1st Colonial Bancorp (OTCMKTS:FCOB) Stock Price 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 rose 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 traded 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 Price Performance

The firm's 50-day moving average is $16.29 and its two-hundred day moving average is $15.31. The company has a market cap of $81.60 million, a P/E ratio of 9.88 and a beta of 0.19.

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

Institutional Investors 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) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,579 shares of the company's stock, valued at approximately $90,000. FNY Investment Advisers LLC owned 0.12% of 1st Colonial Bancorp as of its most recent SEC filing. Hedge funds and other institutional investors 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.

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