First Connecticut Bancorp Inc (FBNK) Analysts See $0.35 EPS

September 17, 2017 - By Dolores Ford

 First Connecticut Bancorp Inc (FBNK) Analysts See $0.35 EPS
Investors sentiment increased to 1.15 in Q4 2016. Its up 0.11, from 1.04 in 2016Q3. It increased, as 3 investors sold First Connecticut Bancorp Inc shares while 23 reduced holdings. 12 funds opened positions while 18 raised stakes. 7.60 million shares or 6.86% more from 7.11 million shares in 2016Q3 were reported.
Bridgeway Management Inc holds 20,900 shares. D E Shaw & reported 20,362 shares. Renaissance Tech Lc holds 0.01% in First Connecticut Bancorp Inc (NASDAQ:FBNK) or 248,700 shares. Strs Ohio, a Ohio-based fund reported 30,400 shares. Blackrock Incorporated accumulated 0% or 2,771 shares. Commercial Bank Of America De stated it has 125,958 shares. Blackrock Fund Advisors invested in 468,758 shares. Meeder Asset Mngmt Inc accumulated 598 shares. Moreover, Prospector Partners Llc has 0.4% invested in First Connecticut Bancorp Inc (NASDAQ:FBNK). Brandywine Global Inv Limited Co reported 0.04% of its portfolio in First Connecticut Bancorp Inc (NASDAQ:FBNK). Penn Inc stated it has 0.22% in First Connecticut Bancorp Inc (NASDAQ:FBNK). Tiaa Cref Invest Lc reported 0% stake. State Street Corp owns 279,697 shares. Moreover, Metropolitan Life Insur New York has 0% invested in First Connecticut Bancorp Inc (NASDAQ:FBNK) for 11,013 shares. California State Teachers Retirement Sys stated it has 28,807 shares or 0% of all its holdings.

Since June 14, 2017, it had 1 buying transaction, and 0 insider sales for $7,495 activity.

Wall Street await First Connecticut Bancorp Inc (NASDAQ:FBNK) to release earnings on October, 18. Analysts forecast earnings per share of $0.35, up exactly $0.11 or 45.83 % from 2014’s $0.24 EPS. The expected FBNK’s profit could reach $5.58 million giving the stock 17.61 P/E in the case that $0.35 earnings per share is reported. After posting $0.31 EPS for the previous quarter, First Connecticut Bancorp Inc’s analysts now forecast 12.90 % EPS growth. The stock decreased 0.80% or $0.2 on September 15, reaching $24.65. About 98,224 shares traded or 200.79% up from the average. First Connecticut Bancorp Inc (NASDAQ:FBNK) has risen 51.52% since September 17, 2016 and is uptrending. It has outperformed by 34.82% the S&P500.

First Connecticut Bancorp Inc (NASDAQ:FBNK) Ratings Coverage

Among 5 analysts covering First Connecticut Bancorp (NASDAQ:FBNK), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. First Connecticut Bancorp had 13 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, July 20. The company was downgraded on Wednesday, November 16 by PiperJaffray. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Tuesday, August 22 report. The rating was initiated by Piper Jaffray with “Overweight” on Thursday, April 14. The rating was downgraded by Wood to “Market Perform” on Friday, September 4. The rating was downgraded by PiperJaffray on Wednesday, June 14 to “Neutral”. Piper Jaffray upgraded the stock to “Overweight” rating in Tuesday, January 31 report. The firm has “Hold” rating given on Wednesday, August 12 by Zacks. The company was maintained on Friday, January 29 by Compass Point. Keefe Bruyette & Woods downgraded it to “Market Perform” rating and $17.50 target in Friday, September 4 report.

First Connecticut Bancorp, Inc. is a stock holding company. The company has market cap of $393.05 million. The Firm operates through its subsidiary, Farmington Bank (the Bank), which is a full-service community bank with branch locations throughout central Connecticut and western Massachusetts. It has a 21.24 P/E ratio. The Bank offers commercial and residential lending, as well as wealth management services.

More news for First Connecticut Bancorp Inc (NASDAQ:FBNK) were recently published by: Nasdaq.com, which released: “The Zacks Analyst Blog Highlights: First Connecticut Bancorp, Orrstown …” on August 18, 2017. Globenewswire.com‘s article titled: “First Connecticut Bancorp, Inc. Increases Quarterly Dividend $0.02 and Sets …” and published on March 01, 2017 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.