First Connecticut Bancorp (FBNK) Receives Daily Media Impact Rating of 0.00
Media stories about First Connecticut Bancorp (NASDAQ:FBNK) have been trending somewhat negative this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Connecticut Bancorp earned a news sentiment score of 0.00 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 49.9563414068692 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Edited Transcript of FBNK earnings conference call or presentation 19-Apr-18 2:30pm GMT (finance.yahoo.com)
- First Connecticut Bancorp Expected to Post Q2 2018 Earnings of $0.40 Per Share (FBNK) (americanbankingnews.com)
- FY2018 Earnings Forecast for First Connecticut Bancorp Issued By FIG Partners (FBNK) (americanbankingnews.com)
- Piper Jaffray Analysts Reduce Earnings Estimates for First Connecticut Bancorp (FBNK) (americanbankingnews.com)
- Zacks Investment Research Downgrades First Connecticut Bancorp (FBNK) to Sell (americanbankingnews.com)
FBNK stock opened at $24.75 on Friday. The stock has a market cap of $398.65, a PE ratio of 18.75 and a beta of 0.56. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.94. First Connecticut Bancorp has a 1 year low of $23.25 and a 1 year high of $28.50.
FBNK has been the topic of a number of research analyst reports. BidaskClub raised shares of First Connecticut Bancorp from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. Zacks Investment Research raised shares of First Connecticut Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Friday, December 29th. Finally, Piper Jaffray raised shares of First Connecticut Bancorp from a “neutral” rating to an “overweight” rating in a research report on Monday, February 5th.
In other news, Director Kenneth F. Burns sold 1,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $25.27, for a total transaction of $25,270.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have bought a total of 1,370 shares of company stock worth $34,381 in the last three months. Insiders own 10.80% of the company’s stock.
About First Connecticut Bancorp
First Connecticut Bancorp, Inc operates as the holding company for Farmington Bank that provides various consumer and commercial banking services to businesses and individuals in the United States. The company offers various deposit instruments, including checking, savings, money market savings, and negotiable order of withdrawal accounts, as well as fixed-rate time deposits.
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