First Connecticut Bancorp Inc (FBNK) Analysts See $0.33 EPS

July 18, 2017 - By Ellis Scott

 First Connecticut Bancorp Inc (FBNK) Analysts See $0.33 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.
Blackrock reported 2,771 shares. Northern Tru holds 167,548 shares or 0% of its portfolio. New York State Common Retirement Fund reported 14,700 shares stake. Blackrock Fund Advsr has invested 0% of its portfolio in First Connecticut Bancorp Inc (NASDAQ:FBNK). Morgan Stanley accumulated 88,339 shares. Penn Mgmt invested in 0.22% or 153,102 shares. Corbyn Investment Mgmt Md accumulated 37,301 shares. Nationwide Fund Advsr has invested 0% in First Connecticut Bancorp Inc (NASDAQ:FBNK). Manufacturers Life Ins The stated it has 500,791 shares or 0.02% of all its holdings. State Street holds 0% in First Connecticut Bancorp Inc (NASDAQ:FBNK) or 279,697 shares. Strs Ohio accumulated 30,400 shares. Vanguard Group Incorporated accumulated 556,299 shares. Blackrock Advisors Limited Liability Co accumulated 8,173 shares. Mendon Capital Advsrs Corp owns 0.34% invested in First Connecticut Bancorp Inc (NASDAQ:FBNK) for 145,411 shares. Legal & General Gp Public Limited Company stated it has 3,481 shares.

Since March 9, 2017, it had 2 insider purchases, and 0 sales for $55,752 activity. Bucchi Ronald A also bought $48,257 worth of First Connecticut Bancorp Inc (NASDAQ:FBNK) shares. Another trade for 290 shares valued at $7,495 was bought by Patrick John J Jr..

Analysts await First Connecticut Bancorp Inc (NASDAQ:FBNK) to report earnings on July, 19. They expect $0.33 EPS, up 50.00 % or $0.11 from last year’s $0.22 per share. FBNK’s profit will be $5.21M for 20.00 P/E if the $0.33 EPS becomes a reality. After $0.32 actual EPS reported by First Connecticut Bancorp Inc for the previous quarter, Wall Street now forecasts 3.13 % EPS growth. The stock increased 0.38% or $0.1 during the last trading session, reaching $26.4. About shares traded. First Connecticut Bancorp Inc (NASDAQ:FBNK) has risen 51.52% since July 18, 2016 and is uptrending. It has outperformed by 34.82% the S&P500.

First Connecticut Bancorp Inc (NASDAQ:FBNK) Ratings Coverage

Among 4 analysts covering First Connecticut Bancorp (NASDAQ:FBNK), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. First Connecticut Bancorp had 11 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Wednesday, November 16 by Piper Jaffray. The rating was initiated by Piper Jaffray on Thursday, April 14 with “Overweight”. On Wednesday, August 12 the stock rating was upgraded by Zacks to “Hold”. PiperJaffray downgraded the shares of FBNK in report on Wednesday, June 14 to “Neutral” rating. Piper Jaffray upgraded the shares of FBNK in report on Tuesday, January 31 to “Overweight” rating. The stock of First Connecticut Bancorp Inc (NASDAQ:FBNK) has “Market Perform” rating given on Friday, September 4 by Keefe Bruyette & Woods. Wood downgraded it to “Market Perform” rating and $17.50 target in Friday, September 4 report. The rating was downgraded by PiperJaffray on Wednesday, November 16 to “Neutral”. Compass Point maintained it with “Buy” rating and $19 target in Friday, January 29 report. Compass Point initiated it with “Buy” rating and $20 target in Friday, August 7 report.

First Connecticut Bancorp, Inc. is a stock holding company. The company has market cap of $416.44 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 24.35 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: Globenewswire.com, which released: “First Connecticut Bancorp, Inc. Increases Quarterly Dividend $0.02 and Sets …” on March 01, 2017. Seekingalpha.com‘s article titled: “First Connecticut Bancorp: A Buyout Candidate?” and published on July 03, 2016 is yet another important article.

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