Q2 2018 EPS Estimates for 1st Constitution Bancorp (NJ) Reduced by DA Davidson (FCCY)

1st Constitution Bancorp (NJ) (NASDAQ:FCCY) – Analysts at DA Davidson dropped their Q2 2018 EPS estimates for 1st Constitution Bancorp (NJ) in a report released on Tuesday. DA Davidson analyst R. Gunther now forecasts that the financial services provider will post earnings of $0.24 per share for the quarter, down from their previous estimate of $0.27. DA Davidson has a “Neutral” rating and a $18.00 price target on the stock. DA Davidson also issued estimates for 1st Constitution Bancorp (NJ)’s Q3 2018 earnings at $0.30 EPS.

Separately, Zacks Investment Research cut 1st Constitution Bancorp (NJ) from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 25th.

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1st Constitution Bancorp (NASDAQ:FCCY) traded down $0.15 on Thursday, reaching $17.55. The company had a trading volume of 500 shares, compared to its average volume of 16,938. 1st Constitution Bancorp has a 12-month low of $13.35 and a 12-month high of $20.85. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.85. The firm has a market cap of $142.90, a PE ratio of 17.52, a P/E/G ratio of 1.72 and a beta of 0.44.

1st Constitution Bancorp (NJ) (NASDAQ:FCCY) last posted its earnings results on Thursday, October 26th. The financial services provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). 1st Constitution Bancorp (NJ) had a net margin of 16.78% and a return on equity of 7.88%. The business had revenue of $11.48 million during the quarter, compared to analyst estimates of $12.03 million.

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of 1st Constitution Bancorp (NJ) by 108.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,582 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 3,951 shares during the period. California Public Employees Retirement System acquired a new position in shares of 1st Constitution Bancorp (NJ) during the 1st quarter valued at $253,000. Renaissance Technologies LLC increased its position in shares of 1st Constitution Bancorp (NJ) by 20.0% during the 1st quarter. Renaissance Technologies LLC now owns 65,500 shares of the financial services provider’s stock valued at $1,208,000 after purchasing an additional 10,900 shares during the period. Context BH Capital Management LP increased its position in shares of 1st Constitution Bancorp (NJ) by 18.9% during the 2nd quarter. Context BH Capital Management LP now owns 82,254 shares of the financial services provider’s stock valued at $1,452,000 after purchasing an additional 13,091 shares during the period. Finally, Siena Capital Management LLC increased its position in shares of 1st Constitution Bancorp (NJ) by 19.2% during the 2nd quarter. Siena Capital Management LLC now owns 125,198 shares of the financial services provider’s stock valued at $2,210,000 after purchasing an additional 20,200 shares during the period. Institutional investors own 26.07% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This is a boost from 1st Constitution Bancorp (NJ)’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 1.37%. 1st Constitution Bancorp (NJ)’s dividend payout ratio (DPR) is 19.80%.

1st Constitution Bancorp (NJ) 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.

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

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