Dupont Capital Management Corp lessened its position in First Connecticut Bancorp, Inc. (NASDAQ:FBNK) by 65.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,156 shares of the bank’s stock after selling 21,011 shares during the quarter. Dupont Capital Management Corp owned approximately 0.07% of First Connecticut Bancorp worth $298,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Chicago Equity Partners LLC acquired a new position in First Connecticut Bancorp in the 2nd quarter valued at approximately $1,253,000. Geode Capital Management LLC increased its stake in First Connecticut Bancorp by 3.9% in the 1st quarter. Geode Capital Management LLC now owns 108,014 shares of the bank’s stock valued at $2,678,000 after buying an additional 4,019 shares during the period. Bank of America Corp DE increased its stake in First Connecticut Bancorp by 0.4% in the 1st quarter. Bank of America Corp DE now owns 126,499 shares of the bank’s stock valued at $3,138,000 after buying an additional 541 shares during the period. Wells Fargo & Company MN increased its stake in First Connecticut Bancorp by 10.2% in the 2nd quarter. Wells Fargo & Company MN now owns 99,977 shares of the bank’s stock valued at $2,564,000 after buying an additional 9,214 shares during the period. Finally, American International Group Inc. increased its stake in First Connecticut Bancorp by 6.8% in the 1st quarter. American International Group Inc. now owns 8,581 shares of the bank’s stock valued at $213,000 after buying an additional 545 shares during the period. Institutional investors and hedge funds own 48.92% of the company’s stock.

First Connecticut Bancorp, Inc. (FBNK) opened at $25.30 on Monday. First Connecticut Bancorp, Inc. has a 12 month low of $18.87 and a 12 month high of $28.50. The company has a market cap of $403.61, a price-to-earnings ratio of 20.24 and a beta of 0.68. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.12.

First Connecticut Bancorp (NASDAQ:FBNK) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $0.35 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. The business had revenue of $24.15 million during the quarter, compared to the consensus estimate of $25.30 million. First Connecticut Bancorp had a net margin of 18.24% and a return on equity of 7.43%. research analysts forecast that First Connecticut Bancorp, Inc. will post 1.35 earnings per share for the current year.

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Several research analysts have weighed in on the stock. BidaskClub lowered shares of First Connecticut Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research lowered shares of First Connecticut Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. ValuEngine upgraded shares of First Connecticut Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Piper Jaffray Companies restated a “hold” rating and set a $26.00 price target on shares of First Connecticut Bancorp in a research note on Sunday, September 17th.

About First Connecticut Bancorp

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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Institutional Ownership by Quarter for First Connecticut Bancorp (NASDAQ:FBNK)

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