Roshan Bhakta Buys 1,691 Shares of First Choice Bancorp (NASDAQ:FCBP) Stock


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First Choice Bancorp (NASDAQ:FCBP) Director Roshan Bhakta acquired 1,691 shares of the stock in a transaction that occurred on Wednesday, December 30th. The stock was acquired at an average price of $18.15 per share, for a total transaction of $30,691.65.

Shares of FCBP stock opened at $18.49 on Friday. The stock has a market capitalization of $216.44 million, a PE ratio of 8.98 and a beta of 0.82. First Choice Bancorp has a 1-year low of $10.25 and a 1-year high of $27.39. The business has a 50-day moving average of $17.16 and a 200 day moving average of $15.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19.

First Choice Bancorp (NASDAQ:FCBP) last issued its earnings results on Tuesday, October 20th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.31. The company had revenue of $23.67 million during the quarter. First Choice Bancorp had a return on equity of 9.27% and a net margin of 25.47%.

Separately, ValuEngine upgraded First Choice Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, November 10th.

Several hedge funds and other institutional investors have recently bought and sold shares of FCBP. Russell Investments Group Ltd. grew its stake in shares of First Choice Bancorp by 101.7% in the second quarter. Russell Investments Group Ltd. now owns 14,820 shares of the company’s stock worth $241,000 after purchasing an additional 7,474 shares during the last quarter. California Public Employees Retirement System bought a new stake in First Choice Bancorp during the 2nd quarter valued at approximately $382,000. Bank of America Corp DE boosted its position 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 valued at $151,000 after acquiring an additional 5,337 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in First Choice Bancorp by 363.5% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,642 shares of the company’s stock valued at $35,000 after acquiring an additional 2,072 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in First Choice Bancorp by 7.8% during the 3rd quarter. Wells Fargo & Company MN now owns 30,259 shares of the company’s stock valued at $402,000 after acquiring an additional 2,197 shares in the last quarter. 31.74% of the stock is currently owned by institutional investors.

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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