Brokerages Expect 1st Constitution Bancorp (FCCY) Will Announce Quarterly Sales of $11.54 Million
Equities analysts predict that 1st Constitution Bancorp (NASDAQ:FCCY) will announce sales of $11.54 million for the current quarter, Zacks reports. Two analysts have issued estimates for 1st Constitution Bancorp’s earnings, with estimates ranging from $11.32 million to $11.76 million. 1st Constitution Bancorp reported sales of $11.09 million during the same quarter last year, which indicates a positive year over year growth rate of 4.1%. The company is scheduled to report its next earnings results on Thursday, February 1st.
On average, analysts expect that 1st Constitution Bancorp will report full year sales of $11.54 million for the current financial year, with estimates ranging from $44.85 million to $45.97 million. For the next fiscal year, analysts anticipate that the firm will post sales of $50.30 million per share, with estimates ranging from $49.33 million to $51.26 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow 1st Constitution Bancorp.
1st Constitution Bancorp (NASDAQ:FCCY) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The business had revenue of $11.48 million during the quarter, compared to analysts’ expectations of $12.03 million. 1st Constitution Bancorp had a return on equity of 7.79% and a net margin of 16.78%.
Several institutional investors and hedge funds have recently bought and sold shares of FCCY. Dimensional Fund Advisors LP boosted its holdings in shares of 1st Constitution Bancorp by 16.2% in the second quarter. Dimensional Fund Advisors LP now owns 143,463 shares of the financial services provider’s stock worth $2,546,000 after buying an additional 19,985 shares during the last quarter. Context BH Capital Management LP boosted its holdings in shares of 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 worth $1,452,000 after buying an additional 13,091 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in 1st Constitution Bancorp by 108.8% during the second quarter. JPMorgan Chase & Co. now owns 7,582 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 3,951 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in 1st Constitution Bancorp by 0.8% during the second quarter. Vanguard Group Inc. now owns 193,815 shares of the financial services provider’s stock valued at $3,441,000 after purchasing an additional 1,605 shares in the last quarter. 27.88% of the stock is currently owned by institutional investors.
1st Constitution Bancorp (NASDAQ:FCCY) traded up $0.30 on Tuesday, hitting $18.90. 17,000 shares of the company were exchanged, compared to its average volume of 11,940. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.89 and a current ratio of 0.90. The stock has a market capitalization of $150.97, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 1.61 and a beta of 0.38. 1st Constitution Bancorp has a one year low of $15.75 and a one year high of $19.40.
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1st Constitution Bancorp Company Profile
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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