1st Constitution Bancorp (NJ) (NASDAQ:FCCY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

According to Zacks, “1st Constitution Bancorp occupies an enviable position as one of New Jersey’s few independent community banks. Dramatically improved earnings and growth, a strong capital base, and a dynamic management, combined to propel 1st Constitution Bank full speed ahead amid the changing tides in the banking industry. 1st Constitution Bank is a community oriented bank serving Central New Jersey. “

Separately, DA Davidson assumed coverage on 1st Constitution Bancorp (NJ) in a research note on Friday, September 1st. They issued a “neutral” rating and a $18.00 price objective on the stock.

Shares of 1st Constitution Bancorp (NASDAQ FCCY) traded up 0.28% during midday trading on Tuesday, reaching $18.00. The company’s stock had a trading volume of 2,611 shares. The stock’s 50-day moving average is $17.94 and its 200-day moving average is $17.48. The company has a market capitalization of $145.24 million, a P/E ratio of 17.16 and a beta of 0.45. 1st Constitution Bancorp has a one year low of $13.25 and a one year high of $20.85.

1st Constitution Bancorp (NJ) (NASDAQ:FCCY) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01). The company had revenue of $11.48 million during the quarter, compared to analyst estimates of $12.03 million. 1st Constitution Bancorp (NJ) had a net margin of 16.78% and a return on equity of 7.88%. On average, equities analysts expect that 1st Constitution Bancorp will post $1.03 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of 1st Constitution Bancorp (NJ) 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 acquiring an additional 3,951 shares in the last quarter. California Public Employees Retirement System acquired a new stake in shares of 1st Constitution Bancorp (NJ) in the first quarter valued at $253,000. Renaissance Technologies LLC raised its stake in shares of 1st Constitution Bancorp (NJ) by 20.0% in the first quarter. Renaissance Technologies LLC now owns 65,500 shares of the financial services provider’s stock valued at $1,208,000 after acquiring an additional 10,900 shares in the last quarter. Context BH Capital Management LP raised its stake in shares of 1st Constitution Bancorp (NJ) 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 acquiring an additional 13,091 shares in the last quarter. Finally, Siena Capital Management LLC raised its stake in shares of 1st Constitution Bancorp (NJ) by 19.2% in the second quarter. Siena Capital Management LLC now owns 125,198 shares of the financial services provider’s stock valued at $2,210,000 after acquiring an additional 20,200 shares in the last quarter. Institutional investors and hedge funds own 27.02% of the company’s stock.

1st Constitution Bancorp (NJ) 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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