Media stories about 1st Constitution Bancorp (NASDAQ:FCCY) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. 1st Constitution Bancorp earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 44.4266320371685 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of research firms have commented on FCCY. ValuEngine cut 1st Constitution Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 26th. Zacks Investment Research upgraded 1st Constitution Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Tuesday, April 24th.
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1st Constitution Bancorp traded up $0.15, reaching $22.15, during midday trading on Friday, Marketbeat Ratings reports. The company’s stock had a trading volume of 32,547 shares, compared to its average volume of 15,192. 1st Constitution Bancorp has a 52-week low of $16.15 and a 52-week high of $27.00. The stock has a market cap of $185.25 million, a PE ratio of 20.90, a price-to-earnings-growth ratio of 1.59 and a beta of 0.38. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.88 and a current ratio of 0.88.
1st Constitution Bancorp (NASDAQ:FCCY) last announced its quarterly earnings data on Monday, April 23rd. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.02. 1st Constitution Bancorp had a return on equity of 8.88% and a net margin of 15.24%. The firm had revenue of $11.56 million during the quarter, compared to analysts’ expectations of $11.97 million. sell-side analysts predict that 1st Constitution Bancorp will post 1.39 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 23rd. Stockholders of record on Friday, May 11th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, May 10th. 1st Constitution Bancorp’s payout ratio is 22.64%.
In other news, Director Charles S. Crow III acquired 2,508 shares of 1st Constitution Bancorp stock in a transaction dated Monday, May 14th. The stock was purchased at an average cost of $21.28 per share, for a total transaction of $53,370.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 14.61% of the company’s stock.
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 and northeastern New Jersey areas. 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, as well as certificates of deposit.