1st Colonial Bancorp (OTCMKTS:FCOB) Shares Up 0.8% - Here's What Happened

Key Points

• 1st Colonial Bancorp's share price increased by 0.8% to $17.00, though trading volume was down by 52% from its average daily volume.
• The company reported earnings of $0.46 per share for the most recent quarter, with a net margin of 17.58% and revenue of $8.32 million.
• An institutional investor, FNY Investment Advisers LLC, recently acquired 5,579 shares of 1st Colonial Bancorp, increasing their ownership to approximately 0.12%.

1st Colonial Bancorp Inc. (OTCMKTS:FCOB - Get Free Report)'s share price was up 0.8% during mid-day trading on Tuesday . The stock traded as high as $17.00 and last traded at $17.00. Approximately 400 shares changed hands during trading, a decline of 52% from the average daily volume of 830 shares. The stock had previously closed at $16.87.

1st Colonial Bancorp Trading Down 0.0%

The stock has a market cap of $80.78 million, a PE ratio of 9.78 and a beta of 0.19. The company's 50 day moving average is $16.37 and its 200-day moving average is $15.35.

1st Colonial Bancorp (OTCMKTS:FCOB - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $0.46 earnings per share (EPS) for the quarter. 1st Colonial Bancorp had a net margin of 17.58% and a return on equity of 10.83%. The firm had revenue of $8.32 million for the quarter.

Institutional Inflows and Outflows

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) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm 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. Institutional investors and hedge funds own 13.44% of the company's stock.

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.