Analysts Expect 1st Constitution Bancorp (FCCY) to Post $0.28 EPS
1st Constitution Bancorp (NASDAQ:FCCY) has earned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Zacks has also assigned 1st Constitution Bancorp an industry rank of 56 out of 265 based on the ratings given to related companies.
Several brokerages recently commented on FCCY. TheStreet cut shares of 1st Constitution Bancorp from a “b” rating to a “c+” rating in a research note on Monday, April 24th. Zacks Investment Research cut shares of 1st Constitution Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 4th.
A number of institutional investors have recently made changes to their positions in the company. Siena Capital Management LLC acquired a new position in shares of 1st Constitution Bancorp during the fourth quarter worth about $1,963,000. Emerald Mutual Fund Advisers Trust boosted its position in shares of 1st Constitution Bancorp by 414.1% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 75,856 shares of the financial services provider’s stock worth $1,400,000 after buying an additional 61,100 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of 1st Constitution Bancorp during the fourth quarter worth about $1,021,000. Dimensional Fund Advisors LP boosted its position in shares of 1st Constitution Bancorp by 21.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 99,463 shares of the financial services provider’s stock worth $1,860,000 after buying an additional 17,758 shares during the last quarter. Finally, Basswood Capital Management L.L.C. boosted its position in shares of 1st Constitution Bancorp by 28.8% in the fourth quarter. Basswood Capital Management L.L.C. now owns 63,152 shares of the financial services provider’s stock worth $1,181,000 after buying an additional 14,119 shares during the last quarter. Institutional investors own 19.09% of the company’s stock.
Shares of 1st Constitution Bancorp (NASDAQ:FCCY) traded up 0.29% on Thursday, hitting $17.50. 57,147 shares of the company’s stock were exchanged. 1st Constitution Bancorp has a 12-month low of $11.70 and a 12-month high of $20.85. The stock has a market cap of $139.88 million, a price-to-earnings ratio of 15.35 and a beta of 0.31. The company’s 50-day moving average price is $18.11 and its 200 day moving average price is $17.02.
1st Constitution Bancorp (NASDAQ:FCCY) last announced its quarterly earnings data on Monday, April 24th. The financial services provider reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.03. 1st Constitution Bancorp had a net margin of 19.45% and a return on equity of 9.16%. The company earned $11.05 million during the quarter, compared to analyst estimates of $11.09 million. On average, equities analysts predict that 1st Constitution Bancorp will post $1.10 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 25th. Shareholders of record on Monday, April 3rd were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Thursday, March 30th. 1st Constitution Bancorp’s payout ratio is currently 17.70%.
About 1st Constitution Bancorp
1st Constitution Bancorp is the bank holding company for 1st Constitution Bank (the Bank). The Bank is a commercial bank, which is engaged in the business of commercial and retail banking. The Company operates through the Community Banking segment. The Community Banking segment consists of construction, commercial, retail and mortgage banking operations.
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