1st Constitution Bancorp (NJ) (NASDAQ:FCCY) – Stock analysts at DA Davidson boosted their Q1 2018 EPS estimates for shares of 1st Constitution Bancorp (NJ) in a report released on Tuesday. DA Davidson analyst R. Gunther now anticipates that the financial services provider will post earnings of $0.25 per share for the quarter, up from their previous estimate of $0.21. DA Davidson currently has a “Neutral” rating and a $18.00 target price on the stock. DA Davidson also issued estimates for 1st Constitution Bancorp (NJ)’s Q1 2019 earnings at $0.24 EPS, Q2 2019 earnings at $0.29 EPS and FY2019 earnings at $1.13 EPS.

1st Constitution Bancorp (NJ) (NASDAQ:FCCY) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.01). 1st Constitution Bancorp (NJ) had a net margin of 16.78% and a return on equity of 7.88%. The firm had revenue of $11.48 million during the quarter, compared to the consensus estimate of $12.03 million.

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Separately, Zacks Investment Research downgraded shares of 1st Constitution Bancorp (NJ) from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 25th.

Shares of 1st Constitution Bancorp (NASDAQ:FCCY) opened at $17.55 on Friday. 1st Constitution Bancorp has a 12 month low of $13.35 and a 12 month high of $20.85. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.85. The company has a market cap of $141.68, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 1.70 and a beta of 0.44.

A number of large investors have recently modified their holdings of FCCY. JPMorgan Chase & Co. increased its stake in 1st Constitution Bancorp (NJ) 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 purchasing an additional 3,951 shares in the last quarter. California Public Employees Retirement System bought a new stake in shares of 1st Constitution Bancorp (NJ) during the first quarter worth $253,000. Renaissance Technologies LLC increased its position in shares of 1st Constitution Bancorp (NJ) by 20.0% during the first quarter. Renaissance Technologies LLC now owns 65,500 shares of the financial services provider’s stock worth $1,208,000 after acquiring an additional 10,900 shares in the last quarter. Context BH Capital Management LP increased its position in shares of 1st Constitution Bancorp (NJ) by 18.9% during 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 acquiring an additional 13,091 shares in the last quarter. Finally, Siena Capital Management LLC increased its position in shares of 1st Constitution Bancorp (NJ) by 19.2% during the second quarter. Siena Capital Management LLC now owns 125,198 shares of the financial services provider’s stock worth $2,210,000 after acquiring an additional 20,200 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Thursday, November 16th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.37%. The ex-dividend date is Wednesday, November 15th. This is an increase from 1st Constitution Bancorp (NJ)’s previous quarterly dividend of $0.05. 1st Constitution Bancorp (NJ)’s dividend payout ratio is presently 19.80%.

1st Constitution Bancorp (NJ) 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 (NJ) (NASDAQ:FCCY)

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