First Connecticut Bancorp Inc (NASDAQ:FBNK) Director James T. Healey, Jr. purchased 883 shares of the company’s stock in a transaction on Friday, February 9th. The stock was purchased at an average price of $24.75 per share, with a total value of $21,854.25. Following the completion of the transaction, the director now owns 1,192 shares of the company’s stock, valued at $29,502. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of First Connecticut Bancorp Inc (NASDAQ FBNK) traded down $0.25 during trading hours on Monday, hitting $24.75. 23,371 shares of the company were exchanged, compared to its average volume of 20,909. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.99. First Connecticut Bancorp Inc has a 12-month low of $23.15 and a 12-month high of $28.50. The company has a market capitalization of $398.82, a price-to-earnings ratio of 24.51 and a beta of 0.61.
First Connecticut Bancorp (NASDAQ:FBNK) last issued its earnings results on Wednesday, January 24th. The bank reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). First Connecticut Bancorp had a return on equity of 7.85% and a net margin of 14.46%. The company had revenue of $23.69 million for the quarter, compared to the consensus estimate of $24.89 million. equities research analysts anticipate that First Connecticut Bancorp Inc will post 1.73 EPS for the current year.
Several large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of First Connecticut Bancorp by 6.5% during the fourth quarter. BlackRock Inc. now owns 1,089,232 shares of the bank’s stock worth $28,484,000 after acquiring an additional 66,431 shares during the last quarter. The Manufacturers Life Insurance Company boosted 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 acquiring an additional 12,542 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in First Connecticut Bancorp by 11.0% during the third 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 stake in First Connecticut Bancorp by 8.1% during the second 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. Finally, Northern Trust Corp raised its stake in First Connecticut Bancorp by 7.8% during the second 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. Hedge funds and other institutional investors own 49.13% of the company’s stock.
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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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