James T. Healey, Jr. Buys 883 Shares of First Connecticut Bancorp Inc (FBNK) Stock

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.

A number of equities analysts recently weighed in on FBNK shares. Piper Jaffray Companies upgraded shares of First Connecticut Bancorp from a “neutral” rating to an “overweight” rating in a research report on Monday, February 5th. Zacks Investment Research upgraded shares of First Connecticut Bancorp from a “sell” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Tuesday, December 19th. ValuEngine lowered shares of First Connecticut Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, BidaskClub upgraded shares of First Connecticut Bancorp from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th.

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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