November 18, 2016 - By kentuckypostne · 0 Comments
1ST Constitution Bancorp (NASDAQ:FCCY) institutional sentiment increased to 2.2 in 2016 Q2. Its up 0.20, from 2 in 2016Q1. The ratio is better, as 10 institutional investors increased or opened new stock positions, while 5 sold and decreased stakes in 1ST Constitution Bancorp. The institutional investors in our partner’s database now have: 1.34 million shares, down from 2.64 million shares in 2016Q1. Also, the number of institutional investors holding 1ST Constitution Bancorp in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 3 Increased: 9 New Position: 1.
1st Constitution Bancorp is the bank holding firm for 1st Constitution Bank . The company has a market cap of $110.39 million. The Bank is a commercial bank, which is engaged in the business of commercial and retail banking. It has a 12.91 P/E ratio. The Firm operates through the Community Banking segment.
About 18,661 shares traded hands or 6.63% up from the average. 1st Constitution Bancorp (NASDAQ:FCCY) has risen 8.73% since April 18, 2016 and is uptrending. It has outperformed by 4.30% the S&P500.
According to Zacks Investment Research, “1st Constitution Bancorp occupies an enviable position as one of New Jersey’s few independent community banks. Dramatically improved earnings and growth, a strong capital base, and a dynamic management, combined to propel 1st Constitution Bank full speed ahead amid the changing tides in the banking industry. 1st Constitution Bank is a community oriented bank serving Central New Jersey.”
Eidelman Virant Capital holds 0.78% of its portfolio in 1st Constitution Bancorp for 104,968 shares. Banc Funds Co Llc owns 738,160 shares or 0.52% of their US portfolio. Moreover, Highlander Capital Management Llc has 0.08% invested in the company for 7,628 shares. The Texas-based Bridgeway Capital Management Inc has invested 0.01% in the stock. Acadian Asset Management Llc, a Massachusetts-based fund reported 153 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 insider buy, and 0 sales for $34,831 net activity.
1st Constitution Bancorp, incorporated in February 1, 1999, is the bank holding firm for 1st Constitution Bank (the Bank). The Bank is a commercial bank, which is engaged in the business of commercial and retail banking. The Firm operates through the Community Banking segment. The Community Banking segment consists of construction, commercial, retail and mortgage banking operations. As a community bank, the Bank offers a range of services (including demand, savings and time deposits and commercial and consumer/installment loans) to individuals, small businesses and not-for-profit organizations principally in the Fort Lee area of Bergen County and in Middlesex, Mercer, Somerset and Monmouth Counties of New Jersey. The Bank’s Mortgage Warehouse Funding Group offers revolving lines of credit that are available to licensed mortgage banking companies (the Warehouse Line of Credit). The Warehouse Line of Credit is used by the mortgage banker to originate one- to four-family residential mortgage loans that are pre-sold to the secondary mortgage market, which includes state and national banks, national mortgage banking firms, insurance companies and government-sponsored enterprises, including the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation and others.
More recent 1st Constitution Bancorp (NASDAQ:FCCY) news were published by: Reuters.com which released: “BRIEF-1st Constitution Bancorp Q3 earnings per share $0.33” on October 21, 2016. Also Zacks.com published the news titled: “1st Constitution Bancorp (FCCY): Strong Industry, Solid Earnings Estimate …” on November 01, 2016. Globenewswire.com‘s news article titled: “1ST Constitution Bancorp Announces Changes to Board of Directors” with publication date: June 21, 2016 was also an interesting one.
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