News stories about First Connecticut Bancorp (NASDAQ:FBNK) have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Connecticut Bancorp earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.1430376569317 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of FBNK stock opened at $25.95 on Friday. The stock has a market capitalization of $412.23, a PE ratio of 19.66 and a beta of 0.56. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.11 and a quick ratio of 1.11. First Connecticut Bancorp has a one year low of $23.25 and a one year high of $28.50.
First Connecticut Bancorp (NASDAQ:FBNK) last announced its earnings results on Wednesday, January 24th. The bank reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.02). The firm had revenue of $23.69 million during the quarter, compared to analysts’ expectations of $24.89 million. First Connecticut Bancorp had a net margin of 14.46% and a return on equity of 7.82%. equities research analysts anticipate that First Connecticut Bancorp will post 1.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 19th. Stockholders of record on Friday, March 9th were issued a $0.16 dividend. The ex-dividend date was Thursday, March 8th. This represents a $0.64 annualized dividend and a dividend yield of 2.47%. This is an increase from First Connecticut Bancorp’s previous quarterly dividend of $0.15. First Connecticut Bancorp’s dividend payout ratio is currently 48.48%.
Several research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of First Connecticut Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, March 27th. BidaskClub upgraded shares of First Connecticut Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, March 3rd. Finally, Piper Jaffray upgraded shares of First Connecticut Bancorp from a “neutral” rating to an “overweight” rating in a report on Monday, February 5th.
In other news, Director Kenneth F. Burns sold 1,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $25.27, for a total value of $25,270.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders bought 1,370 shares of company stock valued at $34,381. 10.80% of the stock is currently owned by corporate insiders.
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About First Connecticut Bancorp
First Connecticut Bancorp, Inc operates as the holding company for Farmington Bank that provides various consumer and commercial banking services to businesses and individuals in the United States. The company offers various deposit instruments, including checking, savings, money market savings, and negotiable order of withdrawal accounts, as well as fixed-rate time deposits.
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