SG Americas Securities LLC acquired a new stake in First Connecticut Bancorp Inc (NASDAQ:FBNK) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 9,360 shares of the bank’s stock, valued at approximately $250,000. SG Americas Securities LLC owned 0.06% of First Connecticut Bancorp as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FBNK. Goldman Sachs Group Inc. bought a new stake in shares of First Connecticut Bancorp during the 2nd quarter worth approximately $210,000. California Public Employees Retirement System bought a new stake in shares of First Connecticut Bancorp during the 2nd quarter worth approximately $239,000. Thrivent Financial For Lutherans bought a new stake in shares of First Connecticut Bancorp during the 2nd quarter worth approximately $391,000. Parametric Portfolio Associates LLC lifted its holdings in shares of First Connecticut Bancorp by 54.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 15,310 shares of the bank’s stock worth $393,000 after acquiring an additional 5,399 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of First Connecticut Bancorp during the 2nd quarter worth approximately $443,000. 49.47% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on FBNK. ValuEngine downgraded shares of First Connecticut Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Zacks Investment Research downgraded shares of First Connecticut Bancorp from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. BidaskClub downgraded shares of First Connecticut Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $26.00 price target on shares of First Connecticut Bancorp in a report on Sunday, September 17th.

Shares of First Connecticut Bancorp Inc (NASDAQ:FBNK) opened at $26.40 on Thursday. First Connecticut Bancorp Inc has a twelve month low of $20.50 and a twelve 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. The firm has a market cap of $419.56, a P/E ratio of 21.04 and a beta of 0.67.

First Connecticut Bancorp (NASDAQ:FBNK) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $0.35 EPS for the quarter, meeting 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.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Friday, December 8th were paid a $0.15 dividend. This is an increase from First Connecticut Bancorp’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.60 annualized dividend and a yield of 2.27%. First Connecticut Bancorp’s dividend payout ratio is presently 47.62%.

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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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