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 posted its quarterly earnings data on Friday, July 22nd. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ 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.
Shares of 1st Constitution Bancorp (NASDAQ:FCCY) opened at 13.45 on Wednesday. The company has a market capitalization of $106.95 million, a PE ratio of 12.69 and a beta of 0.31. 1st Constitution Bancorp has a 1-year low of $11.27 and a 1-year high of $14.08. The stock’s 50 day moving average price is $13.30 and its 200-day moving average price is $12.73.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Wednesday, September 28th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, September 26th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.49%. 1st Constitution Bancorp’s dividend payout ratio is presently 4.74%.
FCCY has been the subject of a number of recent analyst reports. TheStreet downgraded 1st Constitution Bancorp from a “strong-buy” rating to a “hold” rating in a report on Friday, July 22nd. Zacks Investment Research upgraded 1st Constitution Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd.
In other news, Director Edwin J. Pisani acquired 2,700 shares of the firm’s stock in a transaction on Tuesday, August 16th. The stock was acquired at an average price of $12.90 per share, for a total transaction of $34,830.00. Following the completion of the acquisition, the director now owns 12,100 shares in the company, valued at $156,090. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.00% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. 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 during the period. 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 during the period. 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 during the period. 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 during the period. Finally, Advisor Group Inc. purchased a new position in 1st Constitution Bancorp during the second quarter worth about $125,000. Institutional investors and hedge funds own 18.12% of the company’s stock.
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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