Insider Selling: 1st Constitution Bancorp (NASDAQ:FCCY) Insider Sells 824 Shares of Stock

1st Constitution Bancorp (NASDAQ:FCCY) insider John T. Andreacio sold 824 shares of 1st Constitution Bancorp stock in a transaction on Monday, July 29th. The shares were sold at an average price of $18.02, for a total transaction of $14,848.48. Following the completion of the sale, the insider now owns 14,971 shares of the company’s stock, valued at approximately $269,777.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of NASDAQ:FCCY traded up $0.01 during mid-day trading on Wednesday, hitting $18.21. The company had a trading volume of 13,244 shares, compared to its average volume of 7,951. The company has a fifty day moving average of $18.34. The firm has a market capitalization of $156.85 million, a P/E ratio of 11.67, a PEG ratio of 1.42 and a beta of 0.22. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.88. 1st Constitution Bancorp has a one year low of $16.45 and a one year high of $23.45.

1st Constitution Bancorp (NASDAQ:FCCY) last released its quarterly earnings data on Friday, July 19th. The financial services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. 1st Constitution Bancorp had a net margin of 22.00% and a return on equity of 11.17%. The company had revenue of $13.60 million during the quarter, compared to analyst estimates of $13.48 million. On average, equities research analysts predict that 1st Constitution Bancorp will post 1.6 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Monday, August 12th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.65%. The ex-dividend date is Friday, August 9th. 1st Constitution Bancorp’s payout ratio is currently 19.23%.

Several analysts have recently weighed in on FCCY shares. Zacks Investment Research upgraded shares of 1st Constitution Bancorp from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective for the company in a research note on Wednesday, June 26th. DA Davidson lowered shares of 1st Constitution Bancorp from a “buy” rating to a “neutral” rating and set a $18.09 price objective for the company. in a research note on Tuesday, June 25th. Finally, Sandler O’Neill started 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 for the company.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in shares of 1st Constitution Bancorp in the first quarter worth approximately $113,000. Geode Capital Management LLC boosted its stake in shares of 1st Constitution Bancorp by 6.5% during the fourth quarter. Geode Capital Management LLC now owns 72,627 shares of the financial services provider’s stock valued at $1,447,000 after purchasing an additional 4,432 shares during the period. Acadian Asset Management LLC boosted its stake in shares of 1st Constitution Bancorp by 2.2% during the first quarter. Acadian Asset Management LLC now owns 42,664 shares of the financial services provider’s stock valued at $758,000 after purchasing an additional 918 shares during the period. Bank of America Corp DE boosted its stake in shares of 1st Constitution Bancorp by 86.0% during the fourth quarter. Bank of America Corp DE now owns 5,756 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 2,662 shares during the period. Finally, BlackRock Inc. boosted 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 period. 34.39% of the stock is owned by institutional investors and hedge funds.

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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