Potential First Choice Bancorp (NASDAQ:FCBP) shareholders may wish to note that the Independent Chairman of the Board, Peter Hui, recently bought US$201k worth of stock, paying US$18.14 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 1.4%.
View our latest analysis for First Choice Bancorp
The Last 12 Months Of Insider Transactions At First Choice Bancorp
In fact, the recent purchase by Peter Hui was the biggest purchase of First Choice Bancorp shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of US$18.49 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the First Choice Bancorp insiders decided to buy shares at close to current prices.
In the last twelve months insiders purchased 81.81k shares for US$1.4m. On the other hand they divested 19.89k shares, for US$288k. In total, First Choice Bancorp insiders bought more than they sold over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
First Choice Bancorp is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does First Choice Bancorp Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 13% of First Choice Bancorp shares, worth about US$28m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The First Choice Bancorp Insider Transactions Indicate?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of First Choice Bancorp we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing First Choice Bancorp. In terms of investment risks, we've identified 2 warning signs with First Choice Bancorp and understanding them should be part of your investment process.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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January 02, 2021 at 01:32PM
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Insider Buying: The First Choice Bancorp (NASDAQ:FCBP) Independent Chairman of the Board Just Bought 1.4% More Shares - Yahoo Finance
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