Insider Selling: First Connecticut Bancorp CFO Sells 1,445 Shares of Stock (FBNK)
First Connecticut Bancorp (NASDAQ:FBNK) CFO Gregory A. White unloaded 1,445 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $15.55, for a total transaction of $22,469.75. Following the sale, the chief financial officer now directly owns 63,764 shares in the company, valued at approximately $991,530. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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.
Shares of First Connecticut Bancorp (NASDAQ:FBNK) opened at 15.33 on Thursday. 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 $15.36 and a 200-day moving average of $15.59. The company has a market cap of $229.6 million and a P/E ratio of 41.43.
First Connecticut Bancorp (NASDAQ:FBNK) last posted its quarterly earnings results 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 EPS for the current fiscal year.
First Connecticut Bancorp, Inc (NASDAQ:FBNK) is a stock holding company.
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