1st Constitution Bancorp (NASDAQ:FCCY) has been given a consensus broker rating score of 1.67 (Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One investment 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’ upgrades and downgrades.

Brokers have set a 12 month consensus price target of $14.75 for the company and are anticipating that the company will post $0.16 EPS for the current quarter, according to Zacks. Zacks has also assigned 1st Constitution Bancorp an industry rank of 196 out of 254 based on the ratings given to its competitors.

FCCY has been the subject of a number of recent research reports. Zacks Investment Research cut 1st Constitution Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, May 6th. ValuEngine cut 1st Constitution Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, March 25th.

In related news, Director William M. Rue purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was bought at an average price of $12.84 per share, with a total value of $64,200.00. Following the completion of the purchase, the director now owns 216,456 shares in the company, valued at approximately $2,779,295.04. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders bought 9,100 shares of company stock valued at $115,799. Insiders own 14.61% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. State Street Corp increased its stake in shares of 1st Constitution Bancorp by 4.5% in the first quarter. State Street Corp now owns 135,707 shares of the financial services provider’s stock valued at $1,798,000 after buying an additional 5,897 shares during the period. Siena Capital Partners GP LLC boosted its position in shares of 1st Constitution Bancorp by 1.1% during 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 purchasing an additional 1,642 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of 1st Constitution Bancorp by 10.5% during the 1st quarter. Wells Fargo & Company MN now owns 17,777 shares of the financial services provider’s stock valued at $235,000 after purchasing an additional 1,684 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of 1st Constitution Bancorp by 6.5% during the 1st quarter. Geode Capital Management LLC now owns 116,209 shares of the financial services provider’s stock valued at $1,539,000 after purchasing an additional 7,076 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of 1st Constitution Bancorp by 35.5% during the 1st quarter. JPMorgan Chase & Co. now owns 15,637 shares of the financial services provider’s stock valued at $206,000 after purchasing an additional 4,097 shares in the last quarter. 37.82% of the stock is owned by institutional investors.

FCCY traded down $1.24 during midday trading on Monday, reaching $11.01. 61,848 shares of the company were exchanged, compared to its average volume of 14,718. 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 has a one year low of $9.01 and a one year high of $22.91. The stock has a market capitalization of $124.97 million, a P/E ratio of 8.28 and a beta of 0.59. The stock’s 50-day simple moving average is $12.60 and its 200 day simple moving average is $16.44.

1st Constitution Bancorp (NASDAQ:FCCY) last issued its earnings results on Friday, May 1st. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.08). 1st Constitution Bancorp had a return on equity of 9.71% and a net margin of 19.13%. The company had revenue of $15.39 million for the quarter, compared to the consensus estimate of $15.77 million. On average, research analysts anticipate that 1st Constitution Bancorp will post 1.13 earnings per share for the current year.

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, 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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