Peter Hui Buys 2,000 Shares of First Choice Bancorp (FCBP) Stock

First Choice Bancorp (NASDAQ:FCBP) Chairman Peter Hui acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, November 21st. The shares were acquired at an average price of $22.16 per share, with a total value of $44,320.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Peter Hui also recently made the following trade(s):

  • On Monday, October 8th, Peter Hui acquired 13,411 shares of First Choice Bancorp stock. The shares were acquired at an average price of $26.94 per share, with a total value of $361,292.34.
  • On Wednesday, October 3rd, Peter Hui acquired 6,589 shares of First Choice Bancorp stock. The shares were acquired at an average price of $26.95 per share, with a total value of $177,573.55.
  • On Monday, September 10th, Peter Hui acquired 5,104 shares of First Choice Bancorp stock. The shares were acquired at an average price of $27.71 per share, with a total value of $141,431.84.
  • On Friday, August 31st, Peter Hui acquired 6,316 shares of First Choice Bancorp stock. The shares were acquired at an average price of $27.22 per share, with a total value of $171,921.52.

Shares of First Choice Bancorp stock opened at $22.30 on Monday. The company has a current ratio of 1.08, a quick ratio of 1.06 and a debt-to-equity ratio of 0.05. First Choice Bancorp has a 52-week low of $20.81 and a 52-week high of $33.50.

First Choice Bancorp (NASDAQ:FCBP) last announced its quarterly earnings results on Tuesday, October 30th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.07. The business had revenue of $16.50 million during the quarter. First Choice Bancorp had a return on equity of 8.55% and a net margin of 16.54%.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 26th. Stockholders of record on Tuesday, November 13th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, November 9th. This represents a $0.80 annualized dividend and a dividend yield of 3.59%.

Several institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN raised its stake in shares of First Choice Bancorp by 671.9% in the 3rd quarter. Wells Fargo & Company MN now owns 5,558 shares of the company’s stock valued at $151,000 after acquiring an additional 4,838 shares in the last quarter. Salzhauer Michael bought a new position in shares of First Choice Bancorp in the 2nd quarter valued at approximately $302,000. Schwab Charles Investment Management Inc. bought a new position in shares of First Choice Bancorp in the 2nd quarter valued at approximately $406,000. Dimensional Fund Advisors LP bought a new position in shares of First Choice Bancorp in the 3rd quarter valued at approximately $410,000. Finally, Northern Trust Corp bought a new position in shares of First Choice Bancorp in the 2nd quarter valued at approximately $446,000. Institutional investors and hedge funds own 21.92% of the company’s stock.

Separately, Hovde Group started coverage on First Choice Bancorp in a report on Friday, August 10th. They set an “outperform” rating and a $31.00 price target for the company.

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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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