First Choice Bancorp (NASDAQ:FCBP) Chairman Peter Hui purchased 11,086 shares of the business’s stock in a transaction dated Wednesday, December 30th. The shares were purchased at an average price of $18.14 per share, with a total value of $201,100.04.
FCBP opened at $18.49 on Friday. First Choice Bancorp has a 12 month low of $10.25 and a 12 month high of $27.39. The company has a market cap of $216.44 million, a PE ratio of 8.98 and a beta of 0.82. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average of $17.16 and a 200 day moving average of $15.34.
First Choice Bancorp (NASDAQ:FCBP) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.31. First Choice Bancorp had a return on equity of 9.27% and a net margin of 25.47%. The firm had revenue of $23.67 million during the quarter.
Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA increased its position in shares of First Choice Bancorp by 363.5% during the third quarter. BNP Paribas Arbitrage SA now owns 2,642 shares of the company’s stock valued at $35,000 after buying an additional 2,072 shares during the period. Bank of America Corp DE increased its holdings in First Choice Bancorp by 136.9% during the 2nd quarter. Bank of America Corp DE now owns 9,236 shares of the company’s stock worth $151,000 after acquiring an additional 5,337 shares during the period. Russell Investments Group Ltd. increased its holdings in First Choice Bancorp by 101.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 14,820 shares of the company’s stock worth $241,000 after acquiring an additional 7,474 shares during the period. Zebra Capital Management LLC purchased a new stake in First Choice Bancorp in the 3rd quarter worth approximately $202,000. Finally, California Public Employees Retirement System bought a new position in First Choice Bancorp in the 2nd quarter valued at $382,000. Institutional investors and hedge funds own 31.74% of the company’s stock.
About First Choice Bancorp
First Choice Bancorp operates as the bank holding company for First Choice Bank that provides retail, personal, and commercial banking products and services to individuals, families, and small and medium-sized businesses. It offers interest and noninterest-bearing demand deposit, money market and savings accounts, remote deposit products, and time certificates of deposit; and loan products, such as construction and land development, residential real estate, commercial real estate, commercial and industrial, small business administration, and consumer loans.
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