First Choice Bancorp (NASDAQ:FCBP) Vice Chairman Phillip Thong Acquires 3,776 Shares

First Choice Bancorp (NASDAQ:FCBP) Vice Chairman Phillip Thong purchased 3,776 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were acquired at an average cost of $21.23 per share, for a total transaction of $80,164.48. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Phillip Thong also recently made the following trade(s):

  • On Monday, August 12th, Phillip Thong purchased 7,210 shares of First Choice Bancorp stock. The shares were acquired at an average cost of $21.24 per share, for a total transaction of $153,140.40.
  • On Friday, August 9th, Phillip Thong purchased 6,868 shares of First Choice Bancorp stock. The shares were acquired at an average cost of $21.21 per share, for a total transaction of $145,670.28.
  • On Thursday, May 23rd, Phillip Thong purchased 915 shares of First Choice Bancorp stock. The shares were acquired at an average cost of $21.68 per share, for a total transaction of $19,837.20.

NASDAQ:FCBP traded up $0.83 on Friday, hitting $21.91. 8,500 shares of the company’s stock were exchanged, compared to its average volume of 16,310. The firm has a 50-day moving average price of $22.24 and a 200-day moving average price of $21.85. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.05. First Choice Bancorp has a 52 week low of $18.57 and a 52 week high of $28.30.

First Choice Bancorp (NASDAQ:FCBP) last issued its earnings results on Tuesday, July 23rd. The company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. The company had revenue of $21.16 million for the quarter. First Choice Bancorp had a net margin of 25.42% and a return on equity of 10.40%.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.65%.

Separately, ValuEngine cut shares of First Choice Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, June 13th.

Several hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in shares of First Choice Bancorp by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 51,808 shares of the company’s stock valued at $1,178,000 after purchasing an additional 694 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of First Choice Bancorp by 450.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,909 shares of the company’s stock valued at $41,000 after purchasing an additional 1,562 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of First Choice Bancorp by 10.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 23,298 shares of the company’s stock valued at $530,000 after purchasing an additional 2,168 shares during the period. Context BH Capital Management LP raised its holdings in shares of First Choice Bancorp by 1.1% in the 2nd quarter. Context BH Capital Management LP now owns 228,079 shares of the company’s stock valued at $5,187,000 after purchasing an additional 2,403 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of First Choice Bancorp by 49.2% in the 4th quarter. Bank of America Corp DE now owns 7,431 shares of the company’s stock valued at $168,000 after purchasing an additional 2,449 shares during the period. 28.04% of the stock is currently owned by institutional investors.

First Choice Bancorp Company Profile

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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Insider Buying and Selling by Quarter for First Choice Bancorp (NASDAQ:FCBP)

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