First Choice Bancorp (FCBP) to Issue Quarterly Dividend of $0.20 on November 26th
First Choice Bancorp (NASDAQ:FCBP) announced a quarterly dividend on Monday, October 29th, NASDAQ reports. Investors of record on Tuesday, November 13th will be given a dividend of 0.20 per share on Monday, November 26th. This represents a $0.80 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Friday, November 9th.
NASDAQ:FCBP opened at $23.75 on Thursday. First Choice Bancorp has a 52-week low of $20.81 and a 52-week high of $33.50. 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 (NASDAQ:FCBP) last released its quarterly earnings data on Tuesday, October 30th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.07. The business had revenue of $16.50 million during the quarter.
In related news, Director Thomas Iino sold 15,000 shares of the stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $27.41, for a total transaction of $411,150.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Peter Hui purchased 13,411 shares of the company’s stock in a transaction that occurred on Monday, October 8th. The shares were purchased at an average cost of $26.94 per share, with a total value of $361,292.34. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 33,959 shares of company stock valued at $920,652.
A hedge fund recently bought a new stake in First Choice Bancorp stock. Bank of New York Mellon Corp purchased a new stake in shares of First Choice Bancorp (NASDAQ:FCBP) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,883 shares of the company’s stock, valued at approximately $608,000. Bank of New York Mellon Corp owned about 0.17% of First Choice Bancorp at the end of the most recent quarter. 17.40% of the stock is currently owned by hedge funds and other institutional investors.
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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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