1st Constitution Bancorp (NASDAQ:FCCY) Expected to Post Earnings of $0.41 Per Share

Brokerages expect that 1st Constitution Bancorp (NASDAQ:FCCY) will report $0.41 earnings per share for the current quarter, Zacks reports. Two analysts have provided estimates for 1st Constitution Bancorp’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.43. 1st Constitution Bancorp also reported earnings per share of $0.41 during the same quarter last year. The firm is expected to issue its next quarterly earnings results on Friday, July 17th.

On average, analysts expect that 1st Constitution Bancorp will report full-year earnings of $1.13 per share for the current year, with EPS estimates ranging from $0.89 to $1.35. For the next fiscal year, analysts forecast that the company will report earnings of $1.07 per share, with EPS estimates ranging from $0.45 to $1.40. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow 1st Constitution Bancorp.

1st Constitution Bancorp (NASDAQ:FCCY) last posted its quarterly earnings data on Friday, May 1st. The financial services provider reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.08). 1st Constitution Bancorp had a net margin of 19.13% and a return on equity of 9.71%. The business had revenue of $15.39 million for the quarter, compared to the consensus estimate of $15.77 million.

A number of analysts have recently issued reports on the stock. ValuEngine lowered shares of 1st Constitution Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, March 25th. Zacks Investment Research lowered shares of 1st Constitution Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, May 6th.

Shares of NASDAQ FCCY traded down $0.20 during mid-day trading on Thursday, reaching $12.04. The company had a trading volume of 107 shares, compared to its average volume of 16,500. The stock has a fifty day moving average of $12.52 and a two-hundred day moving average of $16.29. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.94 and a current ratio of 0.95. The company has a market capitalization of $112.32 million, a price-to-earnings ratio of 7.74 and a beta of 0.59. 1st Constitution Bancorp has a 12-month low of $9.01 and a 12-month high of $22.91.

In other 1st Constitution Bancorp news, Director William M. Rue acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were purchased at an average price of $12.84 per share, with a total value of $64,200.00. Following the completion of the transaction, the director now owns 216,456 shares in the company, valued at $2,779,295.04. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In the last ninety days, insiders have purchased 9,100 shares of company stock worth $115,799. Insiders own 14.33% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp raised its position in 1st Constitution Bancorp by 4.5% during the first quarter. State Street Corp now owns 135,707 shares of the financial services provider’s stock valued at $1,798,000 after acquiring an additional 5,897 shares in the last quarter. Siena Capital Partners GP LLC raised its position in 1st Constitution Bancorp by 1.1% during the first quarter. Siena Capital Partners GP LLC now owns 154,298 shares of the financial services provider’s stock valued at $2,044,000 after acquiring an additional 1,642 shares in the last quarter. Wells Fargo & Company MN raised its position in 1st Constitution Bancorp by 10.5% during the first quarter. Wells Fargo & Company MN now owns 17,777 shares of the financial services provider’s stock valued at $235,000 after acquiring an additional 1,684 shares in the last quarter. Geode Capital Management LLC raised its position in 1st Constitution Bancorp by 6.5% during the first quarter. Geode Capital Management LLC now owns 116,209 shares of the financial services provider’s stock valued at $1,539,000 after acquiring an additional 7,076 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in 1st Constitution Bancorp by 35.5% during the first quarter. JPMorgan Chase & Co. now owns 15,637 shares of the financial services provider’s stock valued at $206,000 after acquiring an additional 4,097 shares in the last quarter. 37.82% of the stock is currently owned by hedge funds and other institutional investors.

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, 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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Earnings History and Estimates for 1st Constitution Bancorp (NASDAQ:FCCY)

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