1st Constitution Bancorp (NASDAQ:FCCY) – DA Davidson lifted their Q2 2018 earnings per share estimates for shares of 1st Constitution Bancorp in a report released on Monday. DA Davidson analyst R. Gunther now forecasts that the financial services provider will earn $0.33 per share for the quarter, up from their previous estimate of $0.24. DA Davidson also issued estimates for 1st Constitution Bancorp’s Q3 2018 earnings at $0.37 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.36 EPS, Q3 2019 earnings at $0.42 EPS and FY2019 earnings at $1.43 EPS.
FCCY has been the subject of a number of other research reports. Zacks Investment Research cut 1st Constitution Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. ValuEngine upgraded 1st Constitution Bancorp from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.
A number of institutional investors have recently bought and sold shares of FCCY. Dimensional Fund Advisors LP grew its holdings in 1st Constitution Bancorp by 16.2% during the second quarter. Dimensional Fund Advisors LP now owns 143,463 shares of the financial services provider’s stock worth $2,546,000 after purchasing an additional 19,985 shares during the period. Salzhauer Michael grew its holdings in 1st Constitution Bancorp by 6.4% during the fourth quarter. Salzhauer Michael now owns 112,028 shares of the financial services provider’s stock worth $2,050,000 after purchasing an additional 6,774 shares during the period. JPMorgan Chase & Co. grew its holdings in 1st Constitution Bancorp by 108.8% during the second quarter. JPMorgan Chase & Co. now owns 7,582 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 3,951 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of 1st Constitution Bancorp by 174.3% during the fourth quarter. Wells Fargo & Company MN now owns 6,208 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 3,945 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of 1st Constitution Bancorp by 0.8% during the second quarter. Vanguard Group Inc. now owns 193,815 shares of the financial services provider’s stock worth $3,441,000 after acquiring an additional 1,605 shares during the period. Institutional investors and hedge funds own 27.88% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Friday, February 16th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, February 15th. 1st Constitution Bancorp’s payout ratio is currently 28.92%.
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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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