1st Constitution Bancorp (NASDAQ:FCCY) issued its quarterly earnings data on Sunday. The financial services provider reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.05), MarketWatch Earnings reports. 1st Constitution Bancorp had a return on equity of 9.18% and a net margin of 19.11%.
NASDAQ:FCCY traded up $0.34 during trading on Tuesday, reaching $19.12. The company’s stock had a trading volume of 1,544 shares, compared to its average volume of 20,077. The firm has a market cap of $196.29 million, a price-to-earnings ratio of 12.44 and a beta of 0.71. 1st Constitution Bancorp has a 12 month low of $10.84 and a 12 month high of $22.47. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.97 and a current ratio of 0.98. The firm has a 50 day moving average of $18.46 and a 200-day moving average of $16.83.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 28th. Shareholders of record on Friday, May 14th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 13th. This represents a $0.40 annualized dividend and a yield of 2.09%. This is a boost from 1st Constitution Bancorp’s previous quarterly dividend of $0.09. 1st Constitution Bancorp’s payout ratio is currently 21.43%.
Separately, Zacks Investment Research upgraded 1st Constitution Bancorp from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Friday, February 5th.
1st Constitution Bancorp Company Profile
1st Constitution Bancorp operates as the bank holding company for 1st Constitution Bank that provides commercial and retail banking products and services in the central, coastal, and northeastern areas of New Jersey. The company offers deposit products, including interest bearing demand deposits, such as interest-bearing checking accounts, money market accounts, and NOW accounts; and non-interest bearing demand, savings, and time deposits.
Read More: Return on Investment (ROI)
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