1st Constitution Bancorp (NASDAQ:FCCY) Announces Earnings Results, Beats Expectations By $0.01 EPS

1st Constitution Bancorp (NASDAQ:FCCY) issued its quarterly earnings results on Friday. The financial services provider reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01, MarketWatch Earnings reports. The business had revenue of $13.60 million for the quarter, compared to analyst estimates of $13.48 million. 1st Constitution Bancorp had a return on equity of 11.17% and a net margin of 22.00%.

Shares of FCCY opened at $18.20 on Monday. The company has a market capitalization of $157.02 million, a price-to-earnings ratio of 11.67, a PEG ratio of 1.44 and a beta of 0.22. The company has a fifty day moving average price of $18.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.88 and a current ratio of 0.88. 1st Constitution Bancorp has a 1 year low of $16.45 and a 1 year high of $23.45.

A number of analysts recently commented on the company. Sandler O’Neill started coverage on 1st Constitution Bancorp in a report on Thursday, May 23rd. They set a “buy” rating and a $21.50 price target on the stock. Zacks Investment Research lowered Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. Finally, DA Davidson started coverage on WillScot in a research note on Tuesday, June 25th. They issued a “buy” rating and a $19.00 target price on the stock.

About 1st Constitution Bancorp

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

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