First Connecticut Bancorp Inc (NASDAQ:FBNK) announced a quarterly dividend on Wednesday, February 28th, Wall Street Journal reports. Investors of record on Friday, March 9th will be given a dividend of 0.16 per share by the bank on Monday, March 19th. This represents a $0.64 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, March 8th. This is an increase from First Connecticut Bancorp’s previous quarterly dividend of $0.15.
First Connecticut Bancorp (NASDAQ FBNK) opened at $27.10 on Wednesday. First Connecticut Bancorp has a twelve month low of $23.15 and a twelve month high of $28.50. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $436.72, a P/E ratio of 20.72 and a beta of 0.59.
First Connecticut Bancorp (NASDAQ:FBNK) last released its quarterly earnings data on Wednesday, January 24th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $23.69 million for the quarter, compared to analyst estimates of $24.89 million. First Connecticut Bancorp had a return on equity of 7.85% and a net margin of 14.46%. analysts expect that First Connecticut Bancorp will post 1.73 EPS for the current fiscal year.
In other First Connecticut Bancorp news, Director Kenneth F. Burns sold 1,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $25.27, for a total value of $25,270.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders acquired 1,370 shares of company stock valued at $34,381. Insiders own 10.70% of the company’s stock.
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About First Connecticut Bancorp
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.
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