NasdaqGM:FCCY

Stock Analysis Report

1st Constitution Bancorp

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.


Similar Companies

Share Price & News

How has 1st Constitution Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.0%

NasdaqGM:FCCY

-0.4%

US Banks

-0.3%

US Market


1 Year Return

-15.7%

NasdaqGM:FCCY

-5.7%

US Banks

3.9%

US Market

FCCY underperformed the Banks industry which returned -7.3% over the past year.

FCCY underperformed the Market in United States of America which returned 3.4% over the past year.


Share holder returns

FCCYIndustryMarket
7 Day2.0%-0.4%-0.3%
30 Day-2.3%2.3%2.3%
90 Day-1.1%-0.3%2.3%
1 Year-14.4%-15.7%-3.1%-5.7%6.2%3.9%
3 Year51.1%45.8%56.9%46.2%46.4%36.7%
5 Year105.0%97.8%63.3%45.8%59.6%41.8%

Price Volatility Vs. Market

How volatile is 1st Constitution Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is 1st Constitution Bancorp undervalued based on future cash flows and its price relative to the stock market?

12.28x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

1st Constitution Bancorp's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

1st Constitution Bancorp's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

1st Constitution Bancorp is good value based on earnings compared to the US Banks industry average.

1st Constitution Bancorp is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

1st Constitution Bancorp is good value based on expected growth next year.


Price Based on Value of Assets

1st Constitution Bancorp is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is 1st Constitution Bancorp expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

21.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

1st Constitution Bancorp's revenue is expected to grow by 12.4% yearly, however this is not considered high growth (20% yearly).

1st Constitution Bancorp's earnings are expected to grow significantly at over 20% yearly.

1st Constitution Bancorp's revenue growth is expected to exceed the United States of America market average.

1st Constitution Bancorp's earnings growth is expected to exceed the United States of America market average.

1st Constitution Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

1st Constitution Bancorp is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has 1st Constitution Bancorp performed over the past 5 years?

14.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

1st Constitution Bancorp's year on year earnings growth rate has been positive over the past 5 years.

1st Constitution Bancorp's 1-year earnings growth exceeds its 5-year average (60.8% vs 14.7%)

1st Constitution Bancorp's earnings growth has exceeded the US Banks industry average in the past year (60.8% vs 40.8%).


Return on Equity

1st Constitution Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

1st Constitution Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if 1st Constitution Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is 1st Constitution Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

1st Constitution Bancorp has an acceptable proportion of non-loan assets held.

1st Constitution Bancorp has a sufficient allowance for bad loans.

1st Constitution Bancorp's liabilities are made up of primarily low risk sources of funding.

1st Constitution Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at 1st Constitution Bancorp are broadly funded by customer deposits.

1st Constitution Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is 1st Constitution Bancorp's current dividend yield, its reliability and sustainability?

1.67%

Expected Dividend Yield


Dividend Yield and Payments Analysis

1st Constitution Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).

1st Constitution Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).

Whilst dividend payments have been stable, 1st Constitution Bancorp has been paying a dividend for less than 10 years.

Dividend payments have increased, but 1st Constitution Bancorp only paid a dividend in the past 3 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (5.2x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (6x coverage).


Next Steps

Management

What is the CEO of 1st Constitution Bancorp's salary, the management and board of directors tenure and is there insider trading?

5.0yrs

Average management tenure


CEO

Robert Mangano (73yo)

US$1,541,840

Compensation

Mr. Robert F. Mangano serves as the Chief Executive Officer and President at 1st Constitution Bancorp and 1st Constitution Bank, a subsidiary of 1st Constitution Bancorp. Mr. Mangano serves as Treasurer of ...


CEO Compensation Analysis

Robert's remuneration is higher than average for companies of similar size in United States of America.

Robert's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.0yrs

Average Tenure

67yo

Average Age

The average tenure for the 1st Constitution Bancorp management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

3.1yrs

Average Tenure

70yo

Average Age

The tenure for the 1st Constitution Bancorp board of directors is about average.


Insider Trading

No 3 month individual insider trading information.


Recent Insider Transactions

SellUS$38,07707 Feb 19
John Andreacio
EntityIndividual
Role
Executive VP and Chief Lending & Credit Officer
Shares2,000
Max PriceUS$19.45
BuyUS$99,03829 Nov 18
William Rue
EntityIndividual
Role
Corporate Secretary & Director
Member of the Board of Directors
Shares5,000
Max PriceUS$20.52
BuyUS$10,89823 Aug 18
Carmen Penta
EntityIndividual
Role
Member of the Board of Directors
Shares500
Max PriceUS$21.80
BuyUS$111,12131 Jul 18
James Aaron
EntityIndividual
Role
Member of the Board of Directors
Shares5,000
Max PriceUS$22.27

Ownership Breakdown


Management Team

  • Nick Naqvi (62yo)

    Senior VP & Chief Accounting Officer

    • Tenure: 1.2yrs
  • Bill Rue (71yo)

    Corporate Secretary & Director

    • Compensation: $35.55k
  • Robert Mangano (73yo)

    President

    • Compensation: $1.54m
  • Steve Gilhooly (67yo)

    Senior VP

    • Tenure: 5.3yrs
    • Compensation: $344.39k
  • John Andreacio (56yo)

    Executive VP and Chief Lending & Credit Officer

    • Tenure: 4.8yrs
    • Compensation: $571.52k
  • Dorine Nicol

    Senior VP & Human Resources Director of 1st Constitution Bank

    • Tenure: 15.8yrs

Board Members

  • Bill Rue (71yo)

    Corporate Secretary & Director

    • Tenure: 20.5yrs
    • Compensation: $35.55k
  • James Aaron (74yo)

    Director

    • Tenure: 3.1yrs
    • Compensation: $37.70k
  • J. Cannon (72yo)

    Director

    • Tenure: 3.1yrs
    • Compensation: $32.46k
  • Antonio Cruz (63yo)

    Director

    • Tenure: 3.1yrs
    • Compensation: $35.82k
  • Robert Mangano (73yo)

    President

    • Tenure: 20.4yrs
    • Compensation: $1.54m
  • Roy Tartaglia (68yo)

    Director

    • Tenure: 3.1yrs
    • Compensation: $40.39k
  • William Barrett (63yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: $33.37k
  • Charles Crow (69yo)

    Chairman of the Board

    • Tenure: 14.3yrs
    • Compensation: $62.26k
  • Carmen Penta (75yo)

    Director

    • Tenure: 2.5yrs
    • Compensation: $38.24k
  • Edwin Pisani (69yo)

    Director

    • Tenure: 3.1yrs
    • Compensation: $50.58k

Company Information

1st Constitution Bancorp's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: 1st Constitution Bancorp
  • Ticker: FCCY
  • Exchange: NasdaqGM
  • Founded: 1989
  • Industry: regional banks
  • Sector: banks
  • Market Cap: US$157.887m
  • Shares outstanding: 8.63m
  • Website: Click here

Number of Employees


Location

  • 1st Constitution Bancorp
  • 2650 Route 130
  • PO Box 634
  • Cranbury
  • New Jersey
  • 8512
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FCCYNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDSep 1997
1JBDB (Deutsche Boerse AG)YesCommon StockDEEURSep 1997

Biography

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. T ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/18 23:38
End of Day Share Price2019/07/18 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.