Acadian Asset Management LLC grew its position in 1st Constitution Bancorp (NASDAQ:FCCY) by 2.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,664 shares of the financial services provider’s stock after purchasing an additional 918 shares during the period. Acadian Asset Management LLC owned about 0.49% of 1st Constitution Bancorp worth $758,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of FCCY. Dimensional Fund Advisors LP increased its stake in shares of 1st Constitution Bancorp by 8.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 224,470 shares of the financial services provider’s stock valued at $4,474,000 after acquiring an additional 17,414 shares during the last quarter. BlackRock Inc. raised its stake in 1st Constitution Bancorp by 4.5% in the 4th quarter. BlackRock Inc. now owns 366,479 shares of the financial services provider’s stock valued at $7,305,000 after acquiring an additional 15,829 shares during the period. Roundview Capital LLC bought a new stake in 1st Constitution Bancorp in the 4th quarter valued at $290,000. First Trust Advisors LP bought a new stake in 1st Constitution Bancorp in the 4th quarter valued at $223,000. Finally, SG Americas Securities LLC bought a new position in 1st Constitution Bancorp during the 1st quarter worth $113,000. Institutional investors own 34.39% of the company’s stock.
Several analysts have recently issued reports on FCCY shares. DA Davidson raised 1st Constitution Bancorp from a “neutral” rating to a “buy” rating in a report on Monday, June 24th. Zacks Investment Research raised 1st Constitution Bancorp from a “sell” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Tuesday, June 4th. Sandler O’Neill began coverage on 1st Constitution Bancorp in a research report on Thursday, May 23rd. They set a “buy” rating and a $21.50 price objective for the company. Finally, ValuEngine upgraded 1st Constitution Bancorp from a “sell” rating to a “hold” rating in a report on Monday, March 11th.FCCY stock traded down $0.05 during midday trading on Wednesday, hitting $18.16. The company’s stock had a trading volume of 3,300 shares, compared to its average volume of 6,992. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.43. 1st Constitution Bancorp has a 1 year low of $16.45 and a 1 year high of $23.45. The stock has a market cap of $154.87 million, a PE ratio of 11.64, a price-to-earnings-growth ratio of 1.41 and a beta of 0.21. The company’s 50-day moving average is $18.69.
1st Constitution Bancorp (NASDAQ:FCCY) last announced its earnings results on Friday, April 19th. The financial services provider reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $13.09 million for the quarter, compared to analyst estimates of $13.18 million. 1st Constitution Bancorp had a return on equity of 10.98% and a net margin of 20.23%. Research analysts expect that 1st Constitution Bancorp will post 1.59 earnings per share for the current year.
About 1st Constitution Bancorp
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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