News coverage about First Connecticut Bancorp (NASDAQ:FBNK) has trended somewhat negative recently, according to Accern. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Connecticut Bancorp earned a media sentiment score of -0.03 on Accern’s scale. Accern also gave media stories about the bank an impact score of 48.0365638986632 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
FBNK stock opened at $25.65 on Friday. First Connecticut Bancorp has a 12-month low of $25.40 and a 12-month high of $25.55. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.14 and a quick ratio of 1.13. The company has a market capitalization of $405.35 million, a price-to-earnings ratio of 19.43 and a beta of 0.57.
First Connecticut Bancorp (NASDAQ:FBNK) last released its earnings results on Thursday, April 19th. The bank reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). First Connecticut Bancorp had a return on equity of 8.07% and a net margin of 14.85%. The company had revenue of $24.07 million during the quarter, compared to analysts’ expectations of $24.35 million. research analysts expect that First Connecticut Bancorp will post 1.7 earnings per share for the current fiscal year.
Several equities research analysts recently commented on FBNK shares. Piper Jaffray upgraded shares of First Connecticut Bancorp from a “neutral” rating to an “overweight” rating in a research report on Monday, February 5th. Zacks Investment Research downgraded shares of First Connecticut Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. Finally, BidaskClub upgraded shares of First Connecticut Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, March 3rd.
In other First Connecticut Bancorp news, Director Kenneth F. Burns sold 1,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $25.27, for a total value of $25,270.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.80% of the stock is owned by corporate insiders.
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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