First Connecticut Bancorp (NASDAQ:FBNK) will be issuing its quarterly earnings data on Thursday, April 19th. Analysts expect the company to announce earnings of $0.40 per share for the quarter.
First Connecticut Bancorp (NASDAQ:FBNK) last released its quarterly earnings results on Wednesday, January 24th. The bank reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). First Connecticut Bancorp had a net margin of 14.46% and a return on equity of 7.82%. The business had revenue of $23.69 million for the quarter, compared to analyst estimates of $24.89 million. On average, analysts expect First Connecticut Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
FBNK stock opened at $26.25 on Tuesday. First Connecticut Bancorp has a fifty-two week low of $23.25 and a fifty-two week high of $28.50. The firm has a market cap of $416.23, a P/E ratio of 19.89 and a beta of 0.56. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.94.
FBNK has been the subject of several research reports. Piper Jaffray raised First Connecticut Bancorp from a “neutral” rating to an “overweight” rating in a research note on Monday, February 5th. Zacks Investment Research raised First Connecticut Bancorp from a “sell” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday, December 19th. Finally, BidaskClub raised First Connecticut Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, March 3rd.
In other news, Director Kenneth F. Burns sold 1,000 shares of First Connecticut Bancorp stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $25.27, for a total value of $25,270.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought a total of 1,370 shares of company stock valued at $34,381 over the last three months. Insiders own 10.80% of the company’s stock.
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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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