First Connecticut Bancorp Inc (NASDAQ:FBNK) Director James T. Healey, Jr. purchased 883 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of $24.75 per share, for a total transaction of $21,854.25. Following the purchase, the director now owns 1,192 shares of the company’s stock, valued at $29,502. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

First Connecticut Bancorp Inc (FBNK) traded down $0.25 during trading on Monday, reaching $24.75. 23,371 shares of the company were exchanged, compared to its average volume of 20,909. The stock has a market capitalization of $398.82, a P/E ratio of 24.51 and a beta of 0.61. 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 Inc has a 52 week low of $23.15 and a 52 week high of $28.50.

First Connecticut Bancorp (NASDAQ:FBNK) last released its quarterly earnings results on Wednesday, January 24th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). First Connecticut Bancorp had a net margin of 14.46% and a return on equity of 7.85%. The business had revenue of $23.69 million for the quarter, compared to analysts’ expectations of $24.89 million. sell-side analysts anticipate that First Connecticut Bancorp Inc will post 1.73 EPS for the current year.

A number of research firms recently issued reports on FBNK. Zacks Investment Research raised shares of First Connecticut Bancorp from a “sell” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, December 19th. Piper Jaffray Companies raised shares of First Connecticut Bancorp from a “neutral” rating to an “overweight” rating in a research note on Monday, February 5th. BidaskClub raised shares of First Connecticut Bancorp from a “strong sell” rating to a “sell” rating in a research note on Monday, February 5th. Finally, ValuEngine downgraded shares of First Connecticut Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd.

Institutional investors and hedge funds have recently made changes to their positions in the company. FNY Partners Fund LP purchased a new stake in shares of First Connecticut Bancorp in the fourth quarter valued at $200,000. Goldman Sachs Group Inc. purchased a new stake in shares of First Connecticut Bancorp in the second quarter valued at $210,000. Citadel Advisors LLC purchased a new position in First Connecticut Bancorp in the 3rd quarter worth about $238,000. JPMorgan Chase & Co. increased its stake in First Connecticut Bancorp by 154.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,906 shares of the bank’s stock worth $238,000 after buying an additional 5,410 shares during the period. Finally, California Public Employees Retirement System purchased a new position in First Connecticut Bancorp in the 2nd quarter worth about $239,000. 49.13% of the stock is currently owned by institutional investors and hedge funds.

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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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