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.
Flawless balance sheet with proven track record.
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
Stable Share Price: FCCY has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FCCY matched the US Banks industry which returned 9.7% over the past year.
Return vs Market: FCCY underperformed the US Market which returned 19.4% over the past year.
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
1 week ago | Simply Wall StThere's A Lot To Like About 1st Constitution Bancorp's (NASDAQ:FCCY) Upcoming US$0.09 Dividend
2 weeks ago | Simply Wall StHow Many 1st Constitution Bancorp (NASDAQ:FCCY) Shares Have Insiders Sold, In The Last Year?
1 month ago | Simply Wall StThe 1st Constitution Bancorp (NASDAQ:FCCY) Share Price Has Gained 116%, So Why Not Pay It Some Attention?
Is 1st Constitution Bancorp undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FCCY ($20.6) is trading below our estimate of fair value ($21.52)
Significantly Below Fair Value: FCCY is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FCCY is poor value based on its PE Ratio (13.4x) compared to the Banks industry average (12.6x).
PE vs Market: FCCY is good value based on its PE Ratio (13.4x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: FCCY is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: FCCY is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1.2x).
How is 1st Constitution Bancorp forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FCCY's forecast earnings growth (15.2% per year) is above the savings rate (1.7%).
Earnings vs Market: FCCY's earnings (15.2% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: FCCY's earnings are forecast to grow, but not significantly.
Revenue vs Market: FCCY's revenue (11.2% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: FCCY's revenue (11.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FCCY's Return on Equity is forecast to be low in 3 years time (9.9%).
How has 1st Constitution Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FCCY has high quality earnings.
Growing Profit Margin: FCCY's current net profit margins (25.1%) are higher than last year (24%).
Past Earnings Growth Analysis
Earnings Trend: FCCY's earnings have grown by 13.5% per year over the past 5 years.
Accelerating Growth: FCCY's earnings growth over the past year (13.2%) is below its 5-year average (13.5% per year).
Earnings vs Industry: FCCY earnings growth over the past year (13.2%) exceeded the Banks industry 12.3%.
Return on Equity
High ROE: FCCY's Return on Equity (8%) is considered low.
Return on Assets
Return on Capital Employed
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
Inventory Level: FCCY has a low level of unsold assets or inventory.
Debt Coverage by Assets: FCCY's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: FCCY's level of assets compared to its equity is low.
Allowance for Bad Loans: FCCY has a sufficient allowance for bad loans.
Low Risk Liabilities: FCCY's liabilities are made up of primarily low risk sources of funding.
Loan Level: FCCY has an acceptable proportion of non-loan assets held.
Low Risk Deposits: FCCY's loans are broadly funded by customer deposits.
Level of Bad Loans: FCCY has an appropriate level of bad loans (0.37%)
What is 1st Constitution Bancorp's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: FCCY's dividend (1.75%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: FCCY's dividend (1.75%) is low compared to the top 25% of dividend payers in the US market (3.7%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, FCCY has been paying a dividend for less than 10 years.
Growing Dividend: FCCY's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (20.5%), FCCY's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FCCY's dividends in 3 years are forecast to be well covered by earnings (19.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Robert Mangano (73yo)
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
Compensation vs Market: Robert's total compensation ($USD1.54M) is above average for companies of similar size in the US market ($USD1.11M).
Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.
|Senior VP||5.8yrs||US$344.39k||0.11% $237.4k|
|Executive VP and Chief Lending & Credit Officer||5.4yrs||US$571.52k||0.19% $394.6k|
|Corporate Secretary & Director||21.1yrs||US$35.55k||2.48% $5.2m|
|Senior VP & Chief Accounting Officer||1.8yrs||no data||0.033% $69.7k|
|Senior VP & Human Resources Director of 1st Constitution Bank||16.4yrs||no data||no data|
Experienced Management: FCCY's management team is seasoned and experienced (5.6 years average tenure).
|Corporate Secretary & Director||21.1yrs||US$35.55k||2.48% $5.2m|
|Independent Director||3.7yrs||US$40.39k||0.82% $1.7m|
|Independent Director||3.7yrs||US$37.70k||0.20% $421.8k|
|Chairman of the Board||14.9yrs||US$62.26k||0.99% $2.1m|
|Independent Director||3.1yrs||US$38.24k||0.086% $180.8k|
|Independent Director||3.7yrs||US$32.46k||0.056% $117.1k|
|Independent Director||3.7yrs||US$35.82k||1.32% $2.8m|
|Independent Director||3.7yrs||US$50.58k||0.24% $498.7k|
|Independent Director||2.9yrs||US$33.37k||0.021% $43.1k|
Experienced Board: FCCY's board of directors are considered experienced (3.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.7%.
1st Constitution Bancorp's company bio, employee growth, exchange listings and data sources
- Name: 1st Constitution Bancorp
- Ticker: FCCY
- Exchange: NasdaqGM
- Founded: 1989
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$209.031m
- Shares outstanding: 10.19m
- Website: https://www.1stconstitution.com
Number of Employees
- 1st Constitution Bancorp
- 2650 Route 130
- PO Box 634
- New Jersey
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FCCY||NasdaqGM (Nasdaq Global Market)||Yes||Common Stock||US||USD||Sep 1997|
|1JB||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Sep 1997|
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. It also provides commercial loans, including term loans, lines of credit, and loans secured by equipment and receivables; secured and unsecured short-to-medium term commercial loans to businesses for working capital, business expansion, and the purchase of equipment and machinery; and construction loans to real estate developers for the acquisition, development, and construction of residential and commercial properties. In addition, the company offers residential first mortgage loans secured by owner-occupied property; construction loans; reverse mortgages; second mortgage home improvement loans; home equity lines of credit; and non-residential consumer loans for automobiles, recreation vehicles, and boats, as well as secured and unsecured personal loans, and deposit account secured loans. It serves corporations, individuals, partnerships, and other community organizations, as well as small businesses and not-for-profit organizations. As of December 31, 2018, the company operated through 19 additional branch offices in Asbury Park, Cranbury, Fair Haven, Fort Lee, Freehold, Hamilton Square, Hightstown, Hillsborough, Hopewell, Jamesburg, Lawrenceville, Little Silver, Neptune City, Perth Amboy, Plainsboro, Skillman, Princeton, Rumson, and Shrewsbury, New Jersey; and 2 residential mortgage loan production offices in Forked River and Jersey City, New Jersey. 1st Constitution Bancorp was founded in 1989 and is based in Cranbury, New Jersey.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/19 00:04|
|End of Day Share Price||2020/02/18 00:00|
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.