1st Constitution Bancorp (FCCY) and TrustCo Bank Corp NY (NASDAQ:TRST) Contrasting side by side

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

Valuation and Earnings

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
1st Constitution Bancorp 51.67M 3.16 12.59M 1.40 13.25
TrustCo Bank Corp NY 177.74M 4.24 61.20M 0.64 13.22

Table 1 demonstrates 1st Constitution Bancorp and TrustCo Bank Corp NY’s gross revenue, earnings per share (EPS) and valuation. TrustCo Bank Corp NY is observed to has lower earnings, but higher revenue than 1st Constitution Bancorp. The business that Currently has a higher price-to-earnings ratio is considered the more expensive of the two businesses. 1st Constitution Bancorp’s shares have been trading at higher price-to-earnings ratio which means it is presently more expensive than TrustCo Bank Corp NY.

Profitability

Table 2 provides us the return on equity, return on assets and net margins of both companies.

Net Margins Return on Equity Return on Assets
1st Constitution Bancorp 24.37% 6.6% 0.7%
TrustCo Bank Corp NY 34.43% 10.7% 1%

Risk & Volatility

A 0.22 beta means 1st Constitution Bancorp’s volatility is 78.00% less than Standard and Poor’s 500’s volatility. TrustCo Bank Corp NY has a 1.13 beta and it is 13.00% more volatile than Standard and Poor’s 500.

Dividends

1st Constitution Bancorp pays out an annual dividend of $0.28 per share while its dividend yield is 1.52%. TrustCo Bank Corp NY has an annual dividend pay of $0.27 per share while its annual dividend yield is 3.5%.

Insider & Institutional Ownership

1st Constitution Bancorp and TrustCo Bank Corp NY has shares held by institutional investors as follows: 36.1% and 65.3%. 1st Constitution Bancorp’s share held by insiders are 9.2%. Competitively, insiders own roughly 1.9% of TrustCo Bank Corp NY’s shares.

Performance

Here are 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%
TrustCo Bank Corp NY -1.18% 8.38% 8.38% -8.09% -0.47% 22.59%

For the past year 1st Constitution Bancorp had bearish trend while TrustCo Bank Corp NY had bullish trend.

Summary

On 9 of the 14 factors TrustCo Bank Corp NY 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.

TrustCo Bank Corp NY operates as the holding company for Trustco Bank that provides personal and business banking services to individuals, partnerships, and corporations. The company is primarily involved in accepting deposits, and making loans and investments. It also operates as a real estate investment trust that acquires, holds, and manages real estate mortgage assets, including residential mortgage loans and mortgage backed securities. In addition, the company serves as the executor of estates and trustee of personal trusts; provides asset and wealth management, estate planning and related advice, and custodial services; and acts as trustee for various types of employee benefit plans, and corporate pension and profit sharing trusts. As of December 31, 2016, it operated 145 offices and 157 automatic teller machines in New York, Vermont, Massachusetts, New Jersey, and Florida. The company was founded in 1902 and is headquartered in Glenville, New York.

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