First Community Financial Partners Inc (FCFP) was Initiated by Hovde Group to “Outperform” and the brokerage firm has set the Price Target at $10.25. Hovde Group advised their investors in a research report released on May 16, 2016.
First Community Financial Partners Inc. is a bank holding company of First Community Financial Bank (the Bank). The Bank is a community bank engaged in the business of commercial family and personal banking and offers customers a range of financial products and services that are related or ancillary to loans and deposits including cash management funds transfers bill payment and other online banking transactions automated teller machines and safe deposit boxes. Its loan portfolio consists primarily of non-residential real estate loans. Its investments include securities available for sale. Its deposit accounts consist principally of savings accounts negotiable order of withdrawal (NOW) accounts checking accounts money market accounts certificates of deposit and individual retirement accounts (IRAs) and other qualified plan accounts. As of June 30 2015 the Bank’s total deposits totaled $ 834.4 million.