1st Constitution Bancorp (NASDAQ:FCCY) Director William M. Rue purchased 2,000 shares of the firm’s stock in a transaction dated Friday, November 18th. The shares were acquired at an average cost of $13.65 per share, with a total value of $27,300.00. Following the completion of the purchase, the director now directly owns 199,629 shares in the company, valued at $2,724,935.85. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of 1st Constitution Bancorp (NASDAQ:FCCY) opened at 15.15 on Thursday. 1st Constitution Bancorp has a 12-month low of $11.27 and a 12-month high of $15.40. The firm has a market cap of $120.94 million, a P/E ratio of 13.89 and a beta of 0.29. The stock has a 50 day moving average price of $13.63 and a 200 day moving average price of $12.92.

FCCY has been the subject of several recent analyst reports. TheStreet raised 1st Constitution Bancorp from a “hold” rating to a “buy” rating in a report on Friday, October 21st. Zacks Investment Research raised 1st Constitution Bancorp from a “hold” rating to a “strong-buy” rating and set a $15.00 price objective for the company in a report on Thursday, October 27th.

Several institutional investors have recently bought and sold shares of FCCY. HighTower Advisors LLC raised its position in 1st Constitution Bancorp by 23.4% in the third quarter. HighTower Advisors LLC now owns 14,257 shares of the financial services provider’s stock worth $196,000 after buying an additional 2,700 shares in the last quarter. Salzhauer Michael bought a new position in 1st Constitution Bancorp during the third quarter worth approximately $218,000. Bridgeway Capital Management Inc. raised its position in 1st Constitution Bancorp by 28.6% in the second quarter. Bridgeway Capital Management Inc. now owns 26,983 shares of the financial services provider’s stock worth $324,000 after buying an additional 6,000 shares in the last quarter. Banc Funds Co. LLC raised its position in 1st Constitution Bancorp by 0.4% in the second quarter. Banc Funds Co. LLC now owns 738,160 shares of the financial services provider’s stock worth $8,873,000 after buying an additional 3,000 shares in the last quarter. Finally, Advisor Group Inc. bought a new position in 1st Constitution Bancorp during the second quarter worth approximately $125,000. 18.20% of the stock is currently owned by institutional investors.

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1st Constitution Bancorp Company Profile

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.

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