Shares of First Connecticut Bancorp Inc (NASDAQ:FBNK) have received a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.

Brokers have set a 12 month consensus price objective of $27.75 for the company and are anticipating that the company will post $0.35 EPS for the current quarter, according to Zacks. Zacks has also assigned First Connecticut Bancorp an industry rank of 164 out of 265 based on the ratings given to related companies.

FBNK has been the topic of several research analyst reports. BidaskClub raised First Connecticut Bancorp from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research downgraded First Connecticut Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. ValuEngine downgraded First Connecticut Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $26.00 price target on shares of First Connecticut Bancorp in a research report on Sunday, September 17th.

Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. acquired a new stake in First Connecticut Bancorp during the second quarter worth about $210,000. Citadel Advisors LLC acquired a new stake in First Connecticut Bancorp during the third quarter worth about $238,000. JPMorgan Chase & Co. grew its position in First Connecticut Bancorp by 154.7% during the third quarter. JPMorgan Chase & Co. now owns 8,906 shares of the bank’s stock worth $238,000 after buying an additional 5,410 shares in the last quarter. California Public Employees Retirement System acquired a new stake in First Connecticut Bancorp during the second quarter worth about $239,000. Finally, SG Americas Securities LLC acquired a new stake in First Connecticut Bancorp during the third quarter worth about $250,000. 49.47% of the stock is currently owned by institutional investors and hedge funds.

Shares of First Connecticut Bancorp (FBNK) traded down $0.15 during trading hours on Monday, hitting $25.50. The stock had a trading volume of 15,629 shares, compared to its average volume of 33,375. The firm has a market capitalization of $409.19, a P/E ratio of 20.52 and a beta of 0.67. First Connecticut Bancorp has a 12 month low of $20.50 and a 12 month high of $28.50. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.99.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, December 8th will be given a $0.15 dividend. This is an increase from First Connecticut Bancorp’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Thursday, December 7th. First Connecticut Bancorp’s dividend payout ratio (DPR) is currently 47.62%.

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First Connecticut Bancorp Company 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.

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