EPS for First Connecticut Bancorp, Inc. (FBNK) Expected At $0.41

March 18, 2018 - By Hazel Jackson

 EPS for First Connecticut Bancorp, Inc. (FBNK) Expected At $0.41
Investors sentiment decreased to 1.3 in 2017 Q3. Its down 0.18, from 1.48 in 2017Q2. It worsened, as 4 investors sold First Connecticut Bancorp, Inc. shares while 29 reduced holdings. 14 funds opened positions while 29 raised stakes. 7.86 million shares or 1.13% more from 7.78 million shares in 2017Q2 were reported.
Citigroup reported 2 shares or 0% of all its holdings. The New York-based Alliancebernstein Ltd Partnership has invested 0% in First Connecticut Bancorp, Inc. (NASDAQ:FBNK). Morgan Stanley accumulated 77,973 shares. Northern Corp holds 179,325 shares or 0% of its portfolio. Tiaa Cref Inv Management Ltd holds 39,661 shares. Moreover, Hillsdale Inv Mgmt Incorporated has 0.13% invested in First Connecticut Bancorp, Inc. (NASDAQ:FBNK). Clover Partners Limited Partnership stated it has 6.2% in First Connecticut Bancorp, Inc. (NASDAQ:FBNK). Ajo Limited Partnership holds 0.01% of its portfolio in First Connecticut Bancorp, Inc. (NASDAQ:FBNK) for 50,753 shares. 751,000 are owned by Fj Limited Liability Corporation. D E Shaw & Incorporated accumulated 29,098 shares or 0% of the stock. Wedge Cap Management L Ltd Partnership Nc stated it has 0.01% in First Connecticut Bancorp, Inc. (NASDAQ:FBNK). 17,441 are held by Bowling Mgmt. First Advisors L P holds 31,396 shares or 0% of its portfolio. California State Teachers Retirement Systems reported 22,814 shares. 113,295 are held by Geode Mngmt Ltd Llc.

Since January 29, 2018, it had 3 insider purchases, and 0 selling transactions for $34,382 activity. Patrick John J Jr. had bought 370 shares worth $9,632.

Analysts expect First Connecticut Bancorp, Inc. (NASDAQ:FBNK) to report $0.41 EPS on April, 17.They anticipate $0.09 EPS change or 28.13 % from last quarter’s $0.32 EPS. FBNK’s profit would be $6.21M giving it 16.55 P/E if the $0.41 EPS is correct. After having $0.34 EPS previously, First Connecticut Bancorp, Inc.’s analysts see 20.59 % EPS growth. The stock increased 0.93% or $0.25 during the last trading session, reaching $27.15. About 55,663 shares traded or 171.59% up from the average. First Connecticut Bancorp, Inc. (NASDAQ:FBNK) has risen 51.52% since March 18, 2017 and is uptrending. It has outperformed by 34.82% the S&P500.

First Connecticut Bancorp, Inc. (NASDAQ:FBNK) Ratings Coverage

Among 5 analysts covering First Connecticut Bancorp (NASDAQ:FBNK), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. First Connecticut Bancorp had 18 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of First Connecticut Bancorp, Inc. (NASDAQ:FBNK) earned “Hold” rating by Zacks on Wednesday, August 12. On Tuesday, August 22 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. Keefe Bruyette & Woods maintained First Connecticut Bancorp, Inc. (NASDAQ:FBNK) on Tuesday, October 3 with “Hold” rating. The stock of First Connecticut Bancorp, Inc. (NASDAQ:FBNK) earned “Hold” rating by Piper Jaffray on Wednesday, October 18. PiperJaffray downgraded the stock to “Neutral” rating in Wednesday, November 16 report. The stock has “Neutral” rating by Piper Jaffray on Wednesday, November 16. Keefe Bruyette & Woods maintained it with “Hold” rating and $29.0 target in Thursday, December 21 report. The firm has “Overweight” rating given on Monday, February 5 by PiperJaffray. As per Wednesday, June 14, the company rating was downgraded by PiperJaffray. Keefe Bruyette & Woods downgraded it to “Market Perform” rating and $17.50 target in Friday, September 4 report.

First Connecticut Bancorp, Inc. operates as the holding firm for Farmington Bank that provides various consumer and commercial banking services to businesses, individuals, and governments in the United States. The company has market cap of $410.95 million. The firm offers various deposit instruments, including checking, savings, money market savings, and negotiable order of withdrawal accounts, as well as fixed-rate time deposits. It has a 26.62 P/E ratio. It also provides one-to-four family residential real estate loans; commercial real estate loans; construction loans, such as commercial construction loans and real estate subdivision development loans to developers, licensed contractors, and builders for the construction and development of commercial real estate projects and residential properties, as well as loans to individuals and contractors for the construction and acquisition of personal residences; and commercial loans comprising term loans, revolving lines of credit for working capital needs, equipment lines of credit to facilitate the purchase of equipment, and letters of credit.

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