News stories about First Connecticut Bancorp (NASDAQ:FBNK) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. First Connecticut Bancorp earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 46.5573241628245 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- First Connecticut Bancorp (FBNK) Rating Lowered to Hold at BidaskClub (americanbankingnews.com)
- First Connecticut Bancorp (FBNK) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
- First Connecticut Bancorp (FBNK) Scheduled to Post Quarterly Earnings on Thursday (americanbankingnews.com)
- BidaskClub Downgrades First Connecticut Bancorp (FBNK) to Sell (americanbankingnews.com)
- First Connecticut Bancorp (FBNK) Stock Rating Lowered by BidaskClub (americanbankingnews.com)
Shares of First Connecticut Bancorp stock opened at $26.10 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $416.23, a P/E ratio of 19.77 and a beta of 0.56. First Connecticut Bancorp has a 1 year low of $23.25 and a 1 year high of $28.50.
First Connecticut Bancorp (NASDAQ:FBNK) last issued its quarterly earnings results on Wednesday, January 24th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.02). The business had revenue of $23.69 million during the quarter, compared to the consensus estimate of $24.89 million. First Connecticut Bancorp had a return on equity of 7.82% and a net margin of 14.46%. equities research analysts expect that First Connecticut Bancorp will post 1.73 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 19th. Investors of record on Friday, March 9th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.45%. This is a positive change from First Connecticut Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, March 8th. First Connecticut Bancorp’s dividend payout ratio (DPR) is presently 48.48%.
Several research analysts recently issued reports on the stock. BidaskClub upgraded shares of First Connecticut Bancorp from a “strong sell” rating to a “sell” rating in a research note on Monday, February 5th. Zacks Investment Research upgraded shares of First Connecticut Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Friday, December 29th. Finally, Piper Jaffray upgraded shares of First Connecticut Bancorp from a “neutral” rating to an “overweight” rating in a research note on Monday, February 5th.
In related news, Director Kenneth F. Burns sold 1,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $25.27, for a total value of $25,270.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders purchased 1,370 shares of company stock valued at $34,381. 10.80% of the stock is owned by company insiders.
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First Connecticut Bancorp Company Profile
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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