Equities research analysts expect that 1st Constitution Bancorp (NJ) (NASDAQ:FCCY) will post $11.54 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for 1st Constitution Bancorp (NJ)’s earnings. The lowest sales estimate is $11.32 million and the highest is $11.76 million. 1st Constitution Bancorp (NJ) reported sales of $11.09 million in the same quarter last year, which indicates a positive year over year growth rate of 4.1%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 1st.

According to Zacks, analysts expect that 1st Constitution Bancorp (NJ) will report full year sales of $11.54 million for the current financial year, with estimates ranging from $44.88 million to $45.97 million. For the next fiscal year, analysts expect that the business will report sales of $48.93 million per share, with estimates ranging from $46.59 million to $51.26 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow 1st Constitution Bancorp (NJ).

1st Constitution Bancorp (NJ) (NASDAQ:FCCY) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). The business had revenue of $11.48 million for the quarter, compared to the consensus estimate of $12.03 million. 1st Constitution Bancorp (NJ) had a return on equity of 7.79% and a net margin of 16.78%.

A number of equities research analysts recently weighed in on FCCY shares. DA Davidson assumed coverage on shares of 1st Constitution Bancorp (NJ) in a research note on Friday, September 1st. They set a “neutral” rating and a $18.00 price target for the company. Zacks Investment Research upgraded shares of 1st Constitution Bancorp (NJ) from a “sell” rating to a “hold” rating in a report on Monday, September 25th.

1st Constitution Bancorp (NASDAQ:FCCY) traded down $0.11 on Wednesday, hitting $18.24. 4,100 shares of the company were exchanged, compared to its average volume of 15,882. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.89 and a current ratio of 0.90. The company has a market capitalization of $148.14, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 1.78 and a beta of 0.44. 1st Constitution Bancorp has a twelve month low of $15.75 and a twelve month high of $20.85.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Thursday, November 16th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.32%. This is a boost from 1st Constitution Bancorp (NJ)’s previous quarterly dividend of $0.05. 1st Constitution Bancorp (NJ)’s payout ratio is currently 23.76%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in 1st Constitution Bancorp (NJ) by 9.7% during the third quarter. Dimensional Fund Advisors LP now owns 157,397 shares of the financial services provider’s stock valued at $2,857,000 after purchasing an additional 13,934 shares during the period. Vanguard Group Inc. grew its holdings in 1st Constitution Bancorp (NJ) 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. Context BH Capital Management LP grew its holdings in 1st Constitution Bancorp (NJ) by 18.9% during the second quarter. Context BH Capital Management LP now owns 82,254 shares of the financial services provider’s stock valued at $1,452,000 after purchasing an additional 13,091 shares during the period. JPMorgan Chase & Co. grew its holdings in 1st Constitution Bancorp (NJ) 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. Finally, Renaissance Technologies LLC grew its holdings in 1st Constitution Bancorp (NJ) by 20.0% during the first quarter. Renaissance Technologies LLC now owns 65,500 shares of the financial services provider’s stock valued at $1,208,000 after purchasing an additional 10,900 shares during the period. Hedge funds and other institutional investors own 27.88% of the company’s stock.

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1st Constitution Bancorp (NJ) 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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Earnings History and Estimates for 1st Constitution Bancorp (NJ) (NASDAQ:FCCY)

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