1st Constitution Bancorp (NASDAQ:FCCY) announced its earnings results on Sunday. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.05), MarketWatch Earnings reports. 1st Constitution Bancorp had a return on equity of 9.18% and a net margin of 19.11%.
Shares of FCCY stock traded up $0.08 during mid-day trading on Tuesday, hitting $18.86. The company’s stock had a trading volume of 901 shares, compared to its average volume of 20,077. The company has a market cap of $193.62 million, a PE ratio of 12.44 and a beta of 0.71. 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 company’s fifty day simple moving average is $18.46 and its 200-day simple moving average is $16.83. 1st Constitution Bancorp has a 52 week low of $10.84 and a 52 week high of $22.47.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 28th. Shareholders of record on Friday, May 14th will be issued a dividend of $0.10 per share. This is an increase from 1st Constitution Bancorp’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, May 13th. 1st Constitution Bancorp’s dividend payout ratio (DPR) 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 price objective on the stock in a research note 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.
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