Acadian Asset Management LLC Acquires 918 Shares of 1st Constitution Bancorp (NASDAQ:FCCY)

Acadian Asset Management LLC grew its position in 1st Constitution Bancorp (NASDAQ:FCCY) by 2.2% during the 1st quarter, according to its most …

1st Constitution Bancorp logoAcadian 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.

Recommended Story: Why are gap-down stocks important?

Institutional Ownership by Quarter for 1st Constitution Bancorp (NASDAQ:FCCY)

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.

Related Posts:

  • No Related Posts

1st Constitution Bancorp (FCCY) Stake Boosted by Vanguard Group Inc

Vanguard Group Inc increased its holdings in 1st Constitution Bancorp (NASDAQ:FCCY) by 1.7% in the 3rd quarter, according to the company in its …

1st Constitution Bancorp logoVanguard Group Inc increased its holdings in 1st Constitution Bancorp (NASDAQ:FCCY) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 242,328 shares of the financial services provider’s stock after acquiring an additional 3,956 shares during the period. Vanguard Group Inc owned about 2.88% of 1st Constitution Bancorp worth $5,016,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in 1st Constitution Bancorp by 86.5% in the third quarter. Bessemer Group Inc. now owns 6,900 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 3,200 shares during the last quarter. Martingale Asset Management L P purchased a new position in 1st Constitution Bancorp in the third quarter valued at approximately $249,000. Schwab Charles Investment Management Inc. purchased a new position in 1st Constitution Bancorp in the second quarter valued at approximately $321,000. Bank of New York Mellon Corp purchased a new position in 1st Constitution Bancorp in the second quarter valued at approximately $622,000. Finally, Northern Trust Corp lifted its stake in 1st Constitution Bancorp by 475.9% in the second quarter. Northern Trust Corp now owns 73,033 shares of the financial services provider’s stock valued at $1,672,000 after purchasing an additional 60,351 shares during the last quarter. 33.74% of the stock is owned by institutional investors.

Separately, Zacks Investment Research upgraded 1st Constitution Bancorp from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Monday, January 14th.

In other 1st Constitution Bancorp news, EVP John T. Andreacio sold 1,914 shares of the stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $19.02, for a total transaction of $36,404.28. Following the sale, the executive vice president now owns 23,625 shares in the company, valued at $449,347.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William M. Rue bought 5,000 shares of the company’s stock in a transaction on Tuesday, November 27th. The shares were bought at an average price of $19.81 per share, for a total transaction of $99,050.00. The disclosure for this purchase can be found here. Corporate insiders own 14.61% of the company’s stock.

Shares of NASDAQ:FCCY traded up $0.19 during trading on Tuesday, hitting $18.57. 237 shares of the company were exchanged, compared to its average volume of 6,600. The company has a market cap of $155.65 million, a P/E ratio of 11.90, a P/E/G ratio of 1.42 and a beta of 0.23. 1st Constitution Bancorp has a 52-week low of $16.45 and a 52-week high of $27.00. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.94.

1st Constitution Bancorp (NASDAQ:FCCY) last posted its earnings results on Thursday, January 31st. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.03). The company had revenue of $13.18 million for the quarter, compared to analysts’ expectations of $13.48 million. 1st Constitution Bancorp had a return on equity of 11.26% and a net margin of 20.28%. On average, analysts expect that 1st Constitution Bancorp will post 1.63 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Friday, February 15th will be given a dividend of $0.075 per share. The ex-dividend date is Thursday, February 14th. This represents a $0.30 annualized dividend and a dividend yield of 1.62%. 1st Constitution Bancorp’s dividend payout ratio is currently 19.23%.

ILLEGAL ACTIVITY NOTICE: “1st Constitution Bancorp (FCCY) Stake Boosted by Vanguard Group Inc” was published by Fairfield Current and is the property of of Fairfield Current. If you are viewing this story on another domain, it was stolen and republished in violation of United States and international copyright law. The original version of this story can be accessed at https://www.fairfieldcurrent.com/news/2019/02/12/1st-constitution-bancorp-fccy-stake-boosted-by-vanguard-group-inc.html.

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 and northeastern New Jersey areas. 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, as well as certificates of deposit.

Further Reading: Coverage Ratio

Want to see what other hedge funds are holding FCCY?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for 1st Constitution Bancorp (NASDAQ:FCCY).

Institutional Ownership by Quarter for 1st Constitution Bancorp (NASDAQ:FCCY)

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.

Related Posts:

  • No Related Posts

Zacks Investment Research Upgrades 1st Constitution Bancorp (FCCY) to “Strong-Buy”

Acadian Asset Management LLC increased its position in shares of 1st Constitution Bancorp by 436.8% during the second quarter. Acadian Asset …

1st Constitution Bancorp logo1st Constitution Bancorp (NASDAQ:FCCY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday, October 23rd. The firm currently has a $23.00 price target on the financial services provider’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 16.81% from the company’s previous close.

According to Zacks, “1st Constitution Bancorp occupies an enviable position as one of New Jersey’s few independent community banks. Dramatically improved earnings and growth, a strong capital base, and a dynamic management, combined to propel 1st Constitution Bank full speed ahead amid the changing tides in the banking industry. 1st Constitution Bank is a community oriented bank serving Central New Jersey. “

Separately, ValuEngine downgraded shares of 1st Constitution Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd.

Shares of 1st Constitution Bancorp stock traded up $0.44 on Tuesday, hitting $19.69. 34,348 shares of the company traded hands, compared to its average volume of 16,920. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.95 and a current ratio of 0.96. 1st Constitution Bancorp has a 52 week low of $16.15 and a 52 week high of $27.00. The company has a market capitalization of $161.89 million, a PE ratio of 18.58, a P/E/G ratio of 1.52 and a beta of 0.35.

1st Constitution Bancorp (NASDAQ:FCCY) last posted its quarterly earnings results on Friday, October 19th. The financial services provider reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.07. The firm had revenue of $13.55 million during the quarter, compared to the consensus estimate of $13.28 million. 1st Constitution Bancorp had a net margin of 16.34% and a return on equity of 10.96%. On average, analysts forecast that 1st Constitution Bancorp will post 1.59 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. acquired a new position in shares of 1st Constitution Bancorp during the second quarter worth $321,000. Millennium Management LLC acquired a new position in shares of 1st Constitution Bancorp during the first quarter worth $313,000. Bank of New York Mellon Corp acquired a new position in shares of 1st Constitution Bancorp during the second quarter worth $622,000. Acadian Asset Management LLC increased its position in shares of 1st Constitution Bancorp by 436.8% during the second quarter. Acadian Asset Management LLC now owns 40,552 shares of the financial services provider’s stock worth $928,000 after purchasing an additional 32,998 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of 1st Constitution Bancorp by 475.9% during the second quarter. Northern Trust Corp now owns 73,033 shares of the financial services provider’s stock worth $1,672,000 after purchasing an additional 60,351 shares in the last quarter. 34.82% of the stock is currently 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 and northeastern New Jersey areas. 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, as well as certificates of deposit.

Further Reading: What is a stock split?

Get a free copy of the Zacks research report on 1st Constitution Bancorp (FCCY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.

Related Posts:

  • No Related Posts

27181 Shares in 1st Constitution Bancorp (FCCY) Acquired by Bank of New York Mellon Corp

Acadian Asset Management LLC lifted its position in 1st Constitution Bancorp by 436.8% during the 2nd quarter. Acadian Asset Management LLC …

1st Constitution Bancorp logoBank of New York Mellon Corp purchased a new position in shares of 1st Constitution Bancorp (NASDAQ:FCCY) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 27,181 shares of the financial services provider’s stock, valued at approximately $622,000. Bank of New York Mellon Corp owned approximately 0.33% of 1st Constitution Bancorp at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FCCY. Millennium Management LLC bought a new stake in 1st Constitution Bancorp during the 1st quarter worth about $313,000. Acadian Asset Management LLC lifted its position in 1st Constitution Bancorp by 436.8% during the 2nd quarter. Acadian Asset Management LLC now owns 40,552 shares of the financial services provider’s stock worth $928,000 after buying an additional 32,998 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in 1st Constitution Bancorp by 5.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 174,935 shares of the financial services provider’s stock worth $3,779,000 after buying an additional 9,611 shares in the last quarter. 34.82% of the stock is currently owned by hedge funds and other institutional investors.

FCCY has been the topic of several analyst reports. ValuEngine cut shares of 1st Constitution Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, August 28th. Zacks Investment Research raised shares of 1st Constitution Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Tuesday, July 24th.

In other news, Director James G. Aaron acquired 5,000 shares of the stock in a transaction dated Friday, July 27th. The shares were bought at an average cost of $22.22 per share, for a total transaction of $111,100.00. Following the purchase, the director now directly owns 9,525 shares of the company’s stock, valued at $211,645.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 14.61% of the stock is owned by insiders.

1st Constitution Bancorp stock opened at $19.16 on Friday. The stock has a market cap of $163.15 million, a PE ratio of 18.08, a PEG ratio of 1.67 and a beta of 0.35. 1st Constitution Bancorp has a fifty-two week low of $16.15 and a fifty-two week high of $27.00. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 1.14.

1st Constitution Bancorp (NASDAQ:FCCY) last released its quarterly earnings data on Friday, October 19th. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.07. The company had revenue of $13.55 million for the quarter, compared to analyst estimates of $13.28 million. 1st Constitution Bancorp had a net margin of 14.43% and a return on equity of 9.71%. Research analysts expect that 1st Constitution Bancorp will post 1.46 EPS for the current fiscal year.

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 and northeastern New Jersey areas. 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, as well as certificates of deposit.

Featured Story: Dividend

Want to see what other hedge funds are holding FCCY?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for 1st Constitution Bancorp (NASDAQ:FCCY).

Institutional Ownership by Quarter for 1st Constitution Bancorp (NASDAQ:FCCY)

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.

Related Posts:

  • No Related Posts