1st Constitution Bancorp (NASDAQ:FCCY) announced its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.05, Bloomberg Earnings reports. The firm had revenue of $13.72 million during the quarter, compared to the consensus estimate of $13.27 million. 1st Constitution Bancorp had a net margin of 21.02% and a return on equity of 10.76%.
1st Constitution Bancorp stock traded up $0.07 during mid-day trading on Friday, reaching $19.33. The company had a trading volume of 16,900 shares, compared to its average volume of 8,964. The stock’s 50-day simple moving average is $19.00 and its 200-day simple moving average is $18.42. The company has a market capitalization of $167.46 million, a P/E ratio of 12.39 and a beta of 0.25. 1st Constitution Bancorp has a 1 year low of $16.47 and a 1 year high of $20.65. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.97 and a quick ratio of 0.96.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, October 25th were issued a $0.075 dividend. The ex-dividend date was Thursday, October 24th. This represents a $0.30 dividend on an annualized basis and a yield of 1.55%. 1st Constitution Bancorp’s dividend payout ratio (DPR) is presently 19.23%.
FCCY has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of 1st Constitution Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 22nd. ValuEngine upgraded shares of 1st Constitution Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 23rd.
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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