1st Constitution Bancorp (NASDAQ:FCCY) has been assigned an average broker rating score of 3.00 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.
Analysts have set a twelve-month consensus target price of $17.00 for the company and are anticipating that the company will post $0.26 earnings per share for the current quarter, according to Zacks. Zacks has also given 1st Constitution Bancorp an industry rank of 16 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of 1st Constitution Bancorp from a “sell” rating to a “hold” rating and set a $20.00 price target on the stock in a report on Monday, January 1st.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew 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 worth $3,441,000 after purchasing an additional 1,605 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in 1st Constitution Bancorp by 9.7% in the third quarter. Dimensional Fund Advisors LP now owns 157,397 shares of the financial services provider’s stock worth $2,857,000 after purchasing an additional 13,934 shares during the last quarter. Finally, JPMorgan Chase & Co. grew 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 worth $135,000 after purchasing an additional 3,951 shares during the last quarter. 27.88% of the stock is currently owned by institutional investors and hedge funds.
1st Constitution Bancorp (NASDAQ FCCY) traded up $0.30 during midday trading on Wednesday, reaching $19.50. 1,003 shares of the company’s stock traded hands, compared to its average volume of 8,590. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.73. 1st Constitution Bancorp has a fifty-two week low of $16.15 and a fifty-two week high of $20.05. The stock has a market capitalization of $155.01, a price-to-earnings ratio of 19.31, a P/E/G ratio of 1.66 and a beta of 0.43.
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About 1st Constitution Bancorp
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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