Shares of 1st Constitution Bancorp (NASDAQ:FCCY) have earned a consensus broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and two have issued a strong buy recommendation on the company.

Brokerages have set a twelve-month consensus target price of $21.75 for the company and are expecting that the company will post $0.41 EPS for the current quarter, according to Zacks. Zacks has also given 1st Constitution Bancorp an industry rank of 105 out of 255 based on the ratings given to related companies.

Several research firms have weighed in on FCCY. ValuEngine upgraded shares of 1st Constitution Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 23rd. Zacks Investment Research upgraded shares of 1st Constitution Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, October 22nd.

Institutional investors and hedge funds have recently bought and sold shares of the business. Strs Ohio raised its holdings in 1st Constitution Bancorp by 61.9% in the second quarter. Strs Ohio now owns 3,400 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 1,300 shares during the period. Russell Investments Group Ltd. raised its holdings in 1st Constitution Bancorp by 1,217.2% in the third quarter. Russell Investments Group Ltd. now owns 7,982 shares of the financial services provider’s stock worth $150,000 after purchasing an additional 7,376 shares during the period. Rhumbline Advisers raised its holdings in 1st Constitution Bancorp by 12.0% in the third quarter. Rhumbline Advisers now owns 11,374 shares of the financial services provider’s stock worth $213,000 after purchasing an additional 1,215 shares during the period. First Trust Advisors LP raised its holdings in 1st Constitution Bancorp by 35.9% in the third quarter. First Trust Advisors LP now owns 15,706 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 4,145 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in shares of 1st Constitution Bancorp by 16.6% during the second quarter. Acadian Asset Management LLC now owns 49,734 shares of the financial services provider’s stock worth $919,000 after acquiring an additional 7,070 shares during the period. Institutional investors own 38.00% of the company’s stock.

FCCY stock traded down $0.10 during midday trading on Monday, reaching $20.28. The company’s stock had a trading volume of 7,989 shares, compared to its average volume of 9,889. 1st Constitution Bancorp has a 52 week low of $16.47 and a 52 week high of $20.50. The stock has a market cap of $176.95 million, a PE ratio of 13.00 and a beta of 0.27. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. The business’s 50-day simple moving average is $19.41 and its 200-day simple moving average is $18.53.

1st Constitution Bancorp (NASDAQ:FCCY) last announced its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. 1st Constitution Bancorp had a net margin of 21.02% and a return on equity of 10.61%. The firm had revenue of $13.72 million for the quarter, compared to analysts’ expectations of $13.27 million. As a group, equities analysts forecast that 1st Constitution Bancorp will post 1.65 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, October 25th were issued a $0.075 dividend. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $0.30 annualized dividend and a yield of 1.48%. 1st Constitution Bancorp’s dividend payout ratio (DPR) is presently 19.23%.

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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