Analysts predict that 1st Constitution Bancorp (NASDAQ:FCCY) will report $13.73 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for 1st Constitution Bancorp’s earnings, with estimates ranging from $13.27 million to $14.19 million. 1st Constitution Bancorp posted sales of $13.55 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.3%. The company is expected to issue its next quarterly earnings report on Friday, October 18th.
On average, analysts expect that 1st Constitution Bancorp will report full-year sales of $55.95 million for the current year, with estimates ranging from $55.91 million to $55.99 million. For the next financial year, analysts forecast that the business will report sales of $65.72 million, with estimates ranging from $63.66 million to $67.78 million. Zacks’ sales calculations are an average based on a survey of research firms that cover 1st Constitution Bancorp.
1st Constitution Bancorp (NASDAQ:FCCY) last released its quarterly earnings results on Friday, July 19th. The financial services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. The company had revenue of $13.60 million during the quarter, compared to the consensus estimate of $13.48 million. 1st Constitution Bancorp had a return on equity of 11.00% and a net margin of 22.00%.
In other 1st Constitution Bancorp news, insider John T. Andreacio sold 5,916 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $17.92, for a total transaction of $106,014.72. Following the transaction, the insider now owns 15,795 shares in the company, valued at $283,046.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 14.61% of the company’s stock.
Several large investors have recently added to or reduced their stakes in FCCY. Dimensional Fund Advisors LP lifted its stake in shares of 1st Constitution Bancorp by 8.4% in the fourth 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. raised its stake in 1st Constitution Bancorp by 4.5% during the fourth quarter. BlackRock Inc. now owns 366,479 shares of the financial services provider’s stock valued at $7,305,000 after buying an additional 15,829 shares in the last quarter. Acadian Asset Management LLC raised its stake in 1st Constitution Bancorp by 16.6% during the second quarter. Acadian Asset Management LLC now owns 49,734 shares of the financial services provider’s stock valued at $919,000 after buying an additional 7,070 shares in the last quarter. Renaissance Technologies LLC raised its stake in 1st Constitution Bancorp by 6.4% during the second quarter. Renaissance Technologies LLC now owns 110,100 shares of the financial services provider’s stock valued at $2,034,000 after buying an additional 6,591 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in 1st Constitution Bancorp during the first quarter valued at approximately $113,000. Institutional investors and hedge funds own 34.46% of the company’s stock.
1st Constitution Bancorp stock traded up $0.19 during mid-day trading on Tuesday, hitting $16.98. 1 shares of the company were exchanged, compared to its average volume of 11,066. The company has a market capitalization of $149.98 million, a P/E ratio of 10.82, a PEG ratio of 1.35 and a beta of 0.21. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.97 and a quick ratio of 0.88. 1st Constitution Bancorp has a 12-month low of $16.45 and a 12-month high of $22.65. The business’s 50 day simple moving average is $17.94 and its two-hundred day simple moving average is $18.42.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Monday, August 12th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Friday, August 9th. 1st Constitution Bancorp’s dividend payout ratio is presently 19.23%.
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, 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 negotiable order of withdrawal accounts; and non-interest bearing demand, savings, and time deposits, as well as certificates of deposit.
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