Shares of 1st Constitution Bancorp (NASDAQ:FCCY) have been given an average broker rating score of 1.67 (Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and two have given a strong buy rating to the company. 1st Constitution Bancorp’s rating score has improved by 44.3% in the last three months as a result of various analysts’ upgrades and downgrades.
Brokers have set a one year consensus target price of $21.75 for the company and are expecting that the company will post $0.39 EPS for the current quarter, according to Zacks. Zacks has also assigned 1st Constitution Bancorp an industry rank of 157 out of 256 based on the ratings given to related companies.
Several analysts recently commented on the stock. DA Davidson assumed coverage on shares of WillScot in a research note on Tuesday, June 25th. They issued a “buy” rating and a $19.00 price objective for the company. Zacks Investment Research cut shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. ValuEngine upgraded shares of The Western Union from a “sell” rating to a “hold” rating in a research note on Friday, March 22nd. Finally, Sandler O’Neill assumed coverage on shares of 1st Constitution Bancorp in a research report on Thursday, May 23rd. They set a “buy” rating and a $21.50 target price for the company.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Banc Funds Co. LLC grew its holdings in 1st Constitution Bancorp by 0.8% during the first quarter. Banc Funds Co. LLC now owns 523,858 shares of the financial services provider’s stock valued at $9,309,000 after purchasing an additional 4,000 shares during the last quarter. Acadian Asset Management LLC grew its holdings in 1st Constitution Bancorp by 2.2% during the first quarter. Acadian Asset Management LLC now owns 42,664 shares of the financial services provider’s stock valued at $758,000 after purchasing an additional 918 shares during the last quarter. LSV Asset Management grew its holdings in 1st Constitution Bancorp by 12.1% during the first quarter. LSV Asset Management now owns 26,900 shares of the financial services provider’s stock valued at $478,000 after purchasing an additional 2,900 shares during the last quarter. SG Americas Securities LLC acquired a new position in 1st Constitution Bancorp during the first quarter valued at approximately $113,000. Finally, BNP Paribas Arbitrage SA grew its holdings in 1st Constitution Bancorp by 524.5% during the first quarter. BNP Paribas Arbitrage SA now owns 1,580 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 1,327 shares during the last quarter. Institutional investors own 34.39% of the company’s stock.
Shares of NASDAQ FCCY traded down $0.10 during midday trading on Friday, hitting $18.20. The company had a trading volume of 13,600 shares, compared to its average volume of 7,650. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.88. 1st Constitution Bancorp has a twelve month low of $16.45 and a twelve month high of $23.45. The firm has a 50-day simple moving average of $18.47. The firm has a market cap of $156.76 million, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 1.44 and a beta of 0.21.
1st Constitution Bancorp (NASDAQ:FCCY) last announced its quarterly earnings data on Friday, April 19th. The financial services provider reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.03. 1st Constitution Bancorp had a net margin of 20.23% and a return on equity of 10.98%. The firm had revenue of $13.09 million during the quarter, compared to analysts’ expectations of $13.18 million. Research analysts forecast that 1st Constitution Bancorp will post 1.58 earnings per share for the current fiscal year.
1st Constitution Bancorp Company Profile
1st Constitution Bancorp operates as the bank holding company for 1st Constitution Bank that provides commercial and retail banking services in the central, coastal, and northeastern areas of New Jersey. The company offers deposit products, including interest bearing demand deposits, such as interest-bearing checking accounts, money market accounts, and negotiable order of withdrawal accounts; and non-interest bearing demand, savings, and time deposits, as well as certificates of deposit.
See Also: Why is the price-sales ratio important?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for 1st Constitution Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 1st Constitution Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.