Momentum Stock Watch: 1st Constitution Bancorp (FCCY)

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 and money market 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. As of February 2, 2017, the company operated through 19 banking offices. 1st Constitution Bancorp was founded in 1989 and is based in Cranbury, New Jersey.

Recent News:

The company reported net income of $1.9 million and diluted earnings per share of $0.23 for the three months ended June 30, 2017. For the six months ended June 30, 2017, net income was $3.9 million and diluted earnings per share were $0.47.

On June 23, 2017, the company announced that its Board of Directors has declared a cash dividend of $0.05 per common share. The cash dividend will be paid on July 25, 2017 to all shareholders of record as of the close of business on July 3, 2017.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

FCCY’s strengths can be seen in its better growth and better profitability compared with its peers. Technical indicators signal the bullish signs, as there is a bullish cross in MACD and Stochastic Oscillator. RSI stands at 56.25 with positive bias. We rate 1st Constitution Bancorp (FCCY) a STRONG BUY.

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