First Connecticut Bancorp Inc (FBNK) Declares Quarterly Dividend of $0.05
First Connecticut Bancorp (NASDAQ:FBNK) declared a quarterly dividend on Tuesday, August 26th, American Banking News.com reports. Shareholders of record on Friday, September 5th will be given a dividend of 0.05 per share on Monday, September 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.31%.
On the ratings front, 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) traded up 1.18% during mid-day trading on Tuesday, hitting $15.41. The stock had a trading volume of 2,805 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 $15.30 and a 200-day moving average of $15.59. The company has a market cap of $230.8 million and a price-to-earnings ratio of 41.16.
First Connecticut Bancorp (NASDAQ:FBNK) last announced its 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. On average, analysts predict that First Connecticut Bancorp will post $0.55 earnings per share for the current fiscal year.
In other First Connecticut Bancorp news, CFO Gregory A. White sold 1,666 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $15.55, for a total value of $25,906.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
First Connecticut Bancorp, Inc (NASDAQ:FBNK) is a stock holding company.
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