1st Constitution Bancorp (NASDAQ:FCCY) has been given a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.
Brokerages have set a one year consensus target price of $21.00 for the company and are anticipating that the company will post $0.36 EPS for the current quarter, according to Zacks. Zacks has also assigned 1st Constitution Bancorp an industry rank of 210 out of 255 based on the ratings given to its competitors.
Several equities research analysts have recently commented on the company. Zacks Investment Research cut 1st Constitution Bancorp from a “hold” rating to a “sell” rating in a research note on Friday. ValuEngine upgraded 1st Constitution Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, March 11th.
Shares of NASDAQ FCCY opened at $18.23 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.94 and a quick ratio of 0.93. 1st Constitution Bancorp has a twelve month low of $16.45 and a twelve month high of $27.00. The company has a market capitalization of $158.28 million, a price-to-earnings ratio of 11.69, a PEG ratio of 1.41 and a beta of 0.22.
1st Constitution Bancorp (NASDAQ:FCCY) last released its quarterly earnings results on Thursday, January 31st. The financial services provider reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.03). 1st Constitution Bancorp had a return on equity of 11.08% and a net margin of 20.28%. The company had revenue of $13.18 million for the quarter, compared to analysts’ expectations of $13.48 million. As a group, sell-side analysts anticipate that 1st Constitution Bancorp will post 1.63 earnings per share for the current year.
In other news, EVP John T. Andreacio sold 1,914 shares of the company’s stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $19.02, for a total transaction of $36,404.28. Following the completion of the sale, the executive vice president now owns 23,625 shares in the company, valued at $449,347.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 14.61% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in 1st Constitution Bancorp by 6.5% in the fourth quarter. Geode Capital Management LLC now owns 72,627 shares of the financial services provider’s stock worth $1,447,000 after acquiring an additional 4,432 shares in the last quarter. Dimensional Fund Advisors LP raised its position in 1st Constitution Bancorp by 8.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 224,470 shares of the financial services provider’s stock worth $4,474,000 after acquiring an additional 17,414 shares in the last quarter. Bank of America Corp DE raised its position in 1st Constitution Bancorp by 86.0% in the fourth quarter. Bank of America Corp DE now owns 5,756 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 2,662 shares in the last quarter. Roundview Capital LLC purchased a new position in 1st Constitution Bancorp in the fourth quarter worth $290,000. Finally, Bessemer Group Inc. raised its position in 1st Constitution Bancorp by 26.1% in the fourth quarter. Bessemer Group Inc. now owns 8,700 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 1,800 shares in the last quarter. Institutional investors and hedge funds own 35.56% of the company’s stock.
About 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.
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