Brokerages expect 1st Constitution Bancorp (NASDAQ:FCCY) to report earnings of $0.49 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for 1st Constitution Bancorp’s earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $0.56. 1st Constitution Bancorp posted earnings per share of $0.36 during the same quarter last year, which would indicate a positive year over year growth rate of 36.1%. The company is scheduled to report its next earnings report on Friday, July 23rd.
On average, analysts expect that 1st Constitution Bancorp will report full-year earnings of $1.88 per share for the current financial year, with EPS estimates ranging from $1.80 to $2.05. For the next fiscal year, analysts expect that the company will report earnings of $1.78 per share, with EPS estimates ranging from $1.50 to $2.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow 1st Constitution Bancorp.
1st Constitution Bancorp (NASDAQ:FCCY) last released its quarterly earnings data on Sunday, May 2nd. The financial services provider reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.05). 1st Constitution Bancorp had a return on equity of 9.18% and a net margin of 19.11%. The business had revenue of $19.36 million for the quarter, compared to analyst estimates of $19.30 million.
NASDAQ FCCY traded up $0.11 on Monday, hitting $19.91. The stock had a trading volume of 15,348 shares, compared to its average volume of 20,605. 1st Constitution Bancorp has a one year low of $10.84 and a one year high of $22.47. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.68. The stock has a market cap of $204.40 million, a price-to-earnings ratio of 13.19 and a beta of 0.71. The company’s 50-day moving average is $18.63 and its two-hundred day moving average is $17.27.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 28th. Shareholders of record on Friday, May 14th will be given a $0.10 dividend. This is a boost from 1st Constitution Bancorp’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, May 13th. This represents a $0.40 annualized dividend and a yield of 2.01%. 1st Constitution Bancorp’s dividend payout ratio is 23.81%.
Several institutional investors have recently bought and sold shares of FCCY. BlackRock Inc. boosted its holdings in shares of 1st Constitution Bancorp by 10.6% in the fourth quarter. BlackRock Inc. now owns 496,360 shares of the financial services provider’s stock valued at $7,877,000 after acquiring an additional 47,669 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of 1st Constitution Bancorp by 4.4% in the fourth quarter. Wells Fargo & Company MN now owns 22,481 shares of the financial services provider’s stock valued at $357,000 after acquiring an additional 938 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of 1st Constitution Bancorp by 3.2% in the fourth quarter. HighTower Advisors LLC now owns 26,058 shares of the financial services provider’s stock valued at $414,000 after acquiring an additional 800 shares in the last quarter. Sterling Financial Planning Inc. bought a new position in shares of 1st Constitution Bancorp in the fourth quarter valued at approximately $303,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of 1st Constitution Bancorp by 7.2% in the fourth quarter. Renaissance Technologies LLC now owns 128,970 shares of the financial services provider’s stock valued at $2,047,000 after acquiring an additional 8,621 shares in the last quarter. Institutional investors and hedge funds own 39.56% of the company’s stock.
About 1st Constitution Bancorp
1st Constitution Bancorp operates as the bank holding company for 1st Constitution Bank that provides commercial and retail banking products and services in the central, coastal, and northeastern areas of New Jersey. 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.
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