Equities analysts predict that 1st Constitution Bancorp (NASDAQ:FCCY) will post $13.48 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for 1st Constitution Bancorp’s earnings. The lowest sales estimate is $13.31 million and the highest is $13.65 million. 1st Constitution Bancorp reported sales of $11.74 million during the same quarter last year, which indicates a positive year-over-year growth rate of 14.8%. The business is scheduled to issue its next earnings results on Friday, February 1st.
On average, analysts expect that 1st Constitution Bancorp will report full year sales of $51.85 million for the current financial year, with estimates ranging from $51.48 million to $52.23 million. For the next fiscal year, analysts anticipate that the firm will report sales of $55.47 million, with estimates ranging from $54.66 million to $56.29 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover 1st Constitution Bancorp.
1st Constitution Bancorp (NASDAQ:FCCY) last released its earnings results on Friday, October 19th. The financial services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.07. 1st Constitution Bancorp had a net margin of 16.34% and a return on equity of 10.76%. The business had revenue of $13.55 million during the quarter, compared to analysts’ expectations of $13.28 million.
In other news, Director William M. Rue acquired 5,000 shares of the company’s stock in a transaction on Tuesday, November 27th. The shares were bought at an average cost of $19.81 per share, with a total value of $99,050.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 14.61% of the company’s stock.
Several large investors have recently made changes to their positions in the business. Bessemer Group Inc. increased its position in shares of 1st Constitution Bancorp by 86.5% in the 3rd quarter. Bessemer Group Inc. now owns 6,900 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 3,200 shares during the last quarter. Vanguard Group Inc. increased its position in shares of 1st Constitution Bancorp by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 242,328 shares of the financial services provider’s stock valued at $5,016,000 after purchasing an additional 3,956 shares during the last quarter. Vanguard Group Inc increased its position in shares of 1st Constitution Bancorp by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 242,328 shares of the financial services provider’s stock valued at $5,016,000 after purchasing an additional 3,956 shares during the last quarter. BlackRock Inc. increased its position in shares of 1st Constitution Bancorp by 3.3% in the 3rd quarter. BlackRock Inc. now owns 350,650 shares of the financial services provider’s stock valued at $7,258,000 after purchasing an additional 11,139 shares during the last quarter. Finally, Martingale Asset Management L P purchased a new stake in shares of 1st Constitution Bancorp in the 3rd quarter valued at approximately $249,000. 33.73% of the stock is currently owned by institutional investors.
FCCY traded up $0.27 during trading hours on Friday, hitting $19.70. 1,476 shares of the company’s stock were exchanged, compared to its average volume of 6,645. 1st Constitution Bancorp has a 12-month low of $16.45 and a 12-month high of $27.00. The company has a market cap of $163.29 million, a P/E ratio of 18.58, a PEG ratio of 1.49 and a beta of 0.34. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.95.
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 and northeastern New Jersey areas. The company offers deposit products, including interest bearing demand deposits, such as interest-bearing checking accounts, money market accounts, and NOW accounts; and non-interest bearing demand, savings, and time deposits, as well as certificates of deposit.
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