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First Choice Bancorp (FCBP) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

First Choice Bancorp (FCBP) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. First Choice Bancorp is engaged in providing loans to consumers and commercial clients to small businesses. It mainly offers Commercial and Industrial loans, residential mortgage loans and commercial real estate loans. First Choice Bancorp has a market cap of $260.560 million; its shares were traded at around $22.22 with a P/E ratio of 13.80 and P/S ratio of 3.65. The dividend yield of First Choice Bancorp stocks is 3.59%.


For the last quarter First Choice Bancorp reported a revenue of $20.6 million, compared with the revenue of $11.15 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $58.4 million, an increase of 46.6% from last year. For the last five years First Choice Bancorp had an average revenue growth rate of 27.4% a year.

The reported diluted earnings per share was $1.29 for the year, an increase of 26.5% from previous year. The profitability rank of the company is 3 (out of 10).

At the end of the fiscal year, First Choice Bancorp has the cash and cash equivalents of $194.4 million, compared with $103.1 million in the previous year. The long term debt was $8.45 million, compared with $20.4 million in the previous year. First Choice Bancorp has a financial strength rank of 4 (out of 10).

At the current stock price of $22.22, First Choice Bancorp is traded at 10.8% discount to its historical median P/S valuation band of $24.92. The P/S ratio of the stock is 3.65, while the historical median P/S ratio is 4.09. The stock lost 14.2% during the past 12 months.

For the complete 20-year historical financial data of FCBP, click here.

This article first appeared on GuruFocus.