First Connecticut Bancorp, Inc. (NASDAQ:FBNK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Monday.

According to Zacks, “First Connecticut Bancorp Inc. is a banking company. Farmington Bank provides commercial, consumer and banking services to businesses, individuals and governments across Central Connecticut. It also offers residential mortgage loan services along with brokerage and investment advisory services. The Company’s consumer loans include installment, demand, revolving credit and collateral loans. Its installment and collateral consumer loans generally consist of loans on new and used automobiles, loans collateralized by deposit accounts and unsecured personal loans. “

Other equities research analysts have also issued research reports about the company. BidaskClub raised First Connecticut Bancorp from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. ValuEngine raised First Connecticut Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $26.00 price target on shares of First Connecticut Bancorp in a research note on Sunday, September 17th.

Shares of First Connecticut Bancorp (NASDAQ FBNK) traded down 0.37% during trading on Monday, hitting $27.15. The company’s stock had a trading volume of 51,510 shares. The stock has a market cap of $410.81 million, a PE ratio of 23.39 and a beta of 0.68. First Connecticut Bancorp has a one year low of $17.50 and a one year high of $28.50. The company has a 50-day moving average price of $26.52 and a 200-day moving average price of $25.69.

First Connecticut Bancorp (NASDAQ:FBNK) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $0.35 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.35. First Connecticut Bancorp had a return on equity of 7.50% and a net margin of 18.24%. The company had revenue of $24.15 million for the quarter, compared to analyst estimates of $25.30 million. Equities analysts predict that First Connecticut Bancorp will post $1.35 EPS for the current fiscal year.

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Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of First Connecticut Bancorp by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 562,763 shares of the bank’s stock worth $13,956,000 after acquiring an additional 6,464 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of First Connecticut Bancorp by 2.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 537,969 shares of the bank’s stock worth $13,799,000 after acquiring an additional 12,542 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of First Connecticut Bancorp by 8.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 390,596 shares of the bank’s stock worth $10,019,000 after acquiring an additional 30,718 shares in the last quarter. State Street Corp boosted its stake in shares of First Connecticut Bancorp by 8.1% during the 2nd quarter. State Street Corp now owns 314,924 shares of the bank’s stock worth $8,079,000 after acquiring an additional 23,657 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of First Connecticut Bancorp by 0.6% during the 1st quarter. FMR LLC now owns 204,900 shares of the bank’s stock worth $5,081,000 after acquiring an additional 1,300 shares in the last quarter. 49.03% of the stock is currently owned by institutional investors and hedge funds.

About First Connecticut Bancorp

First Connecticut Bancorp, Inc (FCB) is a stock holding company. The Company operates through its subsidiary, Farmington Bank (the Bank), which is a full-service community bank with branch locations throughout central Connecticut and western Massachusetts. The Bank offers commercial and residential lending, as well as wealth management services.

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