Comparison of 1st Constitution Bancorp (FCCY) and Washington Trust Bancorp Inc. (NASDAQ:WASH)

1st Constitution Bancorp (NASDAQ:FCCY) and Washington Trust Bancorp Inc. (NASDAQ:WASH) have been rivals in the Regional – Northeast Banks for quite some time. Below is a review of each business including various aspects such as analyst recommendations, profitability, risk, dividends, earnings and valuation, institutional ownership.

Earnings & Valuation

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
1st Constitution Bancorp 50.22M 3.21 12.05M 1.40 13.25
Washington Trust Bancorp Inc. 192.85M 4.55 68.29M 3.93 13.31

In table 1 we can see 1st Constitution Bancorp and Washington Trust Bancorp Inc.’s gross revenue, earnings per share and valuation. Washington Trust Bancorp Inc. seems to has higher revenue and earnings compared to 1st Constitution Bancorp. The company with a lower P/E ratio is presently more affordable of the two stocks. 1st Constitution Bancorp’s current P/E ratio is lower than that of Washington Trust Bancorp Inc., which means that it is the affordable of the two.

Profitability

Table 2 demonstrates the return on equity, net margins and return on assets of 1st Constitution Bancorp and Washington Trust Bancorp Inc.

Net Margins Return on Equity Return on Assets
1st Constitution Bancorp 23.99% 6.6% 0.7%
Washington Trust Bancorp Inc. 35.41% 16% 1.4%

Volatility & Risk

1st Constitution Bancorp is 78.00% less volatile than Standard and Poor’s 500 because the company has a beta of 0.22. Competitively, Washington Trust Bancorp Inc.’s 34.00% volatility makes it less volatile than Standard and Poor’s 500, because of the 0.66 beta.

Dividends

1st Constitution Bancorp pays out $0.27 per share annually while its annual dividend yield is 1.44%. The dividend yield for Washington Trust Bancorp Inc. is 3.48% while its annual dividend payout is $1.76 per share.

Analyst Ratings

In next table is given 1st Constitution Bancorp and Washington Trust Bancorp Inc.’s ratings and recommendations.

Sell Ratings Hold Ratings Buy Ratings Rating Score
1st Constitution Bancorp 0 0 0 0.00
Washington Trust Bancorp Inc. 0 1 0 2.00

Institutional & Insider Ownership

The shares of both 1st Constitution Bancorp and Washington Trust Bancorp Inc. are owned by institutional investors at 36.1% and 60.3% respectively. 9.2% are 1st Constitution Bancorp’s share held by insiders. Insiders Competitively, held 0.7% of Washington Trust Bancorp Inc. shares.

Performance

In this table we show the Weekly, Monthly, Quarterly, Half Yearly, Yearly and YTD Performance of both pretenders.

Performance (W) Performance (M) Performance (Q) Performance (HY) Performance (Y) Performance (YTD)
1st Constitution Bancorp 1.09% -4.38% -7.38% -12.61% -5.26% -6.82%
Washington Trust Bancorp Inc. -1.17% 0.61% 0.4% -12.22% -0.36% 10.16%

For the past year 1st Constitution Bancorp has -6.82% weaker performance while Washington Trust Bancorp Inc. has 10.16% stronger performance.

Summary

On 16 of the 15 factors Washington Trust Bancorp Inc. beats 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 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. 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, 2017, the company operated through 17 branch offices, as well as 2 residential mortgage loan production offices in New Jersey. 1st Constitution Bancorp was founded in 1989 and is based in Cranbury, New Jersey.