Prospector Partners LLC reduced its stake in First Connecticut Bancorp Inc (NASDAQ:FBNK) by 4.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,600 shares of the bank’s stock after selling 5,000 shares during the period. Prospector Partners LLC owned approximately 0.61% of First Connecticut Bancorp worth $2,611,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Goldman Sachs Group Inc. bought a new stake in First Connecticut Bancorp during the second quarter valued at $210,000. JPMorgan Chase & Co. boosted its stake in First Connecticut Bancorp by 154.7% during the third quarter. JPMorgan Chase & Co. now owns 8,906 shares of the bank’s stock valued at $238,000 after buying an additional 5,410 shares during the period. Citadel Advisors LLC bought a new stake in First Connecticut Bancorp during the third quarter valued at $238,000. California Public Employees Retirement System bought a new stake in First Connecticut Bancorp during the second quarter valued at $239,000. Finally, SG Americas Securities LLC bought a new stake in First Connecticut Bancorp during the third quarter valued at $250,000. 49.47% of the stock is owned by institutional investors.

Shares of First Connecticut Bancorp Inc (FBNK) opened at $26.00 on Friday. The stock has a market capitalization of $417.17, a price-to-earnings ratio of 20.92 and a beta of 0.67. First Connecticut Bancorp Inc has a 52 week low of $20.50 and a 52 week high of $28.50. 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 released its quarterly earnings results on Wednesday, October 18th. The bank reported $0.35 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.35. First Connecticut Bancorp had a return on equity of 7.43% and a net margin of 18.24%. The business had revenue of $24.15 million for the quarter, compared to the consensus estimate of $25.30 million. equities analysts expect that First Connecticut Bancorp Inc will post 1.35 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, December 8th will be given a dividend of $0.15 per share. This is an increase from First Connecticut Bancorp’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, December 7th. This represents a $0.60 dividend on an annualized basis and a yield of 2.31%. First Connecticut Bancorp’s dividend payout ratio (DPR) is presently 44.44%.

FBNK has been the subject of several research analyst reports. BidaskClub raised First Connecticut Bancorp from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Zacks Investment Research lowered First Connecticut Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. ValuEngine raised First Connecticut Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $26.00 price objective on shares of First Connecticut Bancorp in a research note on Sunday, September 17th.

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First Connecticut Bancorp 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.

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

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