Zacks: Analysts Anticipate 1st Constitution Bancorp (NASDAQ:FCCY) to Announce $0.41 EPS
Wall Street analysts forecast that 1st Constitution Bancorp (NASDAQ:FCCY) will post earnings of $0.41 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for 1st Constitution Bancorp’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.43. 1st Constitution Bancorp also posted earnings per share of $0.41 during the same quarter last year. The business is expected to report its next quarterly earnings report on Friday, July 17th.
On average, analysts expect that 1st Constitution Bancorp will report full year earnings of $1.13 per share for the current fiscal year, with EPS estimates ranging from $0.89 to $1.35. For the next financial year, analysts anticipate that the firm will post earnings of $1.07 per share, with EPS estimates ranging from $0.45 to $1.40. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for 1st Constitution Bancorp.
1st Constitution Bancorp (NASDAQ:FCCY) last posted its quarterly earnings results on Friday, May 1st. The financial services provider reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.08). The company had revenue of $15.39 million for the quarter, compared to analyst estimates of $15.77 million. 1st Constitution Bancorp had a return on equity of 9.71% and a net margin of 19.13%.
Shares of NASDAQ:FCCY traded down $0.20 during trading on Thursday, hitting $12.04. 107 shares of the company were exchanged, compared to its average volume of 16,500. The stock has a market cap of $112.32 million, a price-to-earnings ratio of 7.74 and a beta of 0.59. 1st Constitution Bancorp has a fifty-two week low of $9.01 and a fifty-two week high of $22.91. The firm has a fifty day moving average price of $12.52 and a two-hundred day moving average price of $16.29. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.76.
In other 1st Constitution Bancorp news, Director William M. Rue bought 5,000 shares of 1st Constitution Bancorp stock in a transaction dated Thursday, May 28th. The stock was bought at an average cost of $12.84 per share, for a total transaction of $64,200.00. Following the purchase, the director now owns 216,456 shares of the company’s stock, valued at approximately $2,779,295.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought a total of 9,100 shares of company stock valued at $115,799 over the last quarter. 14.33% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in 1st Constitution Bancorp by 12.3% in the 4th quarter. Bank of America Corp DE now owns 5,212 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 569 shares during the period. Citigroup Inc. boosted its stake in 1st Constitution Bancorp by 75.0% in the 4th quarter. Citigroup Inc. now owns 1,776 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 761 shares during the period. American International Group Inc. boosted its stake in 1st Constitution Bancorp by 17.1% in the 4th quarter. American International Group Inc. now owns 5,546 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 811 shares during the period. Bank of New York Mellon Corp boosted its stake in 1st Constitution Bancorp by 4.3% in the 4th quarter. Bank of New York Mellon Corp now owns 28,964 shares of the financial services provider’s stock valued at $641,000 after purchasing an additional 1,196 shares during the period. Finally, Siena Capital Partners GP LLC boosted its stake in 1st Constitution Bancorp by 1.1% in the 1st quarter. Siena Capital Partners GP LLC now owns 154,298 shares of the financial services provider’s stock valued at $2,044,000 after purchasing an additional 1,642 shares during the period. Institutional investors and hedge funds own 37.82% of the company’s stock.
1st Constitution Bancorp Company Profile
1st Constitution Bancorp operates as the bank holding company for 1st Constitution Bank that provides commercial and retail banking 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 negotiable order of withdrawal accounts; and non-interest bearing demand, savings, and time deposits, as well as certificates of deposit.
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