1st Constitution Bancorp (NJ) (FCCY) Receives Average Rating of “Hold” from Brokerages

1st Constitution Bancorp (NJ) (FCCY) Receives Average Rating of “Hold” from Brokerages

Shares of 1st Constitution Bancorp (NJ) (NASDAQ:FCCY) have earned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Zacks has also given 1st Constitution Bancorp (NJ) an industry rank of 17 out of 265 based on the ratings given to related companies.

FCCY has been the subject of a number of recent research reports. TheStreet upgraded 1st Constitution Bancorp (NJ) from a “hold” rating to a “buy” rating in a report on Friday, October 21st. Zacks Investment Research upgraded 1st Constitution Bancorp (NJ) from a “hold” rating to a “strong-buy” rating and set a $15.00 price target on the stock in a research note on Thursday, October 27th.

Shares of 1st Constitution Bancorp (NASDAQ:FCCY) opened at 16.85 on Friday. The stock has a market cap of $134.51 million, a P/E ratio of 15.44 and a beta of 0.37. 1st Constitution Bancorp has a 52 week low of $11.27 and a 52 week high of $20.85. The stock has a 50 day moving average price of $17.66 and a 200-day moving average price of $14.46.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 25th. Shareholders of record on Tuesday, January 3rd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Thursday, December 29th. 1st Constitution Bancorp (NJ)’s dividend payout ratio is presently 18.52%.

In other 1st Constitution Bancorp (NJ) news, Director William M. Rue purchased 4,000 shares of the business’s stock in a transaction on Tuesday, November 29th. The shares were bought at an average cost of $16.00 per share, for a total transaction of $64,000.00. Following the completion of the purchase, the director now directly owns 201,629 shares in the company, valued at $3,226,064. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William M. Rue purchased 2,000 shares of the business’s stock in a transaction on Friday, November 18th. The stock was acquired at an average price of $13.65 per share, for a total transaction of $27,300.00. Following the completion of the purchase, the director now owns 199,629 shares of the company’s stock, valued at $2,724,935.85. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 10,375 shares of company stock worth $160,820. 20.00% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. acquired a new stake in 1st Constitution Bancorp (NJ) during the second quarter worth $125,000. HighTower Advisors LLC boosted its stake in 1st Constitution Bancorp (NJ) by 23.4% in the third quarter. HighTower Advisors LLC now owns 14,257 shares of the financial services provider’s stock worth $196,000 after buying an additional 2,700 shares in the last quarter. Salzhauer Michael acquired a new stake in 1st Constitution Bancorp (NJ) during the third quarter worth $218,000. Bridgeway Capital Management Inc. boosted its stake in 1st Constitution Bancorp (NJ) by 28.6% in the second quarter. Bridgeway Capital Management Inc. now owns 26,983 shares of the financial services provider’s stock worth $324,000 after buying an additional 6,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in 1st Constitution Bancorp (NJ) by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 81,705 shares of the financial services provider’s stock worth $982,000 after buying an additional 1,793 shares in the last quarter. Institutional investors own 18.30% of the company’s stock.

1st Constitution Bancorp (NJ) 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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