First Connecticut Bancorp Director Robert F. Jr. Edmunds Acquires 6,600 Shares (FBNK)
First Connecticut Bancorp (NASDAQ:FBNK) Director Robert F. Jr. Edmunds purchased 6,600 shares of the stock on the open market in a transaction dated Thursday, June 12th. The stock was purchased at an average price of $15.15 per share, with a total value of $99,990.00. Following the acquisition, the director now directly owns 30,000 shares of the company’s stock, valued at approximately $454,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of First Connecticut Bancorp (NASDAQ:FBNK) traded down 0.27% during mid-day trading on Monday, hitting $14.81. 47,646 shares of the company’s stock traded hands. First Connecticut Bancorp has a 1-year low of $13.32 and a 1-year high of $17.00. The stock’s 50-day moving average is $15.53 and its 200-day moving average is $15.73. The company has a market cap of $223.4 million and a P/E ratio of 53.04.
First Connecticut Bancorp (NASDAQ:FBNK) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.02. Analysts expect that First Connecticut Bancorp will post $0.46 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 16th. Investors of record on Friday, June 6th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Wednesday, June 4th. This is an increase from First Connecticut Bancorp’s previous quarterly dividend of $0.03.
First Connecticut Bancorp, Inc (NASDAQ:FBNK) is a stock holding company.
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