1st Colonial Bancorp (OTCMKTS:FCOB) Shares Down 1.3% - Here's Why

Key Points

• 1st Colonial Bancorp shares fell by 1.3% to $16.93, with trading volume down by 52% from the average, indicating reduced investor interest.
• The company's quarterly earnings reported a profit of $0.46 EPS and revenue of $8.32 million, showcasing a net margin of 17.58%.
• An institutional investor, FNY Investment Advisers LLC, recently acquired shares valued at approximately $90,000, reflecting ongoing interest from hedge funds.

1st Colonial Bancorp Inc. (OTCMKTS:FCOB - Get Free Report) shares were down 1.3% during trading on Wednesday . The company traded as low as $16.93 and last traded at $16.93. Approximately 500 shares traded hands during trading, a decline of 52% from the average daily volume of 1,036 shares. The stock had previously closed at $17.15.

1st Colonial Bancorp Stock Down 1.3%

The company has a quick ratio of 0.86, a current ratio of 0.92 and a debt-to-equity ratio of 0.42. The firm has a market cap of $81.23 million, a P/E ratio of 9.84 and a beta of 0.12. The stock's 50-day simple moving average is $16.70 and its 200 day simple moving average is $15.53.

1st Colonial Bancorp (OTCMKTS:FCOB - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $0.46 EPS for the quarter. The business had revenue of $8.32 million for the quarter. 1st Colonial Bancorp had a net margin of 17.58% and a return on equity of 10.67%.

Hedge Funds Weigh In On 1st Colonial Bancorp

An institutional investor recently bought a new position in 1st Colonial Bancorp stock. FNY Investment Advisers LLC acquired a new position in shares of 1st Colonial Bancorp Inc. (OTCMKTS:FCOB - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,579 shares of the company's stock, valued at approximately $90,000. FNY Investment Advisers LLC owned approximately 0.12% of 1st Colonial Bancorp at the end of the most recent reporting period. 13.44% of the stock is currently owned by hedge funds and other institutional investors.

1st Colonial Bancorp Company Profile

1st Colonial Bancorp, Inc operates as the bank holding company for 1st Colonial Community Bank that provides a range of business and consumer financial services in New Jersey. The company offers various deposit products, including savings accounts, money market accounts, certificates of deposit, club accounts, and business and personal checking accounts.

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