Q4 2017 Earnings Forecast for First Connecticut Bancorp, Inc. (NASDAQ:FBNK) Issued By FIG Partners

First Connecticut Bancorp, Inc. (NASDAQ:FBNK) – Stock analysts at FIG Partners dropped their Q4 2017 earnings estimates for shares of First Connecticut Bancorp in a research note issued on Thursday. FIG Partners analyst D. Bishop now anticipates that the bank will earn $0.34 per share for the quarter, down from their prior forecast of $0.35.

Other equities research analysts have also issued research reports about the company. BidaskClub lowered First Connecticut Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded First Connecticut Bancorp from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Friday. Finally, Piper Jaffray Companies lowered First Connecticut Bancorp from an “overweight” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research report on Wednesday, June 14th.

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First Connecticut Bancorp (NASDAQ FBNK) traded up 1.16% during midday trading on Monday, hitting $26.20. The stock had a trading volume of 8,966 shares. The stock has a market capitalization of $395.80 million, a price-to-earnings ratio of 22.57 and a beta of 0.66. The company’s 50 day moving average price is $26.07 and its 200-day moving average price is $24.68. First Connecticut Bancorp has a 52 week low of $16.02 and a 52 week high of $27.50.

First Connecticut Bancorp (NASDAQ:FBNK) last released its quarterly earnings results on Friday, July 21st. The bank reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.01. The business had revenue of $23.70 million for the quarter, compared to analyst estimates of $23.36 million. First Connecticut Bancorp had a return on equity of 6.90% and a net margin of 17.10%.

Several large investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in shares of First Connecticut Bancorp by 0.4% in the first quarter. Bank of America Corp DE now owns 126,499 shares of the bank’s stock valued at $3,138,000 after buying an additional 541 shares during the last quarter. American International Group Inc. raised its stake in shares of First Connecticut Bancorp by 6.8% in the first quarter. American International Group Inc. now owns 8,581 shares of the bank’s stock valued at $213,000 after buying an additional 545 shares during the last quarter. FMR LLC raised its stake in shares of First Connecticut Bancorp by 0.6% in the first quarter. FMR LLC now owns 204,900 shares of the bank’s stock valued at $5,081,000 after buying an additional 1,300 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in shares of First Connecticut Bancorp by 1.4% in the first quarter. Mutual of America Capital Management LLC now owns 114,317 shares of the bank’s stock valued at $2,835,000 after buying an additional 1,559 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of First Connecticut Bancorp by 3.9% in the first quarter. Geode Capital Management LLC now owns 108,014 shares of the bank’s stock valued at $2,678,000 after buying an additional 4,019 shares during the last quarter. Institutional investors own 48.68% of the company’s stock.

First Connecticut Bancorp Company Profile

First Connecticut Bancorp, Inc (FCB) is a stock holding company. The Company operates through its subsidiary, Farmington Bank (the Bank), which is a full-service community bank with branch locations throughout central Connecticut and western Massachusetts. The Bank offers commercial and residential lending, as well as wealth management services.

Earnings History and Estimates for First Connecticut Bancorp (NASDAQ:FBNK)

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