1st Constitution Bancorp (NASDAQ:FCCY) – Research analysts at DA Davidson dropped their Q2 2019 earnings per share (EPS) estimates for shares of 1st Constitution Bancorp in a research note issued to investors on Monday, June 24th, according to Zacks Investment Research. DA Davidson analyst R. Gunther now expects that the financial services provider will post earnings of $0.38 per share for the quarter, down from their prior forecast of $0.39. DA Davidson has a “Neutral” rating and a $18.09 price target on the stock. DA Davidson also issued estimates for 1st Constitution Bancorp’s Q3 2019 earnings at $0.40 EPS, Q1 2020 earnings at $0.43 EPS, Q2 2020 earnings at $0.47 EPS, FY2020 earnings at $1.85 EPS, Q1 2021 earnings at $0.44 EPS and FY2021 earnings at $2.00 EPS.
1st Constitution Bancorp (NASDAQ:FCCY) last released its quarterly earnings data on Friday, April 19th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. 1st Constitution Bancorp had a return on equity of 10.98% and a net margin of 20.23%. The business had revenue of $13.09 million for the quarter, compared to analysts’ expectations of $13.18 million.
NASDAQ:FCCY traded up $0.13 during mid-day trading on Wednesday, hitting $18.30. The company had a trading volume of 15,689 shares, compared to its average volume of 7,607. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $157.80 million, a price-to-earnings ratio of 11.73, a P/E/G ratio of 1.45 and a beta of 0.21. 1st Constitution Bancorp has a fifty-two week low of $16.45 and a fifty-two week high of $23.45. The company has a fifty day moving average price of $18.50.
A number of hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its holdings in shares of 1st Constitution Bancorp by 524.5% in the first quarter. BNP Paribas Arbitrage SA now owns 1,580 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 1,327 shares in the last quarter. Bank of America Corp DE lifted its stake in 1st Constitution Bancorp by 86.0% in the fourth quarter. Bank of America Corp DE now owns 5,756 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 2,662 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of 1st Constitution Bancorp during the first quarter worth $113,000. Bessemer Group Inc. lifted its position in shares of 1st Constitution Bancorp by 26.1% during the fourth quarter. Bessemer Group Inc. now owns 8,700 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 1,800 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in shares of 1st Constitution Bancorp during the fourth quarter worth $223,000. 34.39% of the stock is currently owned by institutional investors and hedge funds.
1st Constitution Bancorp Company Profile
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.
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