVCBankcorp, Inc. will post 1.06 EPS for the current fiscal 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.