JPMorgan Chase & Co. Boosts Holdings in FVCBankcorp, Inc. (NASDAQ:FVCB)

JPMorgan Chase & Co. raised its holdings in shares of FVCBankcorp, Inc. (NASDAQ:FVCB) by 128.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,347 shares of the company’s stock after buying an additional 31,719 shares during the quarter. JPMorgan Chase & Co.’s holdings in FVCBankcorp were worth $708,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hughes Financial Services LLC acquired a new position in FVCBankcorp in the 4th quarter valued at about $132,000. Evermay Wealth Management LLC raised its stake in shares of FVCBankcorp by 23.1% in the fourth quarter. Evermay Wealth Management LLC now owns 13,074 shares of the company’s stock valued at $164,000 after acquiring an additional 2,454 shares in the last quarter. Barclays PLC increased its stake in shares of FVCBankcorp by 286.4% during the third quarter. Barclays PLC now owns 21,529 shares of the company’s stock worth $281,000 after buying an additional 15,957 shares during the period. Warner Financial Inc. grew its stake in shares of FVCBankcorp by 26.7% during the fourth quarter. Warner Financial Inc. now owns 23,190 shares of the company’s stock worth $291,000 after purchasing an additional 4,882 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in FVCBankcorp by 6.1% during the fourth quarter. Rhumbline Advisers now owns 24,601 shares of the company’s stock worth $309,000 after purchasing an additional 1,415 shares during the last quarter. 43.61% of the stock is currently owned by institutional investors and hedge funds.

FVCBankcorp Price Performance

Shares of NASDAQ:FVCB opened at $11.47 on Wednesday. The firm has a market capitalization of $211.12 million, a P/E ratio of 14.16 and a beta of 0.21. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.00 and a quick ratio of 1.00. FVCBankcorp, Inc. has a 12 month low of $9.49 and a 12 month high of $14.50. The company’s fifty day moving average price is $10.47 and its 200 day moving average price is $12.03.

FVCBankcorp (NASDAQ:FVCB) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. FVCBankcorp had a return on equity of 7.72% and a net margin of 13.00%. The firm had revenue of $15.72 million for the quarter, compared to analysts’ expectations of $16.09 million. As a group, sell-side analysts predict that FVCBankcorp, Inc. will post 1.06 earnings per share 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.