First Connecticut Bancorp Inc. (NASDAQ:FBNK) announced a quarterly dividend on Tuesday, November 22nd. Stockholders of record on Friday, December 2nd will be given a dividend of 0.09 per share on Monday, December 12th. This represents a $0.36 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Wednesday, November 30th. This is a boost from First Connecticut Bancorp’s previous quarterly dividend of $0.06.

Shares of First Connecticut Bancorp (NASDAQ:FBNK) opened at 22.35 on Friday. The stock has a 50 day moving average of $18.76 and a 200 day moving average of $17.28. First Connecticut Bancorp has a 1-year low of $14.42 and a 1-year high of $22.40. The company has a market cap of $333.53 million, a price-to-earnings ratio of 25.08 and a beta of 0.45.

First Connecticut Bancorp (NASDAQ:FBNK) last issued its earnings results on Wednesday, October 19th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. First Connecticut Bancorp had a net margin of 13.60% and a return on equity of 5.32%. On average, equities analysts forecast that First Connecticut Bancorp will post $0.98 EPS for the current year.

Dividend History for First Connecticut Bancorp (NASDAQ:FBNK)

Separately, Piper Jaffray Cos. cut shares of First Connecticut Bancorp from an “overweight” rating to a “neutral” rating and set a $19.00 target price on the stock. in a report on Wednesday, November 16th.

In other First Connecticut Bancorp news, Director Patience Peirce Mcdowell purchased 2,775 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The stock was bought at an average price of $18.06 per share, with a total value of $50,116.50. Following the completion of the purchase, the director now directly owns 1,783 shares of the company’s stock, valued at approximately $32,200.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald A. Bucchi sold 5,162 shares of the firm’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $17.55, for a total value of $90,593.10. The disclosure for this sale can be found here. 9.10% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company purchased a new position in shares of First Connecticut Bancorp during the third quarter valued at approximately $8,826,000. BlackRock Fund Advisors raised its position in shares of First Connecticut Bancorp by 7.5% in the third quarter. BlackRock Fund Advisors now owns 394,440 shares of the company’s stock valued at $7,017,000 after buying an additional 27,474 shares in the last quarter. Dimensional Fund Advisors LP raised 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 in the last quarter. State Street Corp raised 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 in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of First Connecticut Bancorp by 1.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 191,258 shares of the company’s stock valued at $3,402,000 after buying an additional 2,321 shares in the last quarter. 46.19% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This piece of content was reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this piece of content on another site, it was stolen and republished in violation of US & international trademark and copyright law. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2016/11/25/first-connecticut-bancorp-inc-fbnk-to-go-ex-dividend-on-november-30th.html.

About First Connecticut Bancorp

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

Receive News & Stock Ratings for First Connecticut Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Connecticut Bancorp Inc. and related stocks with our FREE daily email newsletter.