SG Americas Securities LLC Takes Position in First Connecticut Bancorp Inc (FBNK)
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.
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.
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