First Connecticut Bancorp Inc. (NASDAQ:FBNK) declared a quarterly dividend on Tuesday, November 22nd. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Wednesday, November 30th. This is a positive change from First Connecticut Bancorp’s previous quarterly dividend of $0.06.

First Connecticut Bancorp (NASDAQ:FBNK) opened at 22.35 on Friday. The firm has a 50 day moving average of $18.76 and a 200-day moving average of $17.28. First Connecticut Bancorp has a 12-month low of $14.42 and a 12-month high of $22.40. The stock has a market cap of $333.53 million, a PE ratio of 25.08 and a beta of 0.45.

First Connecticut Bancorp (NASDAQ:FBNK) last announced its quarterly earnings data on Wednesday, October 19th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates 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, analysts expect that First Connecticut Bancorp will post $0.98 earnings per share 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 price objective for the company. in a report on Wednesday, November 16th.

In other news, Director Patience Peirce Mcdowell purchased 2,775 shares of the stock in a transaction on Thursday, September 8th. The stock was bought 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 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 the SEC website. Also, Director Ronald A. Bucchi sold 5,162 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $17.55, for a total transaction of $90,593.10. The disclosure for this sale can be found here. Company insiders own 9.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of FBNK. BlackRock Advisors LLC boosted its position in First Connecticut Bancorp by 22.3% in the third quarter. BlackRock Advisors LLC now owns 8,247 shares of the company’s stock valued at $147,000 after buying an additional 1,502 shares during the period. Rhumbline Advisers increased its stake in shares of First Connecticut Bancorp by 1.1% in the third quarter. Rhumbline Advisers now owns 19,140 shares of the company’s stock valued at $341,000 after buying an additional 200 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of First Connecticut Bancorp by 1.3% in the third quarter. D. E. Shaw & Co. Inc. now owns 20,699 shares of the company’s stock valued at $368,000 after buying an additional 264 shares in the last quarter. Alliancebernstein L.P. increased its stake 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 in the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of First Connecticut Bancorp by 1.0% in the third quarter. California State Teachers Retirement System now owns 29,607 shares of the company’s stock valued at $527,000 after buying an additional 300 shares in the last quarter. Institutional investors own 46.19% of the company’s stock.

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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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