Share on StockTwits

First Connecticut Bancorp (NASDAQ:FBNK) was downgraded by research analysts at S&P Equity Research from a “buy” rating to a “hold” rating in a report released on Friday.

The analysts wrote, “First Connecticut Bancorp (FBNK) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year.”

Shares of First Connecticut Bancorp (NASDAQ:FBNK) traded up 0.80% on Friday, hitting $15.695. The stock had a trading volume of 46,478 shares. First Connecticut Bancorp has a 52-week low of $13.34 and a 52-week high of $17.00. The stock’s 50-day moving average is $15.46 and its 200-day moving average is $15.69. The company has a market cap of $236.7 million and a P/E ratio of 55.61.

First Connecticut Bancorp (NASDAQ:FBNK) last released its earnings data 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.

In other First Connecticut Bancorp news, Director Robert F. Jr. Edmunds acquired 6,600 shares of First Connecticut Bancorp stock in a transaction that occurred on Thursday, June 12th. The stock was purchased at an average price of $15.15 per share, for a total transaction of $99,990.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

First Connecticut Bancorp, Inc (NASDAQ:FBNK) is a stock holding company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.