Wall Street analysts forecast that 1st Constitution Bancorp (NASDAQ:FCCY) will announce sales of $15.18 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for 1st Constitution Bancorp’s earnings. The lowest sales estimate is $14.85 million and the highest is $15.50 million. 1st Constitution Bancorp posted sales of $13.60 million in the same quarter last year, which suggests a positive year-over-year growth rate of 11.6%. The business is scheduled to issue its next earnings report on Friday, July 17th.
On average, analysts expect that 1st Constitution Bancorp will report full year sales of $62.22 million for the current fiscal year, with estimates ranging from $61.03 million to $63.40 million. For the next year, analysts anticipate that the business will report sales of $61.87 million, with estimates ranging from $59.94 million to $63.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover 1st Constitution Bancorp.
1st Constitution Bancorp (NASDAQ:FCCY) last released its quarterly earnings data on Friday, May 1st. The financial services provider reported $0.33 EPS for the quarter, missing the 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 company had revenue of $15.39 million during the quarter, compared to analysts’ expectations of $15.77 million.
In other news, Director William M. Rue acquired 5,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was purchased at an average cost of $12.84 per share, with a total value of $64,200.00. Following the completion of the acquisition, the director now directly owns 216,456 shares in the company, valued at $2,779,295.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders purchased 9,100 shares of company stock valued at $115,799. 14.33% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. State Street Corp increased its holdings in 1st Constitution Bancorp by 4.5% in the first quarter. State Street Corp now owns 135,707 shares of the financial services provider’s stock valued at $1,798,000 after buying an additional 5,897 shares during the last quarter. Siena Capital Partners GP LLC increased its holdings in 1st Constitution Bancorp by 1.1% in 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 buying an additional 1,642 shares during the last quarter. Wells Fargo & Company MN increased its holdings in 1st Constitution Bancorp by 10.5% in the first quarter. Wells Fargo & Company MN now owns 17,777 shares of the financial services provider’s stock valued at $235,000 after buying an additional 1,684 shares during the last quarter. Geode Capital Management LLC increased its holdings in 1st Constitution Bancorp by 6.5% in 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 buying an additional 7,076 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in 1st Constitution Bancorp by 35.5% in the first quarter. JPMorgan Chase & Co. now owns 15,637 shares of the financial services provider’s stock valued at $206,000 after buying an additional 4,097 shares during the last quarter. 37.82% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ FCCY traded down $0.20 during midday trading on Friday, reaching $12.04. 107 shares of the company’s stock were exchanged, compared to its average volume of 16,500. 1st Constitution Bancorp has a 52-week low of $9.01 and a 52-week high of $22.91. The stock has a market capitalization of $112.32 million, a PE ratio of 7.74 and a beta of 0.59. 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 business’s fifty day moving average price is $12.52 and its two-hundred day moving average price is $16.29.
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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