First Connecticut Bancorp, Inc. (NASDAQ:FBNK) – Equities research analysts at FIG Partners issued their Q1 2019 earnings per share (EPS) estimates for shares of First Connecticut Bancorp in a report issued on Monday. FIG Partners analyst D. Bishop forecasts that the bank will earn $0.39 per share for the quarter. FIG Partners also issued estimates for First Connecticut Bancorp’s Q2 2019 earnings at $0.42 EPS, Q3 2019 earnings at $0.44 EPS and FY2019 earnings at $1.69 EPS.

First Connecticut Bancorp (NASDAQ:FBNK) last posted its earnings results on Wednesday, October 18th. The bank reported $0.35 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.35. The firm had revenue of $24.15 million during the quarter, compared to the consensus estimate of $25.30 million. First Connecticut Bancorp had a net margin of 18.24% and a return on equity of 7.50%.

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A number of other research firms also recently weighed in on FBNK. ValuEngine downgraded First Connecticut Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Zacks Investment Research downgraded First Connecticut Bancorp from a “hold” rating to a “sell” rating in a research note on Monday. BidaskClub downgraded First Connecticut Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $26.00 price target on shares of First Connecticut Bancorp in a research note on Sunday, September 17th.

First Connecticut Bancorp (NASDAQ:FBNK) traded up 0.37% during mid-day trading on Tuesday, reaching $27.25. 22,637 shares of the company were exchanged. First Connecticut Bancorp has a 12 month low of $17.50 and a 12 month high of $28.50. The company has a market cap of $412.32 million, a P/E ratio of 23.47 and a beta of 0.68. The stock’s 50-day moving average is $26.52 and its 200-day moving average is $25.69.

Several institutional investors and hedge funds have recently bought and sold shares of FBNK. Seizert Capital Partners LLC purchased a new stake in shares of First Connecticut Bancorp during the 2nd quarter worth about $2,148,000. AJO LP purchased a new stake in shares of First Connecticut Bancorp during the 2nd quarter worth about $1,338,000. Chicago Equity Partners LLC purchased a new stake in shares of First Connecticut Bancorp during the 2nd quarter worth about $1,253,000. AlphaOne Investment Services LLC purchased a new stake in shares of First Connecticut Bancorp during the 2nd quarter worth about $1,181,000. Finally, Dimensional Fund Advisors LP raised 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 purchasing an additional 30,718 shares in the last quarter. 49.02% of the stock is owned by institutional investors.

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.

Earnings History and Estimates for First Connecticut Bancorp (NASDAQ:FBNK)

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