The Manufacturers Life Insurance Company Makes New $23.57 Million Investment in 1st Capital Bancorp $FISB

The Manufacturers Life Insurance Company bought a new stake in 1st Capital Bancorp (OTCMKTS:FISB) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 696,665 shares of the company’s stock, valued at approximately $23,568,000. The Manufacturers Life Insurance Company owned 0.12% of 1st Capital Bancorp as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sanctuary Advisors LLC acquired a new position in shares of 1st Capital Bancorp during the 2nd quarter worth $200,000. Northwestern Mutual Wealth Management Co. acquired a new stake in 1st Capital Bancorp in the 2nd quarter valued at about $78,000. EP Wealth Advisors LLC acquired a new stake in 1st Capital Bancorp in the 2nd quarter valued at about $348,000. Ieq Capital LLC purchased a new position in 1st Capital Bancorp during the 2nd quarter valued at about $726,000. Finally, OneAscent Financial Services LLC purchased a new position in 1st Capital Bancorp during the 2nd quarter valued at about $246,000. Hedge funds and other institutional investors own 8.13% of the company’s stock.

1st Capital Bancorp Stock Performance

Shares of FISB opened at $14.00 on Friday. The stock has a market cap of $78.47 million, a P/E ratio of 20.29 and a beta of 0.64. The company has a 50-day moving average of $14.00 and a two-hundred day moving average of $14.00. 1st Capital Bancorp has a 12-month low of $9.40 and a 12-month high of $14.00.

1st Capital Bancorp Company Profile

1st Capital Bancorp is a bank holding company based in the United States and the parent of 1st Capital Bank. The institution focuses on providing commercial and consumer banking services to small and medium-sized businesses, individuals and nonprofit organizations.

Its product portfolio encompasses deposit accounts such as checking, savings and money market accounts, alongside lending solutions that include residential mortgages, business loans, lines of credit and equipment financing.