NasdaqCM:FCBP

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.

Risks

  • First Choice Bancorp is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has First Choice Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.4%

NasdaqCM:FCBP

2.4%

US Banks

2.9%

US Market


1 Year Return

-23.5%

NasdaqCM:FCBP

-14.8%

US Banks

0.2%

US Market

FCBP underperformed the Banks industry which returned -15.3% over the past year.

FCBP underperformed the Market in United States of America which returned -0.7% over the past year.


Share holder returns

FCBPIndustryMarket
7 Day0.4%2.4%2.9%
30 Day-6.4%-6.3%-2.3%
90 Day-2.4%-2.1%3.1%
1 Year-20.1%-23.5%-12.4%-14.8%2.4%0.2%
3 Year51.0%37.5%41.7%32.0%41.7%32.4%
5 Year81.3%65.1%52.2%35.7%55.1%37.9%

Price Volatility Vs. Market

How volatile is First Choice Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is First Choice Bancorp undervalued based on future cash flows and its price relative to the stock market?

10.38x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

First Choice Bancorp's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

First Choice Bancorp's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

First Choice Bancorp is good value based on earnings compared to the US Banks industry average.

First Choice Bancorp is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

First Choice Bancorp is poor value based on expected growth next year.


Price Based on Value of Assets

First Choice Bancorp is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is First Choice Bancorp expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

8.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

First Choice Bancorp's revenue is expected to grow by 6.6% yearly, however this is not considered high growth (20% yearly).

First Choice Bancorp's earnings are expected to grow by 8.5% yearly, however this is not considered high growth (20% yearly).

First Choice Bancorp's revenue growth is positive but not above the United States of America market average.

First Choice Bancorp's earnings growth is positive but not above the United States of America market average.

First Choice Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

First Choice Bancorp is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has First Choice Bancorp performed over the past 5 years?

32.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

First Choice Bancorp has delivered over 20% year on year earnings growth in the past 5 years.

First Choice Bancorp's 1-year earnings growth exceeds its 5-year average (165% vs 32%)

First Choice Bancorp's earnings growth has exceeded the US Banks industry average in the past year (165% vs 33.2%).


Return on Equity

First Choice Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

First Choice Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if First Choice Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is First Choice Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

First Choice Bancorp has an acceptable proportion of non-loan assets held.

First Choice Bancorp has a sufficient allowance for bad loans.

First Choice Bancorp's liabilities are made up of primarily low risk sources of funding.

First Choice Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at First Choice Bancorp are broadly funded by customer deposits.

First Choice Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is First Choice Bancorp's current dividend yield, its reliability and sustainability?

4.03%

Expected Dividend Yield


Dividend Yield and Payments Analysis

First Choice Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

First Choice Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.85%).

First Choice Bancorp has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but First Choice Bancorp only paid a dividend in the past 5 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.6x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).


Next Steps

Management

What is the CEO of First Choice Bancorp's salary, the management and board of directors tenure and is there insider trading?

2.7yrs

Average management tenure


CEO

Bob Franko (71yo)

1.9yrs

Tenure

US$693,900

Compensation

Mr. Robert M. Franko, also known as Bob, serves as President, Chief Executive Officer and Director of First Choice Bancorp since September 2017 and has served as President and Chief Executive Officer and a ...


CEO Compensation Analysis

Bob's remuneration is lower than average for companies of similar size in United States of America.

Bob's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.7yrs

Average Tenure

59.5yo

Average Age

The tenure for the First Choice Bancorp management team is about average.


Board Age and Tenure

1.9yrs

Average Tenure

66yo

Average Age

The average tenure for the First Choice Bancorp board of directors is less than 3 years, this suggests a new board.


Insider Trading

More shares have been bought than sold by First Choice Bancorp individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$16820 Aug 19
Phillip Thong
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board & Corporate Secretary
Shares8
Max PriceUS$21.00
BuyUS$80,18216 Aug 19
Phillip Thong
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board & Corporate Secretary
Shares3,776
Max PriceUS$21.23
BuyUS$153,15812 Aug 19
Phillip Thong
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board & Corporate Secretary
Shares7,210
Max PriceUS$21.25
BuyUS$145,70109 Aug 19
Phillip Thong
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board & Corporate Secretary
Shares6,868
Max PriceUS$21.25
BuyUS$2,78728 May 19
James Gray
EntityIndividual
Role
Member of the Board of Directors
Director
Shares128.44
Max PriceUS$21.70
BuyUS$19,84228 May 19
Phillip Thong
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board & Corporate Secretary
Shares915.29
Max PriceUS$21.70
BuyUS$34,11728 May 19
Pravin Pranav
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,574.9
Max PriceUS$21.66
BuyUS$150,77428 May 19
Peter Hui
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares6,948.59
Max PriceUS$21.70
BuyUS$22,36128 May 19
Roshan Bhakta
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,030.64
Max PriceUS$21.70
BuyUS$15,13128 May 19
Homer Wai Chan
EntityIndividual
Shares698.38
Max PriceUS$21.70
BuyUS$6,97228 May 19
Robert Franko
EntityIndividual
Role
Chief Executive Officer
President
Shares321.67
Max PriceUS$21.70
BuyUS$2,96228 May 19
Leonard May
EntityIndividual
Shares136.6
Max PriceUS$21.70
BuyUS$8,75028 May 19
Yolanda Su
EntityIndividual
Role
Chief Executive Officer
Executive VP & Chief Operations Administrator
Shares403.93
Max PriceUS$21.66
BuyUS$2,54128 May 19
Maria Salinas
EntityIndividual
Role
Member of the Board of Directors
Director
Shares117.29
Max PriceUS$21.66
BuyUS$7,17728 May 19
Luis Maizel
EntityIndividual
Shares331.16
Max PriceUS$21.70
BuyUS$19,48926 Feb 19
Phillip Thong
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board & Corporate Secretary
Shares889.03
Max PriceUS$21.95
BuyUS$33,65826 Feb 19
Pravin Pranav
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,536.91
Max PriceUS$21.90
BuyUS$14,88926 Feb 19
Homer Wai Chan
EntityIndividual
Shares679.75
Max PriceUS$21.95
BuyUS$2,76626 Feb 19
James Gray
EntityIndividual
Role
Member of the Board of Directors
Director
Shares126
Max PriceUS$21.95
BuyUS$2,51726 Feb 19
Maria Salinas
EntityIndividual
Role
Member of the Board of Directors
Director
Shares114.95
Max PriceUS$21.90
BuyUS$22,04526 Feb 19
Roshan Bhakta
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,004.44
Max PriceUS$21.95
BuyUS$6,89226 Feb 19
Robert Franko
EntityIndividual
Role
Chief Executive Officer
President
Shares314.47
Max PriceUS$21.95
BuyUS$5,42926 Feb 19
Thomas Iino
EntityIndividual
Role
Member of the Board of Directors
Director
Shares247.45
Max PriceUS$21.95
BuyUS$2,86926 Feb 19
Leonard May
EntityIndividual
Shares130.8
Max PriceUS$21.95
BuyUS$8,65226 Feb 19
Yolanda Su
EntityIndividual
Role
Chief Executive Officer
Executive VP & Chief Operations Administrator
Shares395.05
Max PriceUS$21.90
BuyUS$177,94926 Feb 19
Peter Hui
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares8,104.1
Max PriceUS$22.00
BuyUS$7,11326 Feb 19
Luis Maizel
EntityIndividual
Shares324.63
Max PriceUS$21.95
SellUS$19,44706 Feb 19
Thomas Iino
EntityIndividual
Role
Member of the Board of Directors
Director
Shares870
Max PriceUS$22.36
BuyUS$43,02017 Dec 18
Peter Hui
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares2,000
Max PriceUS$21.51
BuyUS$50,49712 Dec 18
Peter Hui
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares2,300
Max PriceUS$21.96
BuyUS$33,06430 Nov 18
Pravin Pranav
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,469.53
Max PriceUS$22.50
BuyUS$21,46230 Nov 18
Roshan Bhakta
EntityIndividual
Role
Member of the Board of Directors
Director
Shares936.81
Max PriceUS$22.93
BuyUS$2,54930 Nov 18
Leonard May
EntityIndividual
Shares111.77
Max PriceUS$22.93
BuyUS$147,70030 Nov 18
Peter Hui
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares6,545.19
Max PriceUS$22.93
BuyUS$14,48530 Nov 18
Homer Wai Chan
EntityIndividual
Shares642.79
Max PriceUS$22.93
BuyUS$6,17830 Nov 18
Robert Franko
EntityIndividual
Role
Chief Executive Officer
President
Shares272.81
Max PriceUS$22.93
BuyUS$2,73830 Nov 18
James Gray
EntityIndividual
Role
Member of the Board of Directors
Director
Shares119.43
Max PriceUS$22.93
BuyUS$36,77430 Nov 18
Max Freifeld
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,634.41
Max PriceUS$22.50
BuyUS$7,05030 Nov 18
Luis Maizel
EntityIndividual
Shares311.9
Max PriceUS$22.93
BuyUS$18,91730 Nov 18
Phillip Thong
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board & Corporate Secretary
Shares833.97
Max PriceUS$22.93
BuyUS$5,54930 Nov 18
Thomas Iino
EntityIndividual
Role
Member of the Board of Directors
Director
Shares242.99
Max PriceUS$22.93
BuyUS$8,22130 Nov 18
Yolanda Su
EntityIndividual
Role
Chief Executive Officer
Executive VP & Chief Operations Administrator
Shares365.37
Max PriceUS$22.50
BuyUS$44,31823 Nov 18
Peter Hui
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares2,000
Max PriceUS$22.27
BuyUS$8,23906 Nov 18
Phillip Thong
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board & Corporate Secretary
Shares367
Max PriceUS$22.45
BuyUS$165,33703 Oct 18
Peter Hui
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares6,135
Max PriceUS$26.95
BuyUS$14,38112 Sep 18
Homer Wai Chan
EntityIndividual
Shares519.07
Max PriceUS$27.77
BuyUS$32,82712 Sep 18
Pravin Pranav
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,185.1
Max PriceUS$27.70
BuyUS$2,71812 Sep 18
James Gray
EntityIndividual
Role
Member of the Board of Directors
Director
Shares97.89
Max PriceUS$27.77
BuyUS$40612 Sep 18
Thomas Iino
EntityIndividual
Role
Member of the Board of Directors
Director
Shares14.66
Max PriceUS$27.70
BuyUS$21,30912 Sep 18
Roshan Bhakta
EntityIndividual
Role
Member of the Board of Directors
Director
Shares767.44
Max PriceUS$27.77
BuyUS$8,16212 Sep 18
Yolanda Su
EntityIndividual
Role
Chief Executive Officer
Executive VP & Chief Operations Administrator
Shares294.66
Max PriceUS$27.70
BuyUS$2,53112 Sep 18
Leonard May
EntityIndividual
Shares91.19
Max PriceUS$27.77
BuyUS$26,39712 Sep 18
Ukabhai Solanki
EntityIndividual
Shares952.95
Max PriceUS$27.70
BuyUS$18,70912 Sep 18
Phillip Thong
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board & Corporate Secretary
Shares674.68
Max PriceUS$27.77
BuyUS$6,13312 Sep 18
Robert Franko
EntityIndividual
Role
Chief Executive Officer
President
Shares221.23
Max PriceUS$27.77
BuyUS$141,41612 Sep 18
Peter Hui
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares5,103.68
Max PriceUS$27.77
BuyUS$171,93131 Aug 18
Peter Hui
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares6,316
Max PriceUS$27.24

Ownership Breakdown


Management Team

  • Lynn Hopkins (51yo)

    Executive VP & CFO

    • Tenure: 0.9yrs
    • Compensation: US$594.76k
  • Bob Franko (71yo)

    President

    • Tenure: 1.9yrs
    • Compensation: US$693.90k
  • Peter Hui (66yo)

    Chairman of the Board

    • Tenure: 1.9yrs
    • Compensation: US$53.75k
  • Gene May (67yo)

    Chief Credit Officer & Executive VP

    • Tenure: 7.8yrs
    • Compensation: US$382.15k
  • Yolanda Su (56yo)

    Executive VP & Chief Operations Administrator

    • Tenure: 14.0yrs
    • Compensation: US$305.21k
  • Phillip Thong (63yo)

    Vice Chairman of the Board & Corporate Secretary

    • Tenure: 1.9yrs
    • Compensation: US$46.25k
  • Yvonne Chen (54yo)

    Executive Vice President of Finance

    • Tenure: 0.0yrs
    • Compensation: US$422.82k
  • Nicole Swain

    Chief Banking Officer

    • Tenure: 3.5yrs
  • Lorraine Lee

    Chief Strategy Officer

    • Tenure: 1.6yrs
  • Khoi Dang (45yo)

    Executive VP & General Counsel

    • Tenure: 0.4yrs

Board Members

  • Bob Franko (71yo)

    President

    • Tenure: 1.9yrs
    • Compensation: US$693.90k
  • Fred Jensen (81yo)

    Director

    • Tenure: 1.9yrs
    • Compensation: US$40.25k
  • Tom Iino (76yo)

    Director

    • Tenure: 1.0yrs
    • Compensation: US$12.25k
  • Maria Salinas (53yo)

    Director

    • Tenure: 1.1yrs
    • Compensation: US$6.00k
  • Jim Gray (81yo)

    Director

    • Tenure: 1.9yrs
    • Compensation: US$44.13k
  • Peter Hui (66yo)

    Chairman of the Board

    • Tenure: 1.9yrs
    • Compensation: US$53.75k
  • Max Freifeld (55yo)

    Director

    • Tenure: 1.0yrs
    • Compensation: US$13.75k
  • Phillip Thong (63yo)

    Vice Chairman of the Board & Corporate Secretary

    • Tenure: 1.9yrs
    • Compensation: US$46.25k
  • Roshan Bhakta (47yo)

    Director

    • Tenure: 1.9yrs
    • Compensation: US$38.00k
  • Pravin Pranav (66yo)

    Director

    • Tenure: 1.9yrs
    • Compensation: US$37.75k

Company Information

First Choice Bancorp's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: First Choice Bancorp
  • Ticker: FCBP
  • Exchange: NasdaqCM
  • Founded: 2005
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$248.519m
  • Shares outstanding: 11.74m
  • Website: https://www.firstchoicebankca.com

Number of Employees


Location

  • First Choice Bancorp
  • 17785 Center Court Drive North
  • Suite 750
  • Cerritos
  • California
  • 90703
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FCBPNasdaqCM (Nasdaq Capital Market)YesNew Common StockUSUSDMar 2014

Biography

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-s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 01:22
End of Day Share Price2019/08/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.