Analysts Anticipate 1st Constitution Bancorp (FCCY) to Post $0.39 Earnings Per Share

1st Constitution Bancorp (NASDAQ:FCCY) has received an average broker rating score of 3.00 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating.

Brokers have set a 1 year consensus target price of $22.00 for the company and are expecting that the company will post $0.39 EPS for the current quarter, according to Zacks. Zacks has also given 1st Constitution Bancorp an industry rank of 151 out of 255 based on the ratings given to its competitors.

Several brokerages recently commented on FCCY. ValuEngine downgraded 1st Constitution Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Zacks Investment Research raised 1st Constitution Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, July 24th.

1st Constitution Bancorp stock traded down $0.17 during mid-day trading on Friday, hitting $19.10. 9,316 shares of the company’s stock were exchanged, compared to its average volume of 16,494. The company has a market capitalization of $173.45 million, a PE ratio of 18.02, a PEG ratio of 1.77 and a beta of 0.35. 1st Constitution Bancorp has a fifty-two week low of $16.15 and a fifty-two week high of $27.00. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 1.14.

1st Constitution Bancorp (NASDAQ:FCCY) last issued its quarterly earnings data on Friday, July 20th. The financial services provider reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The business had revenue of $13.06 million for the quarter, compared to the consensus estimate of $13.22 million. 1st Constitution Bancorp had a return on equity of 9.71% and a net margin of 14.43%. Analysts predict that 1st Constitution Bancorp will post 1.46 EPS for the current fiscal year.

In other 1st Constitution Bancorp news, Director James G. Aaron acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 27th. The shares were acquired at an average price of $22.22 per share, with a total value of $111,100.00. Following the purchase, the director now owns 9,525 shares of the company’s stock, valued at approximately $211,645.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 14.61% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC acquired a new stake in shares of 1st Constitution Bancorp in the 1st quarter valued at about $313,000. ZPR Investment Management bought a new stake in shares of 1st Constitution Bancorp in the first quarter valued at approximately $276,000. Dimensional Fund Advisors LP boosted its stake in shares of 1st Constitution Bancorp by 5.8% in the first quarter. Dimensional Fund Advisors LP now owns 174,935 shares of the financial services provider’s stock valued at $3,779,000 after buying an additional 9,611 shares during the period. Northern Trust Corp boosted its stake in shares of 1st Constitution Bancorp by 475.9% in the second quarter. Northern Trust Corp now owns 73,033 shares of the financial services provider’s stock valued at $1,672,000 after buying an additional 60,351 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of 1st Constitution Bancorp in the second quarter valued at approximately $622,000. 34.82% of the stock is currently owned by hedge funds and other institutional investors.

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 and northeastern New Jersey areas. 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, as well as certificates of deposit.

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