First Connecticut Bancorp Inc (NASDAQ:FBNK) – Research analysts at FIG Partners boosted their Q1 2018 earnings estimates for shares of First Connecticut Bancorp in a report released on Friday. FIG Partners analyst D. Bishop now anticipates that the bank will post earnings of $0.40 per share for the quarter, up from their prior estimate of $0.39. FIG Partners also issued estimates for First Connecticut Bancorp’s Q2 2018 earnings at $0.42 EPS, Q3 2018 earnings at $0.45 EPS and Q4 2018 earnings at $0.47 EPS.
First Connecticut Bancorp (NASDAQ:FBNK) last posted its quarterly earnings results on Wednesday, January 24th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The company had revenue of $23.69 million during the quarter, compared to analyst estimates of $24.89 million. First Connecticut Bancorp had a net margin of 14.46% and a return on equity of 7.85%.
Shares of First Connecticut Bancorp (NASDAQ FBNK) opened at $25.85 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $421.96, a PE ratio of 25.34 and a beta of 0.67. First Connecticut Bancorp has a 12-month low of $21.70 and a 12-month high of $28.50.
A number of hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its position in First Connecticut Bancorp by 2.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 537,969 shares of the bank’s stock valued at $13,799,000 after purchasing an additional 12,542 shares in the last quarter. Dimensional Fund Advisors LP raised its position in First Connecticut Bancorp by 11.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 433,738 shares of the bank’s stock valued at $11,602,000 after purchasing an additional 43,142 shares in the last quarter. State Street Corp raised its position in First Connecticut Bancorp by 8.1% in the 2nd quarter. State Street Corp now owns 314,924 shares of the bank’s stock valued at $8,079,000 after purchasing an additional 23,657 shares in the last quarter. Northern Trust Corp raised its position in First Connecticut Bancorp by 7.8% in the 2nd quarter. Northern Trust Corp now owns 178,477 shares of the bank’s stock valued at $4,577,000 after purchasing an additional 12,860 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its position in First Connecticut Bancorp by 2.8% in the 3rd quarter. Mutual of America Capital Management LLC now owns 118,530 shares of the bank’s stock valued at $3,171,000 after purchasing an additional 3,258 shares in the last quarter. 49.47% of the stock is currently 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.
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