Financial Review: 1st Constitution Bancorp (NASDAQ:FCCY) versus BofI (NASDAQ:BOFI)

1st Constitution Bancorp (NASDAQ:FCCY) and BofI (NASDAQ:BOFI) are both finance companies, but which is the better stock? We will contrast the two businesses based on the strength of their risk, analyst recommendations, profitability, institutional ownership, earnings, valuation and dividends.

Dividends

1st Constitution Bancorp pays an annual dividend of $0.30 per share and has a dividend yield of 1.6%. BofI does not pay a dividend. 1st Constitution Bancorp pays out 19.2% of its earnings in the form of a dividend.

Analyst Recommendations

This is a summary of current ratings and recommmendations for 1st Constitution Bancorp and BofI, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
1st Constitution Bancorp 0 1 1 0 2.50
BofI 0 0 0 0 N/A

1st Constitution Bancorp presently has a consensus target price of $19.80, suggesting a potential upside of 3.53%.

Earnings & Valuation

This table compares 1st Constitution Bancorp and BofI’s top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
1st Constitution Bancorp $59.39 million 2.78 $12.05 million $1.56 12.26
BofI N/A N/A N/A N/A N/A

1st Constitution Bancorp has higher revenue and earnings than BofI.

Institutional & Insider Ownership

35.8% of 1st Constitution Bancorp shares are owned by institutional investors. Comparatively, 75.3% of BofI shares are owned by institutional investors. 14.6% of 1st Constitution Bancorp shares are owned by insiders. Comparatively, 6.5% of BofI shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Profitability

This table compares 1st Constitution Bancorp and BofI’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
1st Constitution Bancorp 22.00% 11.00% 1.17%
BofI N/A N/A N/A

Summary

1st Constitution Bancorp beats BofI on 7 of the 9 factors compared between the two stocks.

About 1st Constitution Bancorp

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. It also provides commercial loans, including term loans, lines of credit, and loans secured by equipment and receivables; secured and unsecured short-to-medium term commercial loans to businesses for working capital, business expansion, and the purchase of equipment and machinery; and construction loans to real estate developers for the acquisition, development, and construction of residential and commercial properties. In addition, the company offers residential first mortgage loans secured by owner-occupied property; construction loans; reverse mortgages; second mortgage home improvement loans; home equity lines of credit; and non-residential consumer loans for automobiles, recreation vehicles, and boats, as well as secured and unsecured personal loans, and deposit account secured loans. It serves corporations, individuals, partnerships, and other community organizations, as well as small businesses and not-for-profit organizations. As of December 31, 2018, the company operated through 19 additional branch offices in Asbury Park, Cranbury, Fair Haven, Fort Lee, Freehold, Hamilton Square, Hightstown, Hillsborough, Hopewell, Jamesburg, Lawrenceville, Little Silver, Neptune City, Perth Amboy, Plainsboro, Skillman, Princeton, Rumson, and Shrewsbury, New Jersey; and 2 residential mortgage loan production offices in Forked River and Jersey City, New Jersey. 1st Constitution Bancorp was founded in 1989 and is based in Cranbury, New Jersey.

About BofI

BofI Holding, Inc. operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured and commercial lending products; specialty finance factoring products; prime loans to customers secured by new and used automobiles; and term unsecured personal loans to individual borrowers, as well as overdraft lines of credit. In addition, the company offers prepaid card and refund transfer, debit card or ATM card, portfolio management, online bill payment, money transfer, overdraft protection, online and mobile banking, and text message banking services. BofI Holding, Inc. was incorporated in 1999 and is based in San Diego, California.

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