First Connecticut Bancorp Inc (NASDAQ:FBNK) has received a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating.

Analysts have set a 12 month consensus price objective of $27.75 for the company and are forecasting that the company will post $0.35 earnings per share for the current quarter, according to Zacks. Zacks has also given First Connecticut Bancorp an industry rank of 14 out of 265 based on the ratings given to its competitors.

Several analysts have recently weighed in on the stock. BidaskClub cut shares of First Connecticut Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Zacks Investment Research raised shares of First Connecticut Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Friday, December 29th. ValuEngine cut shares of First Connecticut Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $26.00 price target on shares of First Connecticut Bancorp in a research note on Sunday, September 17th.

Several hedge funds have recently modified their holdings of FBNK. Goldman Sachs Group Inc. acquired a new stake in First Connecticut Bancorp during the 2nd quarter worth approximately $210,000. JPMorgan Chase & Co. raised its holdings in shares of First Connecticut Bancorp by 154.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,906 shares of the bank’s stock valued at $238,000 after purchasing an additional 5,410 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of First Connecticut Bancorp in the 3rd quarter valued at $238,000. California Public Employees Retirement System acquired a new stake in shares of First Connecticut Bancorp in the 2nd quarter valued at $239,000. Finally, SG Americas Securities LLC acquired a new stake in shares of First Connecticut Bancorp in the 3rd quarter valued at $250,000. Hedge funds and other institutional investors own 49.47% of the company’s stock.

First Connecticut Bancorp (FBNK) opened at $26.50 on Wednesday. First Connecticut Bancorp has a 1 year low of $20.50 and a 1 year high of $28.50. The firm has a market cap of $417.17, a PE ratio of 21.03 and a beta of 0.67. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.12.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 18th. Stockholders of record on Friday, December 8th were issued a $0.15 dividend. This is a positive change from First Connecticut Bancorp’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Thursday, December 7th. First Connecticut Bancorp’s dividend payout ratio is currently 47.62%.

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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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