Siena Capital Management LLC Increases Position in 1st Constitution Bancorp (NJ) (NASDAQ:FCCY)

Siena Capital Management LLC raised its stake in shares of 1st Constitution Bancorp (NJ) (NASDAQ:FCCY) by 19.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 125,198 shares of the financial services provider’s stock after buying an additional 20,200 shares during the period. 1st Constitution Bancorp (NJ) makes up 2.1% of Siena Capital Management LLC’s portfolio, making the stock its 19th largest position. Siena Capital Management LLC owned about 1.56% of 1st Constitution Bancorp (NJ) worth $2,210,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Segantii Capital Management Ltd boosted its position in 1st Constitution Bancorp (NJ) by 535.4% in the first quarter. Segantii Capital Management Ltd now owns 8,260 shares of the financial services provider’s stock valued at $152,000 after buying an additional 6,960 shares during the last quarter. Acadian Asset Management LLC boosted its position in 1st Constitution Bancorp (NJ) by 26.3% in the first quarter. Acadian Asset Management LLC now owns 11,023 shares of the financial services provider’s stock valued at $203,000 after buying an additional 2,297 shares during the last quarter. California Public Employees Retirement System purchased a new position in 1st Constitution Bancorp (NJ) during the first quarter valued at $253,000. LSV Asset Management boosted its position in 1st Constitution Bancorp (NJ) by 56.3% in the first quarter. LSV Asset Management now owns 24,700 shares of the financial services provider’s stock valued at $455,000 after buying an additional 8,900 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in 1st Constitution Bancorp (NJ) during the fourth quarter valued at $1,021,000. 26.00% of the stock is currently owned by hedge funds and other institutional investors.

1st Constitution Bancorp (FCCY) remained flat at $17.00 during trading on Friday. 6,285 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $17.24 and its 200 day moving average price is $17.71. 1st Constitution Bancorp has a 52-week low of $12.20 and a 52-week high of $20.85. The company has a market capitalization of $136.78 million, a PE ratio of 16.21 and a beta of 0.42.

1st Constitution Bancorp (NJ) (NASDAQ:FCCY) last released its earnings results on Friday, July 21st. The financial services provider reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by $0.05. The company had revenue of $11.03 million for the quarter, compared to analysts’ expectations of $11.50 million. 1st Constitution Bancorp (NJ) had a return on equity of 8.20% and a net margin of 17.32%. Analysts anticipate that 1st Constitution Bancorp will post $1.05 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Stockholders of record on Monday, July 3rd were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, June 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.18%. 1st Constitution Bancorp (NJ)’s dividend payout ratio is currently 19.23%.

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Several equities analysts have recently weighed in on the company. Zacks Investment Research cut 1st Constitution Bancorp (NJ) from a “hold” rating to a “sell” rating in a report on Thursday, April 27th. TheStreet cut 1st Constitution Bancorp (NJ) from a “b” rating to a “c+” rating in a report on Monday, April 24th. Finally, ValuEngine raised 1st Constitution Bancorp (NJ) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.

About 1st Constitution Bancorp (NJ)

1st Constitution Bancorp is the bank holding company for 1st Constitution Bank (the Bank). The Bank is a commercial bank, which is engaged in the business of commercial and retail banking. The Company operates through the Community Banking segment. The Community Banking segment consists of construction, commercial, retail and mortgage banking operations.

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

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