$0.41 EPS Expected for First Connecticut Bancorp, Inc. (FBNK)

March 19, 2018 - By Migdalia James

 $0.41 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 dropped, 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.
Moreover, Hillsdale Investment has 0.13% invested in First Connecticut Bancorp, Inc. (NASDAQ:FBNK) for 28,000 shares. State Board Of Administration Of Florida Retirement Systems reported 19,184 shares. 41,300 are owned by Polaris Capital Mngmt Limited Liability Company. 3,917 were accumulated by Legal And General Grp Public Ltd Co. Morgan Stanley invested in 77,973 shares or 0% of the stock. Prospector Prtnrs Ltd Liability holds 97,600 shares or 0.4% of its portfolio. Renaissance Techs Ltd Liability holds 326,448 shares. D E Shaw & Inc owns 0% invested in First Connecticut Bancorp, Inc. (NASDAQ:FBNK) for 29,098 shares. Product Prtnrs has invested 0.01% in First Connecticut Bancorp, Inc. (NASDAQ:FBNK). First Tru Advsrs L P reported 31,396 shares. Fmr Ltd Liability has invested 0% in First Connecticut Bancorp, Inc. (NASDAQ:FBNK). Credit Suisse Ag holds 9,297 shares. 577,496 were reported by Clover Prtnrs L P. Sg Americas Secs Lc holds 0% in First Connecticut Bancorp, Inc. (NASDAQ:FBNK) or 9,360 shares. Brandywine Invest Mngmt Lc stated it has 36,943 shares.

Since January 29, 2018, it had 3 buys, and 0 sales for $34,382 activity. Shares for $2,896 were bought by Healey James T Jr on Tuesday, February 6.

Analysts expect First Connecticut Bancorp, Inc. (NASDAQ:FBNK) to report $0.41 EPS on April, 17.They anticipate $0.09 EPS change or 28.13 % from last quarter’s $0.32 EPS. FBNK’s profit would be $6.22M giving it 16.40 P/E if the $0.41 EPS is correct. After having $0.34 EPS previously, First Connecticut Bancorp, Inc.’s analysts see 20.59 % EPS growth. The stock decreased 0.92% or $0.25 during the last trading session, reaching $26.9. About 12,195 shares traded. First Connecticut Bancorp, Inc. (NASDAQ:FBNK) has risen 51.52% since March 19, 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), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. First Connecticut Bancorp had 18 analyst reports since August 7, 2015 according to SRatingsIntel. As per Wednesday, August 12, the company rating was upgraded by Zacks. On Tuesday, January 31 the stock rating was upgraded by Piper Jaffray to “Overweight”. The firm has “Hold” rating by Keefe Bruyette & Woods given on Tuesday, October 3. The firm has “Neutral” rating given on Wednesday, November 16 by Piper Jaffray. As per Friday, September 4, the company rating was downgraded by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained it with “Hold” rating and $29.0 target in Thursday, December 21 report. The stock of First Connecticut Bancorp, Inc. (NASDAQ:FBNK) earned “Buy” rating by Compass Point on Friday, August 7. The company was maintained on Friday, January 29 by Compass Point. On Monday, February 5 the stock rating was upgraded by PiperJaffray to “Overweight”. The stock of First Connecticut Bancorp, Inc. (NASDAQ:FBNK) earned “Hold” rating by Keefe Bruyette & Woods on Tuesday, August 22.

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 $407.81 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 26.37 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.

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