1st Constitution Bancorp (FCCY) Receives New Coverage from Analysts at Sandler O’Neill

Sandler O’Neill started coverage on shares of 1st Constitution Bancorp (NASDAQ:FCCY) in a research note released on Thursday morning, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $21.50 target price on the financial services provider’s stock.

Several other equities analysts also recently issued reports on FCCY. Zacks Investment Research downgraded shares of 1st Constitution Bancorp from a hold rating to a sell rating in a research note on Monday, May 6th. ValuEngine downgraded shares of 1st Constitution Bancorp from a hold rating to a sell rating in a research note on Monday, February 25th.

FCCY stock opened at $18.69 on Thursday. The firm has a market cap of $158.93 million, a PE ratio of 11.98, a price-to-earnings-growth ratio of 1.51 and a beta of 0.24. 1st Constitution Bancorp has a 52-week low of $16.45 and a 52-week high of $27.00. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.43.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 13th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Friday, May 10th. 1st Constitution Bancorp’s dividend payout ratio is presently 19.23%.

A number of hedge funds and other institutional investors have recently made changes to their positions in FCCY. BlackRock Inc. raised its stake in 1st Constitution Bancorp by 3.3% during the third quarter. BlackRock Inc. now owns 350,650 shares of the financial services provider’s stock worth $7,258,000 after buying an additional 11,139 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in 1st Constitution Bancorp by 7.5% during the third quarter. Dimensional Fund Advisors LP now owns 207,056 shares of the financial services provider’s stock worth $4,286,000 after buying an additional 14,453 shares during the last quarter. Vanguard Group Inc. raised its stake in 1st Constitution Bancorp by 1.7% during the third quarter. Vanguard Group Inc. now owns 242,328 shares of the financial services provider’s stock worth $5,016,000 after buying an additional 3,956 shares during the last quarter. Vanguard Group Inc raised its stake in 1st Constitution Bancorp by 1.7% during the third quarter. Vanguard Group Inc now owns 242,328 shares of the financial services provider’s stock worth $5,016,000 after buying an additional 3,956 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in 1st Constitution Bancorp during the fourth quarter worth $223,000. 35.27% of the stock is owned by institutional investors and hedge funds.

1st Constitution Bancorp Company Profile

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.

Recommended Story: Outstanding Shares, Buying and Selling Stocks

Receive News & Ratings for 1st Constitution Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 1st Constitution Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.