First Connecticut Bancorp Inc. (NASDAQ:FBNK) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, October 19th. Analysts expect First Connecticut Bancorp to post earnings of $0.24 per share for the quarter.

First Connecticut Bancorp (NASDAQ:FBNK) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. First Connecticut Bancorp had a return on equity of 5.45% and a net margin of 14.22%. On average, analysts expect First Connecticut Bancorp to post $0.98 EPS for the current fiscal year and $1.09 EPS for the next fiscal year.

Earnings History for First Connecticut Bancorp (NASDAQ:FBNK)

Shares of First Connecticut Bancorp Inc. (NASDAQ:FBNK) opened at 17.60 on Tuesday. The stock has a market capitalization of $262.45 million, a P/E ratio of 19.34 and a beta of 0.43. The firm’s 50-day moving average price is $17.67 and its 200-day moving average price is $16.83. First Connecticut Bancorp Inc. has a one year low of $14.42 and a one year high of $18.40.

In other news, Director Ronald A. Bucchi sold 5,162 shares of the firm’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $17.55, for a total transaction of $90,593.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Patience Peirce Mcdowell purchased 2,775 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were acquired at an average price of $18.06 per share, for a total transaction of $50,116.50. Following the acquisition, the director now directly owns 1,783 shares in the company, valued at approximately $32,200.98. The disclosure for this purchase can be found here. Company insiders own 9.10% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FBNK. Dimensional Fund Advisors LP increased its position in shares of First Connecticut Bancorp by 22.3% in the second quarter. Dimensional Fund Advisors LP now owns 305,615 shares of the company’s stock valued at $5,061,000 after buying an additional 55,719 shares during the period. BlackRock Investment Management LLC increased its position in shares of First Connecticut Bancorp by 1.5% in the second quarter. BlackRock Investment Management LLC now owns 64,743 shares of the company’s stock valued at $1,072,000 after buying an additional 969 shares during the period. Alliancebernstein L.P. increased its position in shares of First Connecticut Bancorp by 1.5% in the second quarter. Alliancebernstein L.P. now owns 27,200 shares of the company’s stock valued at $450,000 after buying an additional 400 shares during the period. Spark Investment Management LLC increased its position in shares of First Connecticut Bancorp by 16.8% in the second quarter. Spark Investment Management LLC now owns 34,800 shares of the company’s stock valued at $576,000 after buying an additional 5,000 shares during the period. Finally, State Street Corp increased its position in shares of First Connecticut Bancorp by 3.0% in the second quarter. State Street Corp now owns 264,318 shares of the company’s stock valued at $4,376,000 after buying an additional 7,754 shares during the period. Institutional investors and hedge funds own 45.72% of the company’s stock.

First Connecticut Bancorp Company Profile

First Connecticut Bancorp, Inc is a stock holding company. The Company operates through its wholly owned subsidiary Farmington Bank (the Bank), a community bank with over 20 branch locations throughout central Connecticut. The Bank offers commercial and residential lending as well as wealth management services in Connecticut and western Massachusetts.

5 Day Chart for NASDAQ:FBNK

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