1st Constitution Bancorp (NASDAQ:FCCY) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.50 and traded as high as $20.50. 1st Constitution Bancorp shares last traded at $20.30, with a volume of 269 shares trading hands.
FCCY has been the topic of a number of recent research reports. ValuEngine raised 1st Constitution Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 23rd. Zacks Investment Research upgraded 1st Constitution Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 22nd.
The business has a 50-day moving average price of $19.43 and a 200-day moving average price of $18.53. 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 firm has a market capitalization of $176.95 million, a P/E ratio of 12.76 and a beta of 0.27.
1st Constitution Bancorp (NASDAQ:FCCY) last issued its earnings results on Friday, October 18th. The financial services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.40 by $0.05. 1st Constitution Bancorp had a return on equity of 10.61% and a net margin of 21.02%. The firm had revenue of $13.72 million during the quarter, compared to analysts’ expectations of $13.27 million. As a group, sell-side analysts forecast that 1st Constitution Bancorp will post 1.65 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, October 25th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Thursday, October 24th. 1st Constitution Bancorp’s dividend payout ratio is 19.23%.
Large investors have recently added to or reduced their stakes in the company. Banc Funds Co. LLC lifted its holdings in shares of 1st Constitution Bancorp by 1.1% during the 2nd quarter. Banc Funds Co. LLC now owns 529,502 shares of the financial services provider’s stock worth $9,780,000 after acquiring an additional 5,644 shares during the period. Rhumbline Advisers increased its stake 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 valued at $213,000 after acquiring an additional 1,215 shares during the period. Northern Trust Corp increased its stake in 1st Constitution Bancorp by 2.9% in the second quarter. Northern Trust Corp now owns 77,032 shares of the financial services provider’s stock valued at $1,423,000 after acquiring an additional 2,177 shares during the period. Acadian Asset Management LLC increased its stake in 1st Constitution Bancorp by 16.6% in the second quarter. Acadian Asset Management LLC now owns 49,734 shares of the financial services provider’s stock valued at $919,000 after acquiring an additional 7,070 shares during the period. Finally, BlackRock Inc. raised its position in 1st Constitution Bancorp by 1.5% in the second quarter. BlackRock Inc. now owns 356,151 shares of the financial services provider’s stock worth $6,578,000 after purchasing an additional 5,363 shares in the last quarter. 38.00% of the stock is owned by institutional investors.
1st Constitution Bancorp Company Profile (NASDAQ:FCCY)
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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