1st Constitution Bancorp (NASDAQ:FCCY) Posts Earnings Results

1st Constitution Bancorp (NASDAQ:FCCY) released its quarterly earnings data on Friday. The financial services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01, MarketWatch Earnings reports. 1st Constitution Bancorp had a net margin of 20.23% and a return on equity of 10.98%. The firm had revenue of $13.60 million for the quarter, compared to analyst estimates of $13.48 million.

FCCY opened at $18.20 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.88. The firm’s 50-day moving average price is $18.47. 1st Constitution Bancorp has a fifty-two week low of $16.45 and a fifty-two week high of $23.45. The company has a market capitalization of $157.02 million, a price-to-earnings ratio of 11.67, a P/E/G ratio of 1.44 and a beta of 0.21.

A number of research firms have weighed in on FCCY. DA Davidson began coverage on shares of WillScot in a research note on Tuesday, June 25th. They issued a “buy” rating and a $19.00 price objective on the stock. Sandler O’Neill started coverage on shares of 1st Constitution Bancorp in a research report on Thursday, May 23rd. They set a “buy” rating and a $21.50 price target on the stock. Finally, Zacks Investment Research lowered shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th.

About 1st Constitution Bancorp

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

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