Shares of 1st Constitution Bancorp (NASDAQ:FCCY) have been assigned a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.
Brokerages have set a one year consensus target price of $19.00 for the company and are predicting that the company will post $0.34 EPS for the current quarter, according to Zacks. Zacks has also given 1st Constitution Bancorp an industry rank of 165 out of 265 based on the ratings given to its competitors.
Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of 1st Constitution Bancorp from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Tuesday, April 10th. ValuEngine upgraded shares of 1st Constitution Bancorp from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.
Several institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. boosted its holdings in shares of 1st Constitution Bancorp by 18.6% in the fourth quarter. Alliancebernstein L.P. now owns 220,333 shares of the financial services provider’s stock valued at $4,032,000 after acquiring an additional 34,579 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in 1st Constitution Bancorp by 9.7% during the third quarter. Dimensional Fund Advisors LP now owns 157,397 shares of the financial services provider’s stock valued at $2,857,000 after purchasing an additional 13,934 shares during the last quarter. Salzhauer Michael lifted its stake in 1st Constitution Bancorp by 6.4% during the fourth quarter. Salzhauer Michael now owns 112,028 shares of the financial services provider’s stock valued at $2,050,000 after purchasing an additional 6,774 shares during the last quarter. Renaissance Technologies LLC lifted its stake in 1st Constitution Bancorp by 9.8% during the fourth quarter. Renaissance Technologies LLC now owns 71,399 shares of the financial services provider’s stock valued at $1,307,000 after purchasing an additional 6,399 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in 1st Constitution Bancorp by 174.3% during the fourth quarter. Wells Fargo & Company MN now owns 6,208 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 3,945 shares during the last quarter. Institutional investors and hedge funds own 27.32% of the company’s stock.
NASDAQ FCCY remained flat at $$21.90 on Thursday. 4,435 shares of the company’s stock traded hands, compared to its average volume of 8,636. 1st Constitution Bancorp has a 1 year low of $16.15 and a 1 year high of $22.52. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35. The company has a market cap of $181.88, a PE ratio of 20.66, a price-to-earnings-growth ratio of 1.64 and a beta of 0.38.
1st Constitution Bancorp (NASDAQ:FCCY) last posted its earnings results on Friday, February 2nd. The financial services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. 1st Constitution Bancorp had a net margin of 13.64% and a return on equity of 8.04%. The firm had revenue of $11.74 million during the quarter, compared to analysts’ expectations of $11.54 million. equities research analysts anticipate that 1st Constitution Bancorp will post 1.33 earnings per share for the current year.
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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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