First Connecticut Bancorp, Inc. (NASDAQ:FBNK) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Wednesday.

Several other analysts have also recently issued reports on the company. BidaskClub upgraded First Connecticut Bancorp from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research cut First Connecticut Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $26.00 target price on shares of First Connecticut Bancorp in a research report on Sunday, September 17th.

Shares of First Connecticut Bancorp (NASDAQ FBNK) traded down $0.25 on Wednesday, reaching $25.45. The company’s stock had a trading volume of 67,501 shares, compared to its average volume of 33,983. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $406.00, a PE ratio of 20.72 and a beta of 0.68. First Connecticut Bancorp has a fifty-two week low of $20.50 and a fifty-two week high of $28.50.

First Connecticut Bancorp (NASDAQ:FBNK) last released its earnings results on Wednesday, October 18th. The bank reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. First Connecticut Bancorp had a return on equity of 7.43% and a net margin of 18.24%. The firm had revenue of $24.15 million during the quarter, compared to analysts’ expectations of $25.30 million. equities research analysts forecast that First Connecticut Bancorp will post 1.35 EPS for the current year.

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Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of First Connecticut Bancorp by 1.2% during the first quarter. Vanguard Group Inc. now owns 562,763 shares of the bank’s stock worth $13,956,000 after purchasing an additional 6,464 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of First Connecticut Bancorp by 2.4% during the second quarter. The Manufacturers Life Insurance Company now owns 537,969 shares of the bank’s stock worth $13,799,000 after purchasing an additional 12,542 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of First Connecticut Bancorp by 11.0% during the third quarter. Dimensional Fund Advisors LP now owns 433,738 shares of the bank’s stock worth $11,602,000 after purchasing an additional 43,142 shares in the last quarter. State Street Corp grew its position in shares of First Connecticut Bancorp by 8.1% during the second quarter. State Street Corp now owns 314,924 shares of the bank’s stock worth $8,079,000 after purchasing an additional 23,657 shares in the last quarter. Finally, FMR LLC grew its position in shares of First Connecticut Bancorp by 0.6% during the first quarter. FMR LLC now owns 204,900 shares of the bank’s stock worth $5,081,000 after purchasing an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 49.64% of the company’s stock.

First Connecticut Bancorp Company Profile

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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