1st Constitution Bancorp (FCCY) to Release Earnings on Thursday
1st Constitution Bancorp (NASDAQ:FCCY) is scheduled to be releasing its earnings data on Thursday, October 20th. Analysts expect 1st Constitution Bancorp to post earnings of $0.25 per share for the quarter.
1st Constitution Bancorp (NASDAQ:FCCY) last issued its quarterly earnings data on Friday, July 22nd. The financial services provider reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.05. 1st Constitution Bancorp had a net margin of 18.71% and a return on equity of 8.83%. On average, analysts expect 1st Constitution Bancorp to post $1 EPS for the current fiscal year and $1.05 EPS for the next fiscal year.
1st Constitution Bancorp (NASDAQ:FCCY) opened at 13.45 on Wednesday. The stock has a 50 day moving average of $13.30 and a 200 day moving average of $12.73. 1st Constitution Bancorp has a 12 month low of $11.27 and a 12 month high of $14.08. The company has a market capitalization of $106.95 million, a price-to-earnings ratio of 12.69 and a beta of 0.31.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Wednesday, September 28th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.49%. The ex-dividend date is Monday, September 26th. 1st Constitution Bancorp’s payout ratio is currently 4.74%.
FCCY has been the subject of several research reports. TheStreet downgraded shares of 1st Constitution Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 22nd. Zacks Investment Research raised shares of 1st Constitution Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd.
In other 1st Constitution Bancorp news, Director Edwin J. Pisani purchased 2,700 shares of 1st Constitution Bancorp stock in a transaction that occurred on Tuesday, August 16th. The stock was acquired at an average price of $12.90 per share, with a total value of $34,830.00. Following the transaction, the director now owns 12,100 shares in the company, valued at approximately $156,090. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 20.00% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the company. Bridgeway Capital Management Inc. increased its position in 1st Constitution Bancorp by 28.6% in the second quarter. Bridgeway Capital Management Inc. now owns 26,983 shares of the financial services provider’s stock worth $324,000 after buying an additional 6,000 shares in the last quarter. Banc Funds Co. LLC increased its position in 1st Constitution Bancorp by 0.4% in the second quarter. Banc Funds Co. LLC now owns 738,160 shares of the financial services provider’s stock worth $8,873,000 after buying an additional 3,000 shares in the last quarter. Advisor Group Inc. purchased a new position in 1st Constitution Bancorp during the second quarter worth about $125,000. Vanguard Group Inc. increased its position in 1st Constitution Bancorp by 5.5% in the second quarter. Vanguard Group Inc. now owns 163,461 shares of the financial services provider’s stock worth $1,965,000 after buying an additional 8,482 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in 1st Constitution Bancorp by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 81,705 shares of the financial services provider’s stock worth $982,000 after buying an additional 1,793 shares in the last quarter. 18.12% of the stock is currently owned by hedge funds and other institutional investors.
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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