Zacks Upgrades First Connecticut Bancorp to “Outperform” (FBNK)
First Connecticut Bancorp (NASDAQ:FBNK) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Wednesday. The firm currently has a $17.60 price target on the stock. Zacks‘s price objective would indicate a potential upside of 7.58% from the company’s current price.
Shares of First Connecticut Bancorp (NASDAQ:FBNK) traded down 0.73% during mid-day trading on Wednesday, hitting $16.24. The stock had a trading volume of 11,973 shares. First Connecticut Bancorp has a 52 week low of $13.72 and a 52 week high of $17.00. The stock’s 50-day moving average is $15.49 and its 200-day moving average is $15.6. The company has a market cap of $244.9 million and a P/E ratio of 58.43.
First Connecticut Bancorp (NASDAQ:FBNK) last announced its 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.
Separately, analysts at S&P Equity Research downgraded shares of First Connecticut Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, June 20th.
First Connecticut Bancorp, Inc (NASDAQ:FBNK) is a stock holding company.
To view Zacks’ full report, visit Zacks’ official website.
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