Insider Selling: Gregory A. White Unloads 1,445 Shares of First Connecticut Bancorp Stock (FBNK)
First Connecticut Bancorp (NASDAQ:FBNK) CFO Gregory A. White sold 1,445 shares of the stock on the open market in a transaction dated Monday, August 18th. The shares were sold at an average price of $15.55, for a total value of $22,469.75. Following the transaction, the chief financial officer now directly owns 63,764 shares in the company, valued at approximately $991,530. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of First Connecticut Bancorp (NASDAQ:FBNK) traded down 0.97% on Wednesday, hitting $15.33. 6,694 shares of the company’s stock traded hands. First Connecticut Bancorp has a one year low of $13.72 and a one year high of $17.00. The stock’s 50-day moving average is $15.36 and its 200-day moving average is $15.59. 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 issued its quarterly earnings data on Thursday, July 24th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.04. Analysts expect that First Connecticut Bancorp will post $0.55 earnings per share 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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