1st Constitution Bancorp (NASDAQ:FCCY) Announces Quarterly Earnings Results, Misses Expectations By $0.05 EPS


Share on StockTwits

1st Constitution Bancorp (NASDAQ:FCCY) released its quarterly earnings results on Sunday. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.05), MarketWatch Earnings reports. 1st Constitution Bancorp had a net margin of 19.11% and a return on equity of 9.18%.

1st Constitution Bancorp stock traded down $0.03 during midday trading on Tuesday, hitting $18.75. 618 shares of the company were exchanged, compared to its average volume of 20,077. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.97 and a current ratio of 0.98. The business has a fifty day simple moving average of $18.46 and a two-hundred day simple moving average of $16.83. 1st Constitution Bancorp has a fifty-two week low of $10.84 and a fifty-two week high of $22.47. The firm has a market capitalization of $192.49 million, a PE ratio of 12.44 and a beta of 0.71.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 28th. Shareholders of record on Friday, May 14th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.13%. This is a boost from 1st Constitution Bancorp’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, May 13th. 1st Constitution Bancorp’s payout ratio is presently 21.43%.

Separately, Zacks Investment Research raised 1st Constitution Bancorp from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Friday, February 5th.

1st Constitution Bancorp Company Profile

1st Constitution Bancorp operates as the bank holding company for 1st Constitution Bank that provides commercial and retail banking products and 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 NOW accounts; and non-interest bearing demand, savings, and time deposits.

Recommended Story: Treasury Bonds

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

Receive News & Ratings for 1st Constitution Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 1st Constitution Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.