First Connecticut Bancorp, Inc. (FBNK) Shares Bought by Mendon Capital Advisors Corp

Mendon Capital Advisors Corp raised its position in shares of First Connecticut Bancorp, Inc. (NASDAQ:FBNK) by 27.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 185,854 shares of the bank’s stock after buying an additional 40,443 shares during the period. Mendon Capital Advisors Corp owned 1.23% of First Connecticut Bancorp worth $4,609,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Trexquant Investment LP bought a new position in First Connecticut Bancorp during the first quarter worth about $208,000. American International Group Inc. raised its position in First Connecticut Bancorp by 6.8% in the first quarter. American International Group Inc. now owns 8,581 shares of the bank’s stock worth $213,000 after buying an additional 545 shares in the last quarter. Oxford Asset Management acquired a new stake in shares of First Connecticut Bancorp during the first quarter worth $240,000. Russell Investments Group Ltd. acquired a new stake in shares of First Connecticut Bancorp during the fourth quarter worth $297,000. Finally, Teachers Advisors LLC raised its stake in shares of First Connecticut Bancorp by 10.7% in the first quarter. Teachers Advisors LLC now owns 25,413 shares of the bank’s stock worth $630,000 after buying an additional 2,464 shares in the last quarter. Institutional investors own 47.93% of the company’s stock.

Institutional Ownership by Quarter for First Connecticut Bancorp (NASDAQ:FBNK)

Shares of First Connecticut Bancorp, Inc. (FBNK) traded down 0.77% during midday trading on Monday, hitting $25.70. The stock had a trading volume of 33,179 shares. The company has a market cap of $387.76 million, a P/E ratio of 23.77 and a beta of 0.66. First Connecticut Bancorp, Inc. has a one year low of $15.74 and a one year high of $27.50. The firm has a 50 day moving average of $25.84 and a 200-day moving average of $24.01.

First Connecticut Bancorp (NASDAQ:FBNK) last issued its quarterly earnings data on Tuesday, April 18th. The bank reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.06. The firm had revenue of $22.42 million during the quarter, compared to analysts’ expectations of $21.77 million. First Connecticut Bancorp had a net margin of 16.39% and a return on equity of 6.35%. On average, analysts forecast that First Connecticut Bancorp, Inc. will post $1.32 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 12th. Stockholders of record on Friday, June 2nd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Wednesday, May 31st. This is a boost from First Connecticut Bancorp’s previous quarterly dividend of $0.11. First Connecticut Bancorp’s dividend payout ratio is 44.44%.

WARNING: “First Connecticut Bancorp, Inc. (FBNK) Shares Bought by Mendon Capital Advisors Corp” was originally published by BBNS and is the sole property of of BBNS. If you are accessing this article on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The original version of this article can be read at https://baseballnewssource.com/markets/mendon-capital-advisors-corp-acquires-40443-shares-of-first-connecticut-bancorp-inc-fbnk-updated/985273.html.

FBNK has been the topic of a number of analyst reports. Piper Jaffray Companies lowered First Connecticut Bancorp from an “overweight” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a report on Wednesday, June 14th. Zacks Investment Research lowered First Connecticut Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 28th.

First Connecticut Bancorp Company Profile

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.

Receive News & Ratings for First Connecticut Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Connecticut Bancorp Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Tigers Decline Means Justin Verlander Could be on the Block
Tigers Decline Means Justin Verlander Could be on the Block
Miami Marlins Trade Adeiny Hechavarria to Tampa Bay
Miami Marlins Trade Adeiny Hechavarria to Tampa Bay
Baltimore Orioles Pitching Staff Continue to Fail
Baltimore Orioles Pitching Staff Continue to Fail
Cody Bellinger Continues Strong June at the Plate
Cody Bellinger Continues Strong June at the Plate
Hitters in Major League Baseball on Record Home Run Pace
Hitters in Major League Baseball on Record Home Run Pace
Atlanta Considering Playing Freddie Freeman at Third
Atlanta Considering Playing Freddie Freeman at Third


Leave a Reply

 
© 2006-2017 BBNS.