NASDAQ:FBNK - First Connecticut Bancorp Stock Price, Price Target & More

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$31.60 +0.45 (+1.44 %)
(As of 06/20/2018 04:00 PM ET)
Previous Close$31.15
Today's Range$31.10 - $31.77
52-Week Range$23.25 - $31.77
Volume1.10 million shs
Average Volume60,408 shs
Market Capitalization$415.74 million
P/E Ratio23.94
Dividend Yield2.62%
Beta0.6
First Connecticut Bancorp logoFirst 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. 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. In addition, the company offers home equity loans and home equity lines of credit secured by owner-occupied one-to-four family residences; and installment and collateral consumer loans on new and used automobiles, loans collateralized by deposit accounts, and unsecured personal loans, as well as demand, revolving credit, and resort loans. Further, it provides wealth management and ATM services. As of February 27, 2018, the company operated 24 branch locations in central Connecticut and western Massachusetts. First Connecticut Bancorp, Inc. was founded in 1851 and is based in Farmington, Connecticut.

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Industry, Sector and Symbol

Industry Savings institutions, except federal
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:FBNK
CUSIP31985010
Phone860-676-4600

Debt

Debt-to-Equity Ratio1.28
Current Ratio1.14
Quick Ratio1.13

Price-To-Earnings

Trailing P/E Ratio23.94
Forward P/E Ratio18.59
P/E GrowthN/A

Sales & Book Value

Annual Sales$111.98 million
Price / Sales4.51
Cash Flow$1.8319 per share
Price / Cash17.25
Book Value$17.08 per share
Price / Book1.85

Profitability

EPS (Most Recent Fiscal Year)$1.32
Net Income$16.18 million
Net Margins14.85%
Return on Equity8.07%
Return on Assets0.72%

Miscellaneous

Employees349
Outstanding Shares15,990,000

First Connecticut Bancorp (NASDAQ:FBNK) Frequently Asked Questions

What is First Connecticut Bancorp's stock symbol?

First Connecticut Bancorp trades on the NASDAQ under the ticker symbol "FBNK."

How often does First Connecticut Bancorp pay dividends? What is the dividend yield for First Connecticut Bancorp?

First Connecticut Bancorp announced a quarterly dividend on Tuesday, May 22nd. Shareholders of record on Friday, June 1st will be given a dividend of $0.17 per share on Monday, June 11th. This represents a $0.68 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, May 31st. This is a positive change from First Connecticut Bancorp's previous quarterly dividend of $0.16. View First Connecticut Bancorp's Dividend History.

How were First Connecticut Bancorp's earnings last quarter?

First Connecticut Bancorp Inc (NASDAQ:FBNK) announced its quarterly earnings results on Thursday, April, 19th. The bank reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.02. The bank earned $24.07 million during the quarter, compared to analyst estimates of $24.35 million. First Connecticut Bancorp had a net margin of 14.85% and a return on equity of 8.07%. View First Connecticut Bancorp's Earnings History.

What price target have analysts set for FBNK?

1 equities research analysts have issued 1 year price objectives for First Connecticut Bancorp's stock. Their forecasts range from $26.00 to $26.00. On average, they expect First Connecticut Bancorp's share price to reach $26.00 in the next twelve months. View Analyst Ratings for First Connecticut Bancorp.

Who are some of First Connecticut Bancorp's key competitors?

Who are First Connecticut Bancorp's key executives?

First Connecticut Bancorp's management team includes the folowing people:
  • Mr. John J. Patrick Jr., Chairman, Pres & CEO (Age 59)
  • Mr. Gregory A. White, Exec. VP, Treasurer & CFO (Age 54)
  • Mr. Kenneth F. Burns, Exec. VP and Director of Retail & Marketing (Age 58)
  • Mr. Michael T. Schweighoffer, Exec. VP & Chief Lending Officer (Age 55)
  • Ms. Catherine M. Burns, Exec. VP & Chief Risk Officer (Age 57)

Has First Connecticut Bancorp been receiving favorable news coverage?

Media stories about FBNK stock have been trending positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Connecticut Bancorp earned a news sentiment score of 0.43 on Accern's scale. They also assigned press coverage about the bank an impact score of 48.26 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.

Who are First Connecticut Bancorp's major shareholders?

First Connecticut Bancorp's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.77%), The Manufacturers Life Insurance Company (4.04%), Dimensional Fund Advisors LP (3.11%), Hennessy Advisors Inc. (1.16%), Wells Fargo & Company MN (0.93%) and Private Capital Group LLC (0.46%). Company insiders that own First Connecticut Bancorp stock include James T Healey Jr, John J Carson, John J Jr Patrick, Kenneth F Burns, Michael A Ziebka, Patience Peirce Mcdowell and Ronald A Bucchi. View Institutional Ownership Trends for First Connecticut Bancorp.

Which major investors are selling First Connecticut Bancorp stock?

FBNK stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Spark Investment Management LLC, BlackRock Inc., Thrivent Financial for Lutherans and Stifel Financial Corp. View Insider Buying and Selling for First Connecticut Bancorp.

Which major investors are buying First Connecticut Bancorp stock?

FBNK stock was bought by a variety of institutional investors in the last quarter, including Private Capital Group LLC, Dimensional Fund Advisors LP, Teton Advisors Inc., Wells Fargo & Company MN, The Manufacturers Life Insurance Company , Hennessy Advisors Inc. and LSV Asset Management. Company insiders that have bought First Connecticut Bancorp stock in the last two years include James T Healey Jr, John J Carson, John J Jr Patrick, Kenneth F Burns, Patience Peirce Mcdowell and Ronald A Bucchi. View Insider Buying and Selling for First Connecticut Bancorp.

How do I buy shares of First Connecticut Bancorp?

Shares of FBNK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is First Connecticut Bancorp's stock price today?

One share of FBNK stock can currently be purchased for approximately $31.60.

How big of a company is First Connecticut Bancorp?

First Connecticut Bancorp has a market capitalization of $415.74 million and generates $111.98 million in revenue each year. The bank earns $16.18 million in net income (profit) each year or $1.32 on an earnings per share basis. First Connecticut Bancorp employs 349 workers across the globe.

How can I contact First Connecticut Bancorp?

First Connecticut Bancorp's mailing address is ONE FARM GLEN BOULEVARD, FARMINGTON CT, 06032. The bank can be reached via phone at 860-676-4600 or via email at [email protected]


MarketBeat Community Rating for First Connecticut Bancorp (FBNK)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  113 (Vote Outperform)
Underperform Votes:  122 (Vote Underperform)
Total Votes:  235
MarketBeat's community ratings are surveys of what our community members think about First Connecticut Bancorp and other stocks. Vote "Outperform" if you believe FBNK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FBNK will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 6/20/2018 by MarketBeat.com Staff

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