Institutional Investor Sentiment About First Connecticut Bancorp Inc (NASDAQ:FBNK) Improved

April 20, 2018 - By Clifton Ray

Sentiment for First Connecticut Bancorp Inc (NASDAQ:FBNK)

First Connecticut Bancorp Inc (NASDAQ:FBNK) institutional sentiment increased to 1.44 in 2017 Q4. Its up 0.14, from 1.3 in 2017Q3. The ratio improved, as 46 active investment managers increased and opened new stock positions, while 32 sold and reduced positions in First Connecticut Bancorp Inc. The active investment managers in our partner’s database now hold: 7.63 million shares, down from 7.86 million shares in 2017Q3. Also, the number of active investment managers holding First Connecticut Bancorp Inc in their top 10 stock 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 $391.03 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 25.2 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 increased 1.18% or $0.3 during the last trading session, reaching $25.7. About 28,083 shares traded or 33.59% up from the average. First Connecticut Bancorp, Inc. (NASDAQ:FBNK) has risen 7.13% since April 20, 2017 and is uptrending. It has underperformed by 4.42% the S&P500.

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 buys, and 0 insider 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. Keefe Bruyette & Woods maintained First Connecticut Bancorp, Inc. (NASDAQ:FBNK) on Thursday, December 21 with “Hold” rating. PiperJaffray upgraded First Connecticut Bancorp, Inc. (NASDAQ:FBNK) on Monday, February 5 to “Overweight” rating.

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

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