The Manufacturers Life Insurance Company acquired a new position in shares of 1st Capital Bancorp (OTCMKTS:FISB – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 696,665 shares of the company’s stock, valued at approximately $23,568,000. The Manufacturers Life Insurance Company owned 12.43% of 1st Capital Bancorp at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. acquired a new stake in 1st Capital Bancorp in the second quarter valued at $78,000. Allworth Financial LP acquired a new position in shares of 1st Capital Bancorp during the 2nd quarter worth $143,000. Sanctuary Advisors LLC acquired a new position in shares of 1st Capital Bancorp during the 2nd quarter worth $200,000. OneAscent Financial Services LLC purchased a new position in shares of 1st Capital Bancorp in the 2nd quarter valued at about $246,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of 1st Capital Bancorp in the 2nd quarter valued at about $348,000. Hedge funds and other institutional investors own 8.13% of the company’s stock.
1st Capital Bancorp Stock Performance
FISB stock opened at $14.00 on Friday. The company has a market cap of $78.47 million, a P/E ratio of 20.29 and a beta of 0.64. 1st Capital Bancorp has a 52 week low of $9.40 and a 52 week high of $14.00. The company’s 50-day moving average price is $14.00 and its 200 day moving average price is $14.00.
1st Capital Bancorp Profile
1st Capital Bancorp is a bank holding company based in the United States and the parent of 1st Capital Bank. The institution focuses on providing commercial and consumer banking services to small and medium-sized businesses, individuals and nonprofit organizations.
Its product portfolio encompasses deposit accounts such as checking, savings and money market accounts, alongside lending solutions that include residential mortgages, business loans, lines of credit and equipment financing.
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