Shares of 1st Constitution Bancorp (NASDAQ:FCCY) have been assigned an average broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating.
Analysts have set a one year consensus target price of $17.00 for the company and are forecasting that the company will post $0.26 earnings per share for the current quarter, according to Zacks. Zacks has also assigned 1st Constitution Bancorp an industry rank of 25 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded shares of 1st Constitution Bancorp from a “sell” rating to a “hold” rating and set a $20.00 price objective on the stock in a report on Monday, January 1st.
A number of hedge funds and other institutional investors have recently bought and sold shares of FCCY. JPMorgan Chase & Co. raised its holdings in 1st Constitution Bancorp by 108.8% in the second quarter. JPMorgan Chase & Co. now owns 7,582 shares of the financial services provider’s stock valued at $135,000 after buying an additional 3,951 shares during the period. Context BH Capital Management LP raised its holdings in 1st Constitution Bancorp by 18.9% in the second quarter. Context BH Capital Management LP now owns 82,254 shares of the financial services provider’s stock valued at $1,452,000 after buying an additional 13,091 shares during the period. Dimensional Fund Advisors LP raised its holdings in 1st Constitution Bancorp by 16.2% in the second quarter. Dimensional Fund Advisors LP now owns 143,463 shares of the financial services provider’s stock valued at $2,546,000 after buying an additional 19,985 shares during the period. Finally, Vanguard Group Inc. raised its holdings in 1st Constitution Bancorp by 0.8% in the second quarter. Vanguard Group Inc. now owns 193,815 shares of the financial services provider’s stock valued at $3,441,000 after buying an additional 1,605 shares during the period. Hedge funds and other institutional investors own 27.88% of the company’s stock.
1st Constitution Bancorp (FCCY) traded up $0.10 during trading on Wednesday, hitting $18.35. 3,800 shares of the company’s stock traded hands, compared to its average volume of 9,317. 1st Constitution Bancorp has a one year low of $15.75 and a one year high of $20.05. The firm has a market cap of $148.55, a PE ratio of 18.17, a P/E/G ratio of 1.69 and a beta of 0.38. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.90 and a quick ratio of 0.89.
1st Constitution Bancorp (NASDAQ:FCCY) last released its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.01). 1st Constitution Bancorp had a return on equity of 7.79% and a net margin of 16.78%. The firm had revenue of $11.48 million for the quarter, compared to analyst estimates of $12.03 million. equities research analysts predict that 1st Constitution Bancorp will post 1.03 earnings per share for the current fiscal year.
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1st Constitution Bancorp Company Profile
1st Constitution Bancorp is the bank holding company for 1st Constitution Bank (the Bank). The Bank is a commercial bank, which is engaged in the business of commercial and retail banking. The Company operates through the Community Banking segment. The Community Banking segment consists of construction, commercial, retail and mortgage banking operations.
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