Elizabeth Park Capital Advisors Ltd. reduced its position in shares of 1st Constitution Bancorp (NASDAQ:FCCY) by 23.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,498 shares of the financial services provider’s stock after selling 7,360 shares during the period. Elizabeth Park Capital Advisors Ltd. owned approximately 0.29% of 1st Constitution Bancorp worth $561,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wells Fargo & Company MN grew its position in 1st Constitution Bancorp by 174.3% during the fourth quarter. Wells Fargo & Company MN now owns 6,208 shares of the financial services provider’s stock worth $114,000 after buying an additional 3,945 shares during the period. ZPR Investment Management acquired a new stake in 1st Constitution Bancorp during the first quarter worth approximately $276,000. Schwab Charles Investment Management Inc. acquired a new stake in 1st Constitution Bancorp during the second quarter worth approximately $321,000. Millennium Management LLC acquired a new stake in 1st Constitution Bancorp during the first quarter worth approximately $313,000. Finally, Bank of New York Mellon Corp acquired a new stake in 1st Constitution Bancorp during the second quarter worth approximately $622,000. 28.88% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:FCCY opened at $22.50 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 1.14. The company has a market cap of $182.67 million, a price-to-earnings ratio of 21.23, a P/E/G ratio of 1.87 and a beta of 0.37. 1st Constitution Bancorp has a fifty-two week low of $16.15 and a fifty-two week high of $27.00.

1st Constitution Bancorp (NASDAQ:FCCY) last posted its quarterly earnings results on Friday, July 20th. The financial services provider reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.04. The company had revenue of $13.06 million for the quarter, compared to the consensus estimate of $13.22 million. 1st Constitution Bancorp had a net margin of 14.43% and a return on equity of 9.71%. equities analysts predict that 1st Constitution Bancorp will post 1.46 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 23rd. Shareholders of record on Friday, August 10th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, August 9th. 1st Constitution Bancorp’s dividend payout ratio is currently 22.64%.

A number of analysts recently issued reports on FCCY shares. Zacks Investment Research upgraded shares of 1st Constitution Bancorp from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, July 24th. ValuEngine lowered shares of 1st Constitution Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 26th.

In related news, Director James G. Aaron purchased 5,000 shares of the business’s stock in a transaction on Friday, July 27th. The shares were bought at an average price of $22.22 per share, with a total value of $111,100.00. Following the completion of the purchase, the director now directly owns 9,525 shares in the company, valued at approximately $211,645.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 14.61% of the company’s stock.

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.

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

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