$0.35 EPS Expected for First Connecticut Bancorp, Inc. (FBNK)

January 14, 2018 - By Jacob Falcon

 $0.35 EPS Expected for First Connecticut Bancorp, Inc. (FBNK)
Investors sentiment decreased to 1.3 in 2017 Q3. Its down 0.18, from 1.48 in 2017Q2. It turned negative, as 4 investors sold First Connecticut Bancorp, Inc. shares while 29 reduced holdings. 14 funds opened positions while 29 raised stakes. 7.86 million shares or 1.13% more from 7.78 million shares in 2017Q2 were reported.
Clover Ptnrs Limited Partnership reported 6.2% of its portfolio in First Connecticut Bancorp, Inc. (NASDAQ:FBNK). Menta Cap Limited Com owns 23,919 shares. 77,973 are held by Morgan Stanley. D E Shaw & Com has invested 0% of its portfolio in First Connecticut Bancorp, Inc. (NASDAQ:FBNK). 25,500 were reported by Strs Ohio. Essex Service Inc accumulated 36,132 shares. Nationwide Fund Advisors owns 0% invested in First Connecticut Bancorp, Inc. (NASDAQ:FBNK) for 9,969 shares. Corbyn Investment Inc Md reported 28,461 shares or 0.24% of all its holdings. Tiaa Cref Mgmt Ltd Liability Com holds 0% or 39,661 shares in its portfolio. Wedge Mngmt L Lp Nc has 40,600 shares. State Board Of Administration Of Florida Retirement Sys holds 19,184 shares. Rutabaga Mngmt Llc Ma holds 1.28% or 224,167 shares in its portfolio. Northern Trust owns 0% invested in First Connecticut Bancorp, Inc. (NASDAQ:FBNK) for 179,325 shares. Meeder Asset Mngmt owns 568 shares for 0% of their portfolio. First Tru Advsr Lp owns 0% invested in First Connecticut Bancorp, Inc. (NASDAQ:FBNK) for 31,396 shares.

Analysts expect First Connecticut Bancorp, Inc. (NASDAQ:FBNK) to report $0.35 EPS on January, 24.They anticipate $0.08 EPS change or 29.63 % from last quarter’s $0.27 EPS. FBNK’s profit would be $5.28 million giving it 19.32 P/E if the $0.35 EPS is correct. After having $0.35 EPS previously, First Connecticut Bancorp, Inc.’s analysts see 0.00 % EPS growth. The stock increased 0.74% or $0.2 during the last trading session, reaching $27.05. About 15,345 shares traded. First Connecticut Bancorp, Inc. (NASDAQ:FBNK) has risen 51.52% since January 14, 2017 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), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. First Connecticut Bancorp has $29.0 highest and $17 lowest target. $22.10’s average target is -18.30% below currents $27.05 stock price. First Connecticut Bancorp had 17 analyst reports since August 7, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained First Connecticut Bancorp, Inc. (NASDAQ:FBNK) on Tuesday, August 22 with “Hold” rating. The company was downgraded on Friday, September 4 by Wood. The company was maintained on Tuesday, October 3 by Keefe Bruyette & Woods. On Thursday, October 19 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The stock of First Connecticut Bancorp, Inc. (NASDAQ:FBNK) earned “Buy” rating by Compass Point on Friday, August 7. The rating was maintained by Compass Point on Friday, January 29 with “Buy”. The stock of First Connecticut Bancorp, Inc. (NASDAQ:FBNK) has “Overweight” rating given on Tuesday, January 31 by Piper Jaffray. Keefe Bruyette & Woods downgraded First Connecticut Bancorp, Inc. (NASDAQ:FBNK) on Friday, September 4 to “Market Perform” rating. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. Piper Jaffray maintained the shares of FBNK in report on Wednesday, October 18 with “Hold” rating.

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 $408.43 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 21.47 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.

More recent First Connecticut Bancorp, Inc. (NASDAQ:FBNK) news were published by: Globenewswire.com which released: “First Connecticut Bancorp, Inc. to Present at the Piper Jaffray New England …” on August 22, 2017. Also Nasdaq.com published the news titled: “First Connecticut Bancorp, Inc. (FBNK) Ex-Dividend Date Scheduled for December …” on December 06, 2017. Globenewswire.com‘s news article titled: “First Connecticut Bancorp, Inc. Increases Quarterly Dividend” with publication date: August 22, 2017 was also an interesting one.

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