Wall Street brokerages forecast that 1st Constitution Bancorp (NASDAQ:FCCY) will post earnings per share of $0.32 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for 1st Constitution Bancorp’s earnings, with the highest EPS estimate coming in at $0.34 and the lowest estimate coming in at $0.30. 1st Constitution Bancorp reported earnings per share of $0.23 in the same quarter last year, which would indicate a positive year over year growth rate of 39.1%. The company is expected to announce its next quarterly earnings report on Friday, July 20th.
According to Zacks, analysts expect that 1st Constitution Bancorp will report full-year earnings of $1.39 per share for the current year, with EPS estimates ranging from $1.38 to $1.40. For the next year, analysts expect that the business will post earnings of $1.45 per share. Zacks’ earnings per share averages are an average based on a survey of research firms that follow 1st Constitution Bancorp.
1st Constitution Bancorp (NASDAQ:FCCY) last issued its earnings results on Monday, April 23rd. The financial services provider reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.02. 1st Constitution Bancorp had a return on equity of 8.88% and a net margin of 15.24%. The firm had revenue of $11.56 million for the quarter, compared to analyst estimates of $11.97 million.
Several research analysts have recently issued reports on FCCY shares. Zacks Investment Research cut 1st Constitution Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. ValuEngine cut 1st Constitution Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 26th.
In other 1st Constitution Bancorp news, Director Charles S. Crow III purchased 2,508 shares of the firm’s stock in a transaction dated Monday, May 14th. The stock was bought at an average price of $21.28 per share, with a total value of $53,370.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 14.61% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its stake in 1st Constitution Bancorp by 18.6% during the fourth quarter. Alliancebernstein L.P. now owns 220,333 shares of the financial services provider’s stock valued at $4,032,000 after buying an additional 34,579 shares in the last quarter. Millennium Management LLC bought a new position in 1st Constitution Bancorp during the first quarter valued at about $313,000. ZPR Investment Management bought a new position in 1st Constitution Bancorp during the first quarter valued at about $276,000. Dimensional Fund Advisors LP boosted its stake in 1st Constitution Bancorp by 5.8% during the first quarter. Dimensional Fund Advisors LP now owns 174,935 shares of the financial services provider’s stock valued at $3,779,000 after buying an additional 9,611 shares in the last quarter. Finally, Salzhauer Michael boosted its stake in 1st Constitution Bancorp by 6.2% during the first quarter. Salzhauer Michael now owns 119,028 shares of the financial services provider’s stock valued at $2,589,000 after buying an additional 7,000 shares in the last quarter. 28.38% of the stock is owned by institutional investors.
1st Constitution Bancorp opened at $21.70 on Friday, MarketBeat.com reports. 1st Constitution Bancorp has a 1 year low of $16.15 and a 1 year high of $27.00. The firm has a market capitalization of $185.25 million, a PE ratio of 18.61, a price-to-earnings-growth ratio of 1.59 and a beta of 0.38. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.43.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 23rd. Stockholders of record on Friday, May 11th were paid a $0.06 dividend. The ex-dividend date was Thursday, May 10th. This represents a $0.24 annualized dividend and a dividend yield of 1.11%. 1st Constitution Bancorp’s payout ratio is 22.64%.
About 1st Constitution Bancorp
1st Constitution Bancorp operates as the bank holding company for 1st Constitution Bank that provides commercial and retail banking services in the central and northeastern New Jersey areas. The company offers deposit products, including interest bearing demand deposits, such as interest-bearing checking accounts, money market accounts, and NOW accounts; and non-interest bearing demand, savings, and time deposits, as well as certificates of deposit.
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