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1 Comment
1st Constitution Bancorp is currently in a long term uptrend where the price is trading 20.4% above its 200 day moving average.
From a valuation standpoint, the stock is 94.4% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 2.5.
1st Constitution Bancorp's total revenue rose by 36.7% to $21M since the same quarter in the previous year.
Its net income has increased by 87.0% to $6M since the same quarter in the previous year.
Finally, its free cash flow grew by 220.3% to $19M since the same quarter in the previous year.
Based on the above factors, 1st Constitution Bancorp gets an overall score of 5/5.
| Industry | Banks-Regional |
|---|---|
| Sector | Financial Services |
| ISIN | None |
| CurrencyCode | EUR |
| Exchange | F |
| Beta | 0.63 |
|---|---|
| Dividend Yield | 1.5% |
| Target Price | 26 |
| PE Ratio | 12.92 |
| Market Cap | 254M |
As of January 6, 2022, 1st Constitution Bancorp was acquired by Lakeland Bancorp, Inc. 1st Constitution Bancorp operates as the bank holding company for 1st Constitution Bank that provides commercial and retail banking products and 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 NOW accounts; and non-interest bearing demand, savings, and time deposits. It also provides commercial loans, including term loans, lines of credit, and loans secured by equipment and receivables; secured and unsecured short-to-medium term commercial loans to businesses for working capital, business expansion, and the purchase of equipment and machinery; commercial real estate loans; and commercial construction financing to real estate developers for the acquisition, development, and construction of residential and commercial properties. In addition, the company offers residential first mortgage loans secured by owner-occupied property; construction loans; reverse mortgages; second mortgage home improvement loans; home equity lines of credit; and non-residential consumer loans for automobiles, recreation vehicles, and boats, as well as secured and unsecured personal loans, and deposit account secured loans, as well as online and mobile banking services. It serves corporations, individuals, partnerships, and other community organizations, as well as small businesses and not-for-profit organizations. As of February 2, 2021, the company operated 25 banking offices in Asbury Park, Cranbury, Fair Haven, Fort Lee, Freehold, Hamilton, Hightstown, Hillsborough, Hopewell, Jackson, Jamesburg, Lawrenceville, Little Silver, Long Branch, Manahawkin, Neptune City, Perth Amboy, Plainsboro, Princeton, Rocky Hill, Rumson, Shrewsbury and Toms River, and New Jersey. 1st Constitution Bancorp was founded in 1989 and is based in Cranbury, New Jersey.
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