First Connecticut Bancorp Rating Increased to Buy at TheStreet (FBNK)
First Connecticut Bancorp (NASDAQ:FBNK) was upgraded by investment analysts at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, Stock Ratings Network reports.
The analysts wrote, “First Connecticut Bancorp (FBNK) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, increase in net income, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.”
First Connecticut Bancorp (NASDAQ:FBNK) traded down 0.88% during mid-day trading on Wednesday, hitting $14.68. 4,781 shares of the company’s stock traded hands. First Connecticut Bancorp has a 52 week low of $13.13 and a 52 week high of $15.60. The stock’s 50-day moving average is $14.40 and its 200-day moving average is $14.48. The company has a market cap of $228.6 million and a price-to-earnings ratio of 62.75.
First Connecticut Bancorp, Inc (NASDAQ:FBNK) is a stock holding company.
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