First Connecticut Bancorp Inc (FBNK) Director Acquires $21,854.25 in Stock
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.
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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