1st Constitution Bancorp Expected to Post Q2 2018 Earnings of $0.33 Per Share (FCCY)

1st Constitution Bancorp (NASDAQ:FCCY) – Stock analysts at DA Davidson upped their Q2 2018 EPS estimates for shares of 1st Constitution Bancorp in a research note issued on Monday. DA Davidson analyst R. Gunther now expects that the financial services provider will earn $0.33 per share for the quarter, up from their previous forecast of $0.24. DA Davidson also issued estimates for 1st Constitution Bancorp’s Q3 2018 earnings at $0.37 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.36 EPS, Q3 2019 earnings at $0.42 EPS and FY2019 earnings at $1.43 EPS.

Several other research firms have also weighed in on FCCY. ValuEngine raised shares of 1st Constitution Bancorp from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised shares of 1st Constitution Bancorp from a “sell” rating to a “hold” rating and set a $20.00 target price on the stock in a report on Monday, January 1st.

1st Constitution Bancorp (NASDAQ FCCY) remained flat at $$19.25 on Thursday. The stock had a trading volume of 3,600 shares, compared to its average volume of 8,231. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73. 1st Constitution Bancorp has a 52-week low of $16.15 and a 52-week high of $20.05. The firm has a market cap of $155.60, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 1.67 and a beta of 0.43.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Friday, February 16th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, February 15th. 1st Constitution Bancorp’s payout ratio is 28.92%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in 1st Constitution Bancorp by 9.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 157,397 shares of the financial services provider’s stock worth $2,857,000 after buying an additional 13,934 shares in the last quarter. Vanguard Group Inc. lifted its position in 1st Constitution Bancorp by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 193,815 shares of the financial services provider’s stock worth $3,441,000 after buying an additional 1,605 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in 1st Constitution Bancorp by 108.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,582 shares of the financial services provider’s stock worth $135,000 after buying an additional 3,951 shares in the last quarter. 27.88% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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