Martingale Asset Management L P Has $212,000 Stock Holdings in 1st Constitution Bancorp (NASDAQ:FCCY)

Martingale Asset Management L P decreased its position in shares of 1st Constitution Bancorp (NASDAQ:FCCY) by 5.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,903 shares of the financial services provider’s stock after selling 703 shares during the period. Martingale Asset Management L P owned about 0.14% of 1st Constitution Bancorp worth $212,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FCCY. Dimensional Fund Advisors LP grew its stake in shares of 1st Constitution Bancorp by 8.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 224,470 shares of the financial services provider’s stock valued at $4,474,000 after purchasing an additional 17,414 shares during the last quarter. BlackRock Inc. grew its stake in shares of 1st Constitution Bancorp by 4.5% during the fourth quarter. BlackRock Inc. now owns 366,479 shares of the financial services provider’s stock valued at $7,305,000 after purchasing an additional 15,829 shares during the last quarter. Roundview Capital LLC bought a new stake in shares of 1st Constitution Bancorp during the fourth quarter valued at approximately $290,000. First Trust Advisors LP bought a new stake in shares of 1st Constitution Bancorp during the fourth quarter valued at approximately $223,000. Finally, SG Americas Securities LLC bought a new stake in shares of 1st Constitution Bancorp during the first quarter valued at approximately $113,000. 34.39% of the stock is owned by institutional investors.

A number of brokerages have issued reports on FCCY. Zacks Investment Research raised shares of 1st Constitution Bancorp from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a research note on Wednesday, June 26th. DA Davidson cut shares of 1st Constitution Bancorp from a “buy” rating to a “neutral” rating and set a $18.09 price objective on the stock. in a research note on Tuesday, June 25th. Sandler O’Neill began coverage on shares of 1st Constitution Bancorp in a research note on Thursday, May 23rd. They issued a “buy” rating and a $21.50 price objective on the stock. Finally, ValuEngine cut shares of 1st Constitution Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd.

FCCY traded down $0.52 during mid-day trading on Monday, hitting $17.95. The stock had a trading volume of 19,148 shares, compared to its average volume of 6,966. The business’s fifty day simple moving average is $18.71. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $154.87 million, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 1.45 and a beta of 0.22. 1st Constitution Bancorp has a 1-year low of $16.45 and a 1-year high of $23.45.

1st Constitution Bancorp (NASDAQ:FCCY) last issued its quarterly earnings data on Friday, April 19th. The financial services provider reported $0.39 EPS 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 net margin of 20.23% and a return on equity of 10.98%. As a group, analysts forecast that 1st Constitution Bancorp will post 1.59 earnings per share for the current 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, 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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Institutional Ownership by Quarter for 1st Constitution Bancorp (NASDAQ:FCCY)

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