Shares of First Connecticut Bancorp Inc (NASDAQ:FBNK) have earned a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.
Analysts have set a one year consensus price objective of $27.75 for the company and are anticipating that the company will post $0.35 earnings per share for the current quarter, according to Zacks. Zacks has also assigned First Connecticut Bancorp an industry rank of 16 out of 265 based on the ratings given to its competitors.
A number of research analysts have recently issued reports on the stock. ValuEngine downgraded shares of First Connecticut Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Zacks Investment Research downgraded shares of First Connecticut Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Finally, BidaskClub downgraded shares of First Connecticut Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th.
First Connecticut Bancorp (NASDAQ FBNK) opened at $26.80 on Friday. The stock has a market cap of $427.54, a P/E ratio of 21.27 and a beta of 0.67. First Connecticut Bancorp has a 1 year low of $21.00 and a 1 year high of $28.50. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.12 and a quick ratio of 1.12.
First Connecticut Bancorp (NASDAQ:FBNK) last issued its quarterly 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 for 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 7.43%. equities research analysts forecast that First Connecticut Bancorp will post 1.35 earnings per share for the current fiscal year.
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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