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

September 17, 2017 - By Nellie Frank

 $0.35 EPS Expected for First Connecticut Bancorp Inc (FBNK)
Investors sentiment increased to 1.15 in Q4 2016. Its up 0.11, from 1.04 in 2016Q3. It is positive, 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 Fund Advsr stated it has 468,758 shares. 556,299 were reported by Vanguard Inc. Legal & General Public Ltd Com reported 3,481 shares. Northern Tru Corporation stated it has 167,548 shares. Fmr Limited Liability Corp owns 0% invested in First Connecticut Bancorp Inc (NASDAQ:FBNK) for 203,600 shares. Creative Planning holds 0% in First Connecticut Bancorp Inc (NASDAQ:FBNK) or 20,000 shares. Tower Research Limited Co (Trc) holds 0.01% of its portfolio in First Connecticut Bancorp Inc (NASDAQ:FBNK) for 2,127 shares. Ejf Ltd Llc holds 0.85% or 500,000 shares in its portfolio. Bnp Paribas Arbitrage Sa has 810 shares for 0% of their portfolio. Wells Fargo And Mn has 103,859 shares for 0% of their portfolio. Metropolitan Life Insurance Ny holds 0% or 11,013 shares. 110,159 were reported by Bancorp Of New York Mellon. Spark Inv Mngmt holds 0.07% or 39,800 shares. Kennedy Cap Management Incorporated stated it has 0.08% in First Connecticut Bancorp Inc (NASDAQ:FBNK). Mutual Of America Cap Ltd Company holds 0.05% in First Connecticut Bancorp Inc (NASDAQ:FBNK) or 112,758 shares.

Since June 14, 2017, it had 1 insider buy, and 0 selling transactions for $7,495 activity.

Analysts expect First Connecticut Bancorp Inc (NASDAQ:FBNK) to report $0.35 EPS on October, 18.They anticipate $0.11 EPS change or 45.83 % from last quarter’s $0.24 EPS. FBNK’s profit would be $5.58 million giving it 17.61 P/E if the $0.35 EPS is correct. After having $0.31 EPS previously, First Connecticut Bancorp Inc’s analysts see 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 earned “Overweight” rating on Thursday, April 14 by Piper Jaffray. The firm has “Market Perform” rating by Wood given on Friday, September 4. Piper Jaffray downgraded the shares of FBNK in report on Wednesday, November 16 to “Neutral” rating. PiperJaffray downgraded the stock to “Neutral” rating in Wednesday, June 14 report. PiperJaffray downgraded the shares of FBNK in report on Wednesday, November 16 to “Neutral” rating. As per Tuesday, January 31, the company rating was upgraded by Piper Jaffray. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Tuesday, August 22. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, July 20. The firm has “Hold” rating given on Wednesday, August 12 by Zacks. The rating was downgraded by Keefe Bruyette & Woods on Friday, September 4 to “Market Perform”.

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

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