Equities analysts expect 1st Constitution Bancorp (NASDAQ:FCCY) to post earnings of $0.26 per share for the current quarter, according to Zacks. Two analysts have provided estimates for 1st Constitution Bancorp’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.25. 1st Constitution Bancorp posted earnings per share of $0.25 in the same quarter last year, which would suggest a positive year over year growth rate of 4%. The company is expected to report its next earnings report on Thursday, February 1st.
According to Zacks, analysts expect that 1st Constitution Bancorp will report full-year earnings of $1.03 per share for the current year. For the next fiscal year, analysts anticipate that the business will report earnings of $1.16 per share, with EPS estimates ranging from $1.06 to $1.25. Zacks’ EPS 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 data on Thursday, October 26th. The financial services provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The company had revenue of $11.48 million for the quarter, compared to analyst estimates of $12.03 million. 1st Constitution Bancorp had a return on equity of 7.79% and a net margin of 16.78%.
Separately, Zacks Investment Research raised 1st Constitution Bancorp from a “sell” rating to a “hold” rating in a report on Monday, September 25th.
Several institutional investors and hedge funds have recently bought and sold shares of FCCY. JPMorgan Chase & Co. lifted its holdings in shares of 1st Constitution Bancorp by 108.8% in the 2nd 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. Context BH Capital Management LP lifted its holdings in shares of 1st Constitution Bancorp by 18.9% in the 2nd 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. Vanguard Group Inc. lifted its holdings in shares of 1st Constitution Bancorp by 0.8% in the 2nd 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. Finally, Dimensional Fund Advisors LP increased its stake in 1st Constitution Bancorp by 16.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 143,463 shares of the financial services provider’s stock valued at $2,546,000 after purchasing an additional 19,985 shares in the last quarter. 27.88% of the stock is owned by institutional investors and hedge funds.
Shares of 1st Constitution Bancorp (NASDAQ:FCCY) opened at $18.60 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $150.16, a P/E ratio of 18.42, a PEG ratio of 1.61 and a beta of 0.43. 1st Constitution Bancorp has a 1-year low of $15.75 and a 1-year high of $19.40.
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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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