Trade Report: Today, 1st Constitution Bancorp (FCCY) Director Buys $27,300.00 in Stock

Today, 1st Constitution Bancorp (FCCY) Director Buys $27,300.00 in Stock

1st Constitution Bancorp (NASDAQ:FCCY) Director William M. Rue acquired 2,000 shares of 1st Constitution Bancorp stock in a transaction that occurred on Friday, November 18th. The stock was purchased at an average cost of $13.65 per share, for a total transaction of $27,300.00. Following the completion of the transaction, the director now directly owns 199,629 shares in the company, valued at $2,724,935.85. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

1st Constitution Bancorp (NASDAQ:FCCY) opened at 15.15 on Friday. The firm has a 50-day moving average of $13.63 and a 200-day moving average of $12.92. 1st Constitution Bancorp has a 52 week low of $11.27 and a 52 week high of $15.40. The company has a market capitalization of $120.94 million, a P/E ratio of 13.89 and a beta of 0.29.

Several hedge funds have recently made changes to their positions in the stock. Context BH Capital Management LP raised its stake in shares of 1st Constitution Bancorp by 254.7% in the second quarter. Context BH Capital Management LP now owns 65,079 shares of the financial services provider’s stock valued at $782,000 after buying an additional 46,730 shares during the period. LSV Asset Management raised its stake in shares of 1st Constitution Bancorp by 105.2% in the second quarter. LSV Asset Management now owns 15,800 shares of the financial services provider’s stock valued at $189,000 after buying an additional 8,100 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of 1st Constitution Bancorp by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 81,705 shares of the financial services provider’s stock valued at $982,000 after buying an additional 1,793 shares during the period. Vanguard Group Inc. raised its stake in shares of 1st Constitution Bancorp by 5.5% in the second quarter. Vanguard Group Inc. now owns 163,461 shares of the financial services provider’s stock valued at $1,965,000 after buying an additional 8,482 shares during the period. Finally, Advisor Group Inc. bought a new stake in shares of 1st Constitution Bancorp during the second quarter valued at about $125,000. Institutional investors and hedge funds own 18.20% of the company’s stock.

A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of 1st Constitution Bancorp from a “hold” rating to a “strong-buy” rating and set a $15.00 price objective on the stock in a research report on Thursday, October 27th. TheStreet raised shares of 1st Constitution Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, October 21st.

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