William M. Rue Purchase 5,000 Shares of 1st Constitution Bancorp (FCCY) Shares

William M. Rue Purchase 5,000 Shares of 1st Constitution Bancorp (FCCY) Shares

1st Constitution Bancorp (NASDAQ:FCCY) Director William M. Rue purchased 5,000 shares of 1st Constitution Bancorp stock in a transaction that occurred on Tuesday, November 27th. The shares were bought at an average cost of $19.81 per share, with a total value of $99,050.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NASDAQ FCCY traded down $0.13 during trading hours on Thursday, hitting $19.77. 19,100 shares of the company traded hands, compared to its average volume of 16,137. 1st Constitution Bancorp has a twelve month low of $16.15 and a twelve month high of $27.00. The stock has a market capitalization of $167.24 million, a PE ratio of 18.66, a price-to-earnings-growth ratio of 1.56 and a beta of 0.42. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.94 and a current ratio of 0.95.

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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.07. 1st Constitution Bancorp had a return on equity of 10.76% and a net margin of 16.34%. The company had revenue of $13.55 million during the quarter, compared to analysts’ expectations of $13.28 million. As a group, research analysts forecast that 1st Constitution Bancorp will post 1.59 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 22nd. Stockholders of record on Friday, November 9th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.52%. This is a boost from 1st Constitution Bancorp’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, November 8th. 1st Constitution Bancorp’s dividend payout ratio (DPR) is presently 28.30%.

Several brokerages recently commented on FCCY. Zacks Investment Research raised 1st Constitution Bancorp from a “hold” rating to a “strong-buy” rating and set a $23.00 price target for the company in a research report on Tuesday, October 23rd. ValuEngine cut 1st Constitution Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, August 28th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of 1st Constitution Bancorp by 3.3% in the third quarter. BlackRock Inc. now owns 350,650 shares of the financial services provider’s stock valued at $7,258,000 after buying an additional 11,139 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of 1st Constitution Bancorp by 1.7% in the third quarter. Vanguard Group Inc. now owns 242,328 shares of the financial services provider’s stock valued at $5,016,000 after buying an additional 3,956 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 1st Constitution Bancorp by 7.5% in the third quarter. Dimensional Fund Advisors LP now owns 207,056 shares of the financial services provider’s stock valued at $4,286,000 after buying an additional 14,453 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of 1st Constitution Bancorp by 75.7% in the second quarter. Renaissance Technologies LLC now owns 142,000 shares of the financial services provider’s stock valued at $3,252,000 after buying an additional 61,200 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of 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 buying an additional 60,351 shares during the last quarter. 33.73% of the stock is owned by institutional investors.

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 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.

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