ValuEngine upgraded shares of 1st Constitution Bancorp (NASDAQ:FCCY) from a hold rating to a buy rating in a report released on Friday.
Separately, Zacks Investment Research raised 1st Constitution Bancorp from a sell rating to a hold rating and set a $20.00 price target on the stock in a research note on Monday, January 1st.
1st Constitution Bancorp (FCCY) opened at $19.35 on Friday. The firm has a market capitalization of $155.01, a PE ratio of 18.11, a P/E/G ratio of 1.66 and a beta of 0.43. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73. 1st Constitution Bancorp has a 1-year low of $16.15 and a 1-year high of $20.05.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Friday, February 16th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.24%. 1st Constitution Bancorp’s dividend payout ratio (DPR) is currently 28.92%.
A number of institutional investors have recently made changes to their positions in FCCY. Vanguard Group Inc. increased its stake in shares of 1st Constitution Bancorp by 0.8% during the second quarter. Vanguard Group Inc. now owns 193,815 shares of the financial services provider’s stock valued at $3,441,000 after buying an additional 1,605 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of 1st Constitution Bancorp by 9.7% during the third quarter. Dimensional Fund Advisors LP now owns 157,397 shares of the financial services provider’s stock valued at $2,857,000 after buying an additional 13,934 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of 1st Constitution Bancorp by 108.8% during the second quarter. JPMorgan Chase & Co. now owns 7,582 shares of the financial services provider’s stock valued at $135,000 after buying an additional 3,951 shares during the period. 27.88% of the stock is currently owned by institutional investors and hedge funds.
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1st Constitution Bancorp 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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