Insider Buying: First Choice Bancorp (FCBP) Director Purchases 1,185 Shares of Stock
First Choice Bancorp (NASDAQ:FCBP) Director Pravin Pranav purchased 1,185 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was bought at an average price of $27.70 per share, with a total value of $32,824.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of FCBP traded up $0.09 during trading hours on Wednesday, reaching $28.23. The company had a trading volume of 4,895 shares, compared to its average volume of 18,897. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.59. First Choice Bancorp has a 12-month low of $24.00 and a 12-month high of $33.50.
First Choice Bancorp (NASDAQ:FCBP) last announced its quarterly earnings results on Wednesday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter. The company had revenue of $11.60 million during the quarter.
Several institutional investors and hedge funds have recently made changes to their positions in FCBP. Salzhauer Michael purchased a new position in First Choice Bancorp during the 2nd quarter valued at about $302,000. Schwab Charles Investment Management Inc. purchased a new position in First Choice Bancorp during the 2nd quarter valued at about $406,000. Bank of New York Mellon Corp purchased a new position in First Choice Bancorp during the 2nd quarter valued at about $608,000. JBF Capital Inc. purchased a new position in First Choice Bancorp during the 2nd quarter valued at about $2,702,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in First Choice Bancorp during the 2nd quarter valued at about $8,740,000. Institutional investors and hedge funds own 17.14% of the company’s stock.
Separately, Hovde Group initiated coverage on shares of First Choice Bancorp in a report on Friday, August 10th. They issued an “outperform” rating and a $31.00 price target for the company.
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, and small business administration (SBA) and consumer loans, as well as startup funds to entrepreneurs.
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