Wall Street analysts forecast that 1st Constitution Bancorp (NASDAQ:FCCY) will announce earnings of $0.36 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for 1st Constitution Bancorp’s earnings. 1st Constitution Bancorp also reported earnings per share of $0.36 during the same quarter last year. The firm is scheduled to report its next earnings report on Friday, April 19th.
According to Zacks, analysts expect that 1st Constitution Bancorp will report full-year earnings of $1.55 per share for the current year. For the next financial year, analysts forecast that the firm will post earnings of $1.55 per share, with EPS estimates ranging from $1.50 to $1.60. Zacks’ EPS averages are an average based on a survey of analysts that cover 1st Constitution Bancorp.
1st Constitution Bancorp (NASDAQ:FCCY) last posted its quarterly earnings results on Thursday, January 31st. The financial services provider reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.03). The company had revenue of $13.18 million during the quarter, compared to the consensus estimate of $13.48 million. 1st Constitution Bancorp had a return on equity of 11.08% and a net margin of 20.28%.
A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of 1st Constitution Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. ValuEngine cut shares of 1st Constitution Bancorp from a “hold” rating to a “sell” rating in a report on Monday, February 25th.
In other 1st Constitution Bancorp news, EVP John T. Andreacio sold 1,914 shares of the stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $19.02, for a total transaction of $36,404.28. Following the transaction, the executive vice president now directly owns 23,625 shares in the company, valued at approximately $449,347.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 14.61% of the company’s stock.
A number of institutional investors have recently modified their holdings of FCCY. Dimensional Fund Advisors LP grew its holdings in 1st Constitution Bancorp by 8.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 224,470 shares of the financial services provider’s stock worth $4,474,000 after acquiring an additional 17,414 shares in the last quarter. BlackRock Inc. grew its holdings in 1st Constitution Bancorp by 4.5% during the 4th quarter. BlackRock Inc. now owns 366,479 shares of the financial services provider’s stock worth $7,305,000 after acquiring an additional 15,829 shares in the last quarter. Roundview Capital LLC bought a new position in 1st Constitution Bancorp during the 4th quarter worth about $290,000. Martingale Asset Management L P bought a new position in 1st Constitution Bancorp during the 3rd quarter worth about $249,000. Finally, First Trust Advisors LP bought a new position in 1st Constitution Bancorp during the 4th quarter worth about $223,000. Institutional investors own 35.56% of the company’s stock.
Shares of NASDAQ FCCY traded up $0.23 during mid-day trading on Thursday, reaching $18.50. The company had a trading volume of 6,100 shares, compared to its average volume of 6,419. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.71. The stock has a market cap of $159.14 million, a PE ratio of 11.86, a PEG ratio of 1.49 and a beta of 0.22. 1st Constitution Bancorp has a 52 week low of $16.45 and a 52 week high of $27.00.
1st Constitution Bancorp Company Profile
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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