Wall Street analysts expect 1st Constitution Bancorp (NASDAQ:FCCY) to post $11.97 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for 1st Constitution Bancorp’s earnings, with the highest sales estimate coming in at $12.35 million and the lowest estimate coming in at $11.59 million. 1st Constitution Bancorp posted sales of $11.05 million in the same quarter last year, which suggests a positive year over year growth rate of 8.3%. The firm is scheduled to issue its next earnings report on Monday, April 23rd.
According to Zacks, analysts expect that 1st Constitution Bancorp will report full-year sales of $11.97 million for the current financial year, with estimates ranging from $50.69 million to $53.56 million. For the next year, analysts anticipate that the company will post sales of $55.19 million per share, with estimates ranging from $53.60 million to $56.77 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover 1st Constitution Bancorp.
FCCY has been the topic of several research reports. Zacks Investment Research upgraded shares of 1st Constitution Bancorp from a “sell” rating to a “hold” rating and set a $20.00 price objective on the stock in a research report on Monday, January 1st. ValuEngine upgraded shares of 1st Constitution Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.
Shares of 1st Constitution Bancorp (NASDAQ:FCCY) opened at $19.30 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73. The firm has a market cap of $156.00, a price-to-earnings ratio of 18.21, a PEG ratio of 1.45 and a beta of 0.43. 1st Constitution Bancorp has a 52-week low of $16.15 and a 52-week high of $20.05.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Friday, February 16th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 15th. 1st Constitution Bancorp’s payout ratio is presently 28.92%.
A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in 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 worth $3,441,000 after purchasing an additional 1,605 shares during the period. Wells Fargo & Company MN raised its position in 1st Constitution Bancorp by 174.3% in the 4th quarter. Wells Fargo & Company MN now owns 6,208 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 3,945 shares during the period. JPMorgan Chase & Co. raised its position in 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 worth $135,000 after purchasing an additional 3,951 shares during the period. Renaissance Technologies LLC raised its position in 1st Constitution Bancorp by 9.8% in the 4th quarter. Renaissance Technologies LLC now owns 71,399 shares of the financial services provider’s stock worth $1,307,000 after purchasing an additional 6,399 shares during the period. Finally, Salzhauer Michael raised its position in 1st Constitution Bancorp by 6.4% in the 4th quarter. Salzhauer Michael now owns 112,028 shares of the financial services provider’s stock worth $2,050,000 after purchasing an additional 6,774 shares during the period. Institutional investors own 28.71% of the company’s stock.
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1st Constitution Bancorp 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.
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