1st Constitution Bancorp Expected to Post Q2 2018 Earnings of $0.33 Per Share (FCCY)

1st Constitution Bancorp (NASDAQ:FCCY) – Stock analysts at DA Davidson upped their Q2 2018 EPS estimates for shares of 1st Constitution Bancorp in a research note issued on Monday. DA Davidson analyst R. Gunther now expects that the financial services provider will earn $0.33 per share for the quarter, up from their previous forecast of $0.24. DA Davidson also issued estimates for 1st Constitution Bancorp’s Q3 2018 earnings at $0.37 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.36 EPS, Q3 2019 earnings at $0.42 EPS and FY2019 earnings at $1.43 EPS.

Other analysts have also issued research reports about the company. ValuEngine raised 1st Constitution Bancorp from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research lowered 1st Constitution Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st.

Shares of 1st Constitution Bancorp (FCCY) remained flat at $$19.25 on Thursday. The company’s stock had a trading volume of 3,600 shares, compared to its average volume of 8,231. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.73. 1st Constitution Bancorp has a 1 year low of $16.15 and a 1 year high of $20.05. The company has a market cap of $155.60, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 1.67 and a beta of 0.43.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Friday, February 16th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, February 15th. 1st Constitution Bancorp’s dividend payout ratio is presently 28.92%.

Large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in 1st Constitution Bancorp by 108.8% during 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 during the period. Dimensional Fund Advisors LP grew its holdings in 1st Constitution Bancorp by 16.2% during the second quarter. Dimensional Fund Advisors LP now owns 143,463 shares of the financial services provider’s stock valued at $2,546,000 after purchasing an additional 19,985 shares during the period. Finally, Vanguard Group Inc. grew its holdings in 1st Constitution Bancorp by 0.8% during the second quarter. Vanguard Group Inc. now owns 193,815 shares of the financial services provider’s stock valued at $3,441,000 after purchasing an additional 1,605 shares during the period. 27.88% of the stock is owned by institutional investors and hedge funds.

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About 1st Constitution Bancorp

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 (NASDAQ:FCCY)

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