Analysts Expect 1st Constitution Bancorp (FCCY) to Announce $0.26 EPS
Analysts expect 1st Constitution Bancorp (NASDAQ:FCCY) to post earnings per share of $0.26 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for 1st Constitution Bancorp’s earnings. The highest EPS estimate is $0.27 and the lowest is $0.25. 1st Constitution Bancorp reported earnings per share of $0.25 during the same quarter last year, which suggests a positive year-over-year growth rate of 4%. The company is scheduled to issue its next quarterly earnings report on Thursday, February 1st.
On average, analysts expect that 1st Constitution Bancorp will report full year earnings of $1.03 per share for the current fiscal year. For the next financial year, analysts forecast that the company will report earnings of $1.08 per share, with EPS estimates ranging from $1.06 to $1.10. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for 1st Constitution Bancorp.
1st Constitution Bancorp (NASDAQ:FCCY) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). 1st Constitution Bancorp had a net margin of 16.78% and a return on equity of 7.88%. The firm had revenue of $11.48 million for the quarter, compared to analysts’ expectations of $12.03 million.
Several analysts recently issued reports on FCCY shares. Zacks Investment Research lowered 1st Constitution Bancorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 25th. DA Davidson started coverage on 1st Constitution Bancorp in a report on Friday, September 1st. They set a “neutral” rating and a $18.00 target price on the stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in 1st Constitution Bancorp by 16.2% during the second quarter. Dimensional Fund Advisors LP now owns 143,463 shares of the financial services provider’s stock worth $2,546,000 after acquiring an additional 19,985 shares in the last quarter. Vanguard Group Inc. raised its stake in 1st Constitution Bancorp by 0.8% in the second quarter. Vanguard Group Inc. now owns 193,815 shares of the financial services provider’s stock valued at $3,441,000 after buying an additional 1,605 shares during the period. Context BH Capital Management LP raised its stake in 1st Constitution Bancorp by 18.9% in the second quarter. Context BH Capital Management LP now owns 82,254 shares of the financial services provider’s stock valued at $1,452,000 after buying an additional 13,091 shares during the period. JPMorgan Chase & Co. raised its stake in 1st Constitution Bancorp by 108.8% in the second quarter. JPMorgan Chase & Co. now owns 7,582 shares of the financial services provider’s stock valued at $135,000 after buying an additional 3,951 shares during the period. Finally, Siena Capital Management LLC raised its stake in 1st Constitution Bancorp by 19.2% in the second quarter. Siena Capital Management LLC now owns 125,198 shares of the financial services provider’s stock valued at $2,210,000 after buying an additional 20,200 shares during the period. Institutional investors and hedge funds own 27.02% of the company’s stock.
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Shares of 1st Constitution Bancorp (NASDAQ FCCY) opened at $18.00 on Friday. 1st Constitution Bancorp has a fifty-two week low of $13.25 and a fifty-two week high of $20.85. The company has a market cap of $146.04 million, a P/E ratio of 17.77, a PEG ratio of 1.74 and a beta of 0.38. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.85.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, November 16th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.33%. The ex-dividend date is Wednesday, November 15th. This is a positive change from 1st Constitution Bancorp’s previous quarterly dividend of $0.05. 1st Constitution Bancorp’s dividend payout ratio is presently 19.80%.
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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