1st Constitution Bancorp (FCCY) Given $17.00 Average Price Target by Analysts

1st Constitution Bancorp (NASDAQ:FCCY) has been given an average broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating.

Analysts have set a 1-year consensus price objective of $17.00 for the company and are expecting that the company will post $0.26 EPS for the current quarter, according to Zacks. Zacks has also assigned 1st Constitution Bancorp an industry rank of 14 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised shares of 1st Constitution Bancorp from a “sell” rating to a “hold” rating and set a $20.00 price target on the stock in a research report on Monday, January 1st.

Shares of 1st Constitution Bancorp (FCCY) traded down $0.30 during trading hours on Friday, reaching $19.15. 6,527 shares of the company’s stock traded hands, compared to its average volume of 8,566. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.73. 1st Constitution Bancorp has a 52-week low of $16.15 and a 52-week high of $20.05. The company has a market cap of $157.02, a PE ratio of 18.96, a PEG ratio of 1.68 and a beta of 0.43.

1st Constitution Bancorp (NASDAQ:FCCY) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). 1st Constitution Bancorp had a return on equity of 7.79% and a net margin of 16.78%. The business had revenue of $11.48 million for the quarter, compared to the consensus estimate of $12.03 million. research analysts expect that 1st Constitution Bancorp will post 1.03 EPS for the current year.

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in 1st Constitution Bancorp by 108.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,582 shares of the financial services provider’s stock worth $135,000 after buying an additional 3,951 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of 1st Constitution Bancorp by 16.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 143,463 shares of the financial services provider’s stock valued at $2,546,000 after purchasing an additional 19,985 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of 1st Constitution Bancorp by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 193,815 shares of the financial services provider’s stock valued at $3,441,000 after purchasing an additional 1,605 shares during the period. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

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About 1st Constitution Bancorp

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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