First Connecticut Bancorp Inc Sentiment Improves on Better Stock Potential

May 24, 2018 - By Marguerite Chambers

Sentiment for First Connecticut Bancorp Inc (NASDAQ:FBNK)

First Connecticut Bancorp Inc (NASDAQ:FBNK) institutional sentiment increased to 1.44 in Q4 2017. Its up 0.14, from 1.3 in 2017Q3. The ratio increased, as 46 investment managers opened new and increased positions, while 32 decreased and sold their stock positions in First Connecticut Bancorp Inc. The investment managers in our partner’s database now own: 7.63 million shares, down from 7.86 million shares in 2017Q3. Also, the number of investment managers holding First Connecticut Bancorp Inc in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 12 Reduced: 20 Increased: 35 New Position: 11.

First Connecticut Bancorp, Inc. operates as the holding firm for Farmington Bank that provides various consumer and commercial banking services to businesses, individuals, and governments in the United States. The company has market cap of $413.83 million. The firm offers various deposit instruments, including checking, savings, money market savings, and negotiable order of withdrawal accounts, as well as fixed-rate time deposits. It has a 25.39 P/E ratio. It also provides one-to-four family residential real estate loans; commercial real estate loans; construction loans, such as commercial construction loans and real estate subdivision development loans to developers, licensed contractors, and builders for the construction and development of commercial real estate projects and residential properties, as well as loans to individuals and contractors for the construction and acquisition of personal residences; and commercial loans comprising term loans, revolving lines of credit for working capital needs, equipment lines of credit to facilitate the purchase of equipment, and letters of credit.

The stock decreased 0.19% or $0.05 during the last trading session, reaching $25.9. About 39,693 shares traded or 78.80% up from the average. First Connecticut Bancorp, Inc. (NASDAQ:FBNK) has risen 7.13% since May 24, 2017 and is uptrending. It has underperformed by 4.42% the S&P500.

Analysts await First Connecticut Bancorp, Inc. (NASDAQ:FBNK) to report earnings on July, 18. They expect $0.42 EPS, up 35.48 % or $0.11 from last year’s $0.31 per share. FBNK’s profit will be $6.71 million for 15.42 P/E if the $0.42 EPS becomes a reality. After $0.38 actual EPS reported by First Connecticut Bancorp, Inc. for the previous quarter, Wall Street now forecasts 10.53 % EPS growth.

Clover Partners L.P. holds 3.59% of its portfolio in First Connecticut Bancorp, Inc. for 144,050 shares. Fj Capital Management Llc owns 782,800 shares or 2.56% of their US portfolio. Moreover, M Holdings Securities Inc. has 1.27% invested in the company for 120,000 shares. The Massachusetts-based Rutabaga Capital Management Llc Ma has invested 1.21% in the stock. Alphaone Investment Services Llc, a Pennsylvania-based fund reported 52,810 shares.

Since January 1, 0001, it had 3 insider buys, and 0 sales for $34,382 activity.

First Connecticut Bancorp, Inc. (NASDAQ:FBNK) Ratings Coverage

Ratings analysis reveals 50% of First Connecticut Bancorp Inc’s analysts are positive. Out of 2 Wall Street analysts rating First Connecticut Bancorp Inc, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. FBNK was included in 2 notes of analysts from December 21, 2017. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. The firm has “Overweight” rating given on Monday, February 5 by PiperJaffray.

Another recent and important First Connecticut Bancorp, Inc. (NASDAQ:FBNK) news was published by Globenewswire.com which published an article titled: “First Connecticut Bancorp, Inc. Increases Quarterly Dividend to $0.17” on May 22, 2018.

First Connecticut Bancorp, Inc. (NASDAQ:FBNK) Institutional Positions Chart

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