First Choice Bancorp
Market Cap
US$290.9m
Last Updated
2021/04/10 23:33 UTC
Data Sources
Company Financials +
Executive Summary
First Choice Bancorp operates as the bank holding company for First Choice Bank that provides a range of retail and commercial banking products and services to individuals, families, and small and medium-sized businesses. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet average dividend payer.
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
Stable Share Price: FCBP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: FCBP's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
1.5%
FCBP
0.4%
US Banks
1.6%
US Market
1 Year Return
59.7%
FCBP
55.6%
US Banks
55.3%
US Market
Return vs Industry: FCBP exceeded the US Banks industry which returned 55.6% over the past year.
Return vs Market: FCBP exceeded the US Market which returned 55.3% over the past year.
Shareholder returns
| FCBP | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.5% | 0.4% | 1.6% |
| 30 Day | 3.4% | 2.7% | 4.1% |
| 90 Day | 27.8% | 16.5% | 5.5% |
| 1 Year | 69.5%59.7% | 60.7%55.6% | 58.1%55.3% |
| 3 Year | 4.7%-8.2% | 23.4%12.8% | 63.8%53.3% |
| 5 Year | 104.4%71.7% | 102.7%77.1% | 120.2%95.7% |
Long-Term 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
2 weeks ago | Simply Wall St
Should You Be Adding First Choice Bancorp (NASDAQ:FCBP) To Your Watchlist Today?1 month ago | Simply Wall St
Did You Participate In Any Of First Choice Bancorp's (NASDAQ:FCBP) Respectable 90% Return?1 month ago | Simply Wall St
Is It Smart To Buy First Choice Bancorp (NASDAQ:FCBP) Before It Goes Ex-Dividend?Valuation
Is First Choice Bancorp undervalued compared to its fair value and its price relative to the market?
9.94x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FCBP ($24.61) is trading above our estimate of fair value ($22.48)
Significantly Below Fair Value: FCBP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FCBP is good value based on its PE Ratio (9.9x) compared to the US Banks industry average (13.2x).
PE vs Market: FCBP is good value based on its PE Ratio (9.9x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: FCBP is poor value based on its PEG Ratio (3.4x)
Price to Book Ratio
PB vs Industry: FCBP's PB Ratio (1x) is in line with the US Banks industry average.
Future Growth
How is First Choice Bancorp forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
3.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FCBP's forecast earnings growth (3% per year) is above the savings rate (2%).
Earnings vs Market: FCBP's earnings (3% per year) are forecast to grow slower than the US market (18.7% per year).
High Growth Earnings: FCBP's earnings are forecast to grow, but not significantly.
Revenue vs Market: FCBP's revenue (7.5% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: FCBP's revenue (7.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FCBP's Return on Equity is forecast to be low in 3 years time (9.9%).
Past Performance
How has First Choice Bancorp performed over the past 5 years?
34.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FCBP has high quality earnings.
Growing Profit Margin: FCBP's current net profit margins (32.8%) are lower than last year (33.1%).
Past Earnings Growth Analysis
Earnings Trend: FCBP's earnings have grown significantly by 34.3% per year over the past 5 years.
Accelerating Growth: FCBP's earnings growth over the past year (4%) is below its 5-year average (34.3% per year).
Earnings vs Industry: FCBP earnings growth over the past year (4%) exceeded the Banks industry 0.5%.
Return on Equity
High ROE: FCBP's Return on Equity (10.3%) is considered low.
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
Financial Institutions Analysis
Asset Level: FCBP's Assets to Equity ratio (8.1x) is low.
Allowance for Bad Loans: FCBP has a sufficient allowance for bad loans (297%).
Low Risk Liabilities: 82% of FCBP's liabilities are made up of primarily low risk sources of funding.
Loan Level: FCBP has an appropriate level of Loans to Assets ratio (82%).
Low Risk Deposits: FCBP's Loans to Deposits ratio (114%) is appropriate.
Level of Bad Loans: FCBP has an appropriate level of bad loans (0.3%).
Dividend
What is First Choice Bancorp current dividend yield, its reliability and sustainability?
4.06%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FCBP's dividend (4.06%) is higher than the bottom 25% of dividend payers in the US market (1.27%).
High Dividend: FCBP's dividend (4.06%) is in the top 25% of dividend payers in the US market (3.5%)
Stability and Growth of Payments
Stable Dividend: FCBP has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: FCBP's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (40.4%), FCBP's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FCBP's dividends in 3 years are forecast to be well covered by earnings (38.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.5yrs
Average management tenure
CEO
Bob Franko (72 yo)
3.58yrs
Tenure
US$977,393
Compensation
Mr. Robert M. Franko, also known as Bob, serves as President, Chief Executive Officer and Director of First Choice Bancorp since September 2017 and has served as President and Chief Executive Officer and a...
CEO Compensation Analysis
Compensation vs Market: Bob's total compensation ($USD977.39K) is about average for companies of similar size in the US market ($USD952.10K).
Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: FCBP's management team is considered experienced (4.5 years average tenure).
Board Members
Experienced Board: FCBP's board of directors are considered experienced (3.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FCBP insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$290.939m
- Shares outstanding: 11.82m
- 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
Biography
First Choice Bancorp operates as the bank holding company for First Choice Bank that provides a range of retail and commercial banking products and services to individuals, families, and small and medium-s...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/10 23:33 |
| End of Day Share Price | 2021/04/09 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.