1st Constitution Bancorp (NASDAQ:FCCY) has been assigned a consensus broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company. 1st Constitution Bancorp’s rating score has declined by 11.3% in the last 90 days as a result of various analysts’ ratings changes.

Analysts have set a 1-year consensus target price of $14.75 for the company and are expecting that the company will post $0.15 earnings per share for the current quarter, according to Zacks. Zacks has also assigned 1st Constitution Bancorp an industry rank of 220 out of 254 based on the ratings given to related companies.

A number of research firms recently weighed in on FCCY. Zacks Investment Research cut shares of 1st Constitution Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, May 6th. ValuEngine cut shares of 1st Constitution Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, March 25th.

In related news, Director William M. Rue purchased 4,000 shares of 1st Constitution Bancorp stock in a transaction on Monday, March 9th. The shares were bought at an average cost of $16.97 per share, for a total transaction of $67,880.00. Following the acquisition, the director now owns 209,946 shares in the company, valued at approximately $3,562,783.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John T. Andreacio purchased 5,000 shares of 1st Constitution Bancorp stock in a transaction on Friday, February 28th. The stock was bought at an average price of $19.53 per share, for a total transaction of $97,650.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 11,000 shares of company stock worth $189,530. 14.61% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Siena Capital Partners GP LLC increased its holdings in 1st Constitution Bancorp by 1.1% in the 1st quarter. Siena Capital Partners GP LLC now owns 154,298 shares of the financial services provider’s stock valued at $2,044,000 after acquiring an additional 1,642 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of 1st Constitution Bancorp by 10.5% in the 1st quarter. Wells Fargo & Company MN now owns 17,777 shares of the financial services provider’s stock worth $235,000 after buying an additional 1,684 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of 1st Constitution Bancorp by 6.5% in the 1st quarter. Geode Capital Management LLC now owns 116,209 shares of the financial services provider’s stock worth $1,539,000 after buying an additional 7,076 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of 1st Constitution Bancorp by 35.5% in the 1st quarter. JPMorgan Chase & Co. now owns 15,637 shares of the financial services provider’s stock worth $206,000 after buying an additional 4,097 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of 1st Constitution Bancorp by 4.5% in the 1st quarter. State Street Corp now owns 135,707 shares of the financial services provider’s stock worth $1,798,000 after buying an additional 5,897 shares during the last quarter. Institutional investors own 37.82% of the company’s stock.

Shares of 1st Constitution Bancorp stock traded down $0.09 on Friday, hitting $13.02. 2,257 shares of the company’s stock were exchanged, compared to its average volume of 20,860. The company has a 50-day simple moving average of $11.82 and a 200-day simple moving average of $17.45. The stock has a market capitalization of $129.76 million, a PE ratio of 9.41 and a beta of 0.59. 1st Constitution Bancorp has a 1 year low of $9.01 and a 1 year high of $22.91. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.94 and a current ratio of 0.95.

1st Constitution Bancorp (NASDAQ:FCCY) last released its earnings results on Friday, May 1st. The financial services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.08). 1st Constitution Bancorp had a net margin of 19.13% and a return on equity of 9.71%. The firm had revenue of $15.39 million for the quarter, compared to analysts’ expectations of $15.77 million. On average, analysts expect that 1st Constitution Bancorp will post 1.12 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Tuesday, May 12th were issued a $0.09 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.36 dividend on an annualized basis and a yield of 2.76%. 1st Constitution Bancorp’s dividend payout ratio is currently 21.43%.

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.

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