FAIRFAX, VA—David W. Pijor, Chairman and Chief Executive Officer of FVCBankcorp, Inc. (NASDAQ:FVCB), recently sold shares of the company's common stock, according to a regulatory filing. On November 21 and 22, Pijor sold a total of 3,000 shares, generating approximately $40,880. The transaction prices ranged from $13.50 to $13.69 per share. Following these transactions, Pijor holds 463,566 shares directly.
In other recent news, FVCBankcorp, a commercial bank based in Virginia, has announced the upcoming retirement of B. Todd Dempsey, the company's Executive Vice President and Chief Operating Officer (COO). Dempsey, who oversees the bank's support functions, has indicated his decision to step down effective November 1, 2024.
David W. Pijor, Chairman and Chief Executive Officer of FVCBankcorp, acknowledged Dempsey's significant contributions to the bank. Dempsey's tenure at FVCBankcorp spanned various roles, including Chief Credit Officer, before serving as COO for the last 12 years.
These recent developments underline the ongoing changes within the company's management structure. As the bank moves forward, it will be interesting to observe the impact of this transition on the company's operations.
InvestingPro Insights
Recent data from InvestingPro sheds additional light on FVCBankcorp's financial position and market performance. The company's market capitalization stands at $251.22 million, with a price-to-earnings ratio of 48.63, indicating that investors are willing to pay a premium for the stock relative to its earnings.
FVCBankcorp has shown strong momentum recently, with InvestingPro data revealing a 22.3% price return over the past three months. This aligns with an InvestingPro Tip highlighting the company's "strong return over the last three months." Despite this positive trend, it's worth noting that the stock is trading at 89.6% of its 52-week high, suggesting there may still be room for growth.
Investors should be aware that while FVCBankcorp has been profitable over the last twelve months, it faces some challenges. An InvestingPro Tip points out that the company "suffers from weak gross profit margins," which could impact its financial performance going forward. Additionally, the company does not pay a dividend to shareholders, which may be a consideration for income-focused investors.
For those seeking a more comprehensive analysis, InvestingPro offers 7 additional tips for FVCBankcorp, providing deeper insights into the company's financial health and market position.
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