Context BH Capital Management LP lifted its position in shares of First Choice Bancorp (NASDAQ:FCBP) by 6.3% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 225,676 shares of the company’s stock after buying an additional 13,472 shares during the period. First Choice Bancorp accounts for approximately 1.2% of Context BH Capital Management LP’s portfolio, making the stock its 27th largest holding. Context BH Capital Management LP’s holdings in First Choice Bancorp were worth $4,852,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. New York State Common Retirement Fund lifted its stake in shares of First Choice Bancorp by 16.7% during the fourth quarter. New York State Common Retirement Fund now owns 7,700 shares of the company’s stock valued at $174,000 after buying an additional 1,100 shares during the period. BNP Paribas Arbitrage SA raised its stake in First Choice Bancorp by 450.1% during the first quarter. BNP Paribas Arbitrage SA now owns 1,909 shares of the company’s stock worth $41,000 after purchasing an additional 1,562 shares during the period. Bank of America Corp DE raised its stake in First Choice Bancorp by 49.2% during the fourth quarter. Bank of America Corp DE now owns 7,431 shares of the company’s stock worth $168,000 after purchasing an additional 2,449 shares during the period. Acadian Asset Management LLC purchased a new position in First Choice Bancorp during the fourth quarter worth approximately $57,000. Finally, Metropolitan Life Insurance Co. NY purchased a new position in First Choice Bancorp during the fourth quarter worth approximately $75,000. 28.04% of the stock is currently owned by institutional investors and hedge funds.
In other First Choice Bancorp news, Chairman Peter Hui bought 6,949 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average price of $21.70 per share, with a total value of $150,793.30. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders bought 8,921 shares of company stock worth $193,532.
NASDAQ:FCBP opened at $21.73 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 0.06. First Choice Bancorp has a fifty-two week low of $18.57 and a fifty-two week high of $33.50.
First Choice Bancorp (NASDAQ:FCBP) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.04. The company had revenue of $21.31 million for the quarter. First Choice Bancorp had a net margin of 24.65% and a return on equity of 10.59%.
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date was Wednesday, May 8th.
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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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