FJ Capital Management Discloses 1.28M FVCB Shares in Amended 13G

TL;DR

**FJ Capital Management still owns over 1.28M shares of FVCB, signaling continued institutional interest.**

AI Summary

FJ Capital Management LLC, a Delaware-based investment firm, has filed an amended SC 13G/A on February 6, 2024, indicating its beneficial ownership of 1,283,807 shares of FVCBankcorp, Inc. (FVCB) common stock as of December 31, 2023. This filing, an amendment to a previous disclosure, shows that FJ Capital Management LLC, along with its group members like Financial Opportunity Fund LLC and Martin S. Friedman, holds shared voting and dispositive power over these shares. This matters to investors because it reveals a significant institutional holder's continued, substantial stake in FVCB, suggesting confidence in the company's future from a professional investment manager.

Why It Matters

This filing shows a major institutional investor, FJ Capital Management LLC, maintains a significant stake in FVCBankcorp, Inc., which can be seen as a vote of confidence in the company's prospects.

Risk Assessment

Risk Level: low — This filing is an amendment to a previous disclosure, indicating a stable or slightly adjusted position rather than a new, potentially disruptive investment.

Analyst Insight

Investors should note that a significant institutional holder maintains a substantial position in FVCB, which could be interpreted as a positive signal, but should conduct further due diligence on FVCB's financials and market position before making investment decisions.

Key Numbers

• 1,283,807 — Shares Beneficially Owned (The total number of FVCBankcorp, Inc. common stock shares FJ Capital Management LLC has shared voting and dispositive power over as of December 31, 2023.)
• 20240206 — Filing Date (The date the SC 13G/A amendment was filed with the SEC.)
• 20231231 — Date of Event (The date as of which the beneficial ownership information is reported.)

Key Players & Entities

• FJ Capital Management LLC (company) — reporting person and beneficial owner of FVCBankcorp, Inc. shares
• FVCBankcorp, Inc. (company) — the subject company whose common stock is being reported
• Financial Opportunity Fund LLC (company) — a group member associated with the reporting person
• Martin S. Friedman (person) — a group member associated with the reporting person
• Delaware (company) — state of organization for FJ Capital Management LLC

Forward-Looking Statements

• FJ Capital Management LLC will maintain a significant stake in FVCBankcorp, Inc. for the foreseeable future. (FJ Capital Management LLC) — medium confidence, target: 12/31/2024

FAQ

Filing Documents

• eps11128_fvcb.htm (SC 13G/A) — 87KB
• 0001171520-24-000068.txt ( ) — 88KB

(a)

Item 1(a). Name of Issuer: FVCBankcorp, Inc.

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: 11325 Random Hills Road, Suite 240 Fairfax, VA 22030

(a)

Item 2(a). Name of Person Filing: This Schedule 13G is being filed on behalf of the following Reporting Persons: Financial Opportunity Fund LLC FJ Capital Management LLC Martin Friedman

(b)

Item 2(b). Address of Principal Business Office or, if None, Residence: FJ Capital Management, LLC 7901 Jones Branch Drive, Suite 210 McLean, VA 22102 Financial Opportunity Fund LLC 7901 Jones Branch Drive, Suite 210 McLean, VA 22102 Martin Friedman 7901 Jones Branch Drive, Suite 210 McLean, VA 22102

(c)

Item 2(c). Citizenship: Financial Opportunity Fund LLC, and FJ Capital Management LLC – Delaware limited liability companies Martin Friedman – United States citizen

(d)

Item 2(d). Title of Class of Securities: Common Stock

(e)

Item 2(e). CUSIP Number: 36120Q 10 1 CUSIP No. 36120Q 10 1 Page 6 of 8 Item 3. If This Statement is Filed Pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), Check Whether the Person Filing is a: (a) Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with §240.13d-1(b)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) Group, in accordance with §240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: FJ Capital Management LLC – 1,283,807 shares Financial Opportunity Fund LLC – 1,283,807 shares Martin Friedman – 1,283,807 shares (b) Percent of class: FJ Capital Management LLC – 7.21% Financial Opportunity Fund LLC – 7.21% Martin Friedman – 7.21% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote All Reporting Persons - 0 CUSIP No. 36120Q 10 1 Page 7 of 8 (ii) Shared power to vote or to direct the vote FJ Capital Management LLC – 1,283,807 shares Financial Opportunity Fund LLC – 1,283,807 shares Ma

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View this SC 13G/A filing on SEC EDGAR