1st Century Bancshares, Inc. (NASDAQ:FCTY) Receives Consensus Rating of “Hold” from Analysts

1st Century Bancshares, Inc. (NASDAQ:FCTY) has received a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating. 1st Century Bancshares’ rating score has declined by 200% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a 1 year consensus target price of $8.00 for the company and are predicting that the company will post $0.10 earnings per share for the current quarter, according to Zacks. Zacks has also assigned 1st Century Bancshares an industry rank of 45 out of 265 based on the ratings given to related companies.

Several research firms have recently weighed in on FCTY. Zacks Investment Research lowered shares of 1st Century Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, December 1st. FIG Partners raised shares of 1st Century Bancshares from an “outperform” rating to a “market-perform” rating in a report on Wednesday, November 4th.

Shares of 1st Century Bancshares (NASDAQ:FCTY) opened at 6.90 on Monday. The firm has a 50-day moving average price of $7.79 and a 200-day moving average price of $7.60. The firm has a market capitalization of $66.49 million and a P/E ratio of 31.36. 1st Century Bancshares has a 52-week low of $5.48 and a 52-week high of $9.00.

1st Century Bancshares (NASDAQ:FCTY) last released its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. On average, equities research analysts anticipate that 1st Century Bancshares will post $0.27 EPS for the current year.

12 Month Chart for NASDAQ:FCTY

1st Century Bancshares, Inc. (NASDAQ:FCTY) is a bank holding company. Bancshares has one subsidiary, 1st Century Bank, National Association (the Bank). The Bank is a full service commercial bank. The Bank’s focus is relationship banking to family and middle market businesses, professional service firms, and high net worth individuals, real estate investors and entrepreneurs. The Bank’s goal is to deliver the responsive and adaptive depository and lending products and services to its customers. The Bank’s product offerings include Loans and Deposits. The Company’s business depends upon the use of the Internet and online services as a medium for banking and commerce by customers. The Company’s loan and deposit activities are based in the Los Angeles metropolitan area.

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