Insider Selling: Gregory A. White Sells 1,666 Shares of First Connecticut Bancorp Stock (FBNK)
First Connecticut Bancorp (NASDAQ:FBNK) CFO Gregory A. White unloaded 1,666 shares of the stock on the open market in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $15.55, for a total transaction of $25,906.30. Following the sale, the chief financial officer now directly owns 63,764 shares of the company’s stock, valued at approximately $991,530. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
First Connecticut Bancorp (NASDAQ:FBNK) traded down 0.97% during mid-day trading on Wednesday, hitting $15.33. The stock had a trading volume of 6,694 shares. First Connecticut Bancorp has a 52 week low of $13.72 and a 52 week high of $17.00. The stock has a 50-day moving average of $15.39 and a 200-day moving average of $15.60. The company has a market cap of $229.6 million and a price-to-earnings ratio of 41.84.
First Connecticut Bancorp (NASDAQ:FBNK) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.04. Analysts expect that First Connecticut Bancorp will post $0.55 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.
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