First Connecticut Bancorp, Inc. (NASDAQ:FBNK) – Analysts at FIG Partners upped their FY2017 earnings per share estimates for shares of First Connecticut Bancorp in a note issued to investors on Monday. FIG Partners analyst D. Bishop now anticipates that the bank will post earnings per share of $1.34 for the year, up from their prior estimate of $1.33. FIG Partners also issued estimates for First Connecticut Bancorp’s Q4 2017 earnings at $0.34 EPS, Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.41 EPS and FY2018 earnings at $1.51 EPS.

First Connecticut Bancorp (NASDAQ:FBNK) last posted its earnings results on Wednesday, October 18th. The bank reported $0.35 earnings per share for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $25.30 million. TRADEMARK VIOLATION NOTICE: This report was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/10/25/fig-partners-equities-analysts-raise-earnings-estimates-for-first-connecticut-bancorp-inc-fbnk.html.

FBNK has been the subject of several other reports. Zacks Investment Research raised shares of First Connecticut Bancorp from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Friday, July 21st. Piper Jaffray Companies reissued a “hold” rating and set a $26.00 price objective on shares of First Connecticut Bancorp in a report on Sunday, September 17th. ValuEngine raised shares of First Connecticut Bancorp from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, BidaskClub raised shares of First Connecticut Bancorp from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th.

Shares of First Connecticut Bancorp (NASDAQ:FBNK) opened at 27.05 on Wednesday. The firm has a market cap of $409.29 million, a P/E ratio of 23.30 and a beta of 0.68. First Connecticut Bancorp has a 12-month low of $17.50 and a 12-month high of $28.50. The stock’s 50 day moving average price is $26.53 and its 200-day moving average price is $25.72.

Several hedge funds and other institutional investors have recently bought and sold shares of FBNK. Russell Investments Group Ltd. boosted its holdings in shares of First Connecticut Bancorp by 45.7% in the 1st quarter. Russell Investments Group Ltd. now owns 19,057 shares of the bank’s stock valued at $472,000 after buying an additional 5,977 shares during the period. American International Group Inc. boosted its holdings in shares of First Connecticut Bancorp by 6.8% in the 1st quarter. American International Group Inc. now owns 8,581 shares of the bank’s stock valued at $213,000 after buying an additional 545 shares during the period. FMR LLC boosted its holdings in shares of First Connecticut Bancorp by 0.6% in the 1st quarter. FMR LLC now owns 204,900 shares of the bank’s stock valued at $5,081,000 after buying an additional 1,300 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in shares of First Connecticut Bancorp by 6.3% in the 1st quarter. TIAA CREF Investment Management LLC now owns 71,543 shares of the bank’s stock valued at $1,774,000 after buying an additional 4,237 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of First Connecticut Bancorp by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 562,763 shares of the bank’s stock valued at $13,956,000 after buying an additional 6,464 shares during the period. 49.02% of the stock is 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.

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

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