Dividend Alert: Dec 12, 2016 will mean $0.09 dividends for First Connecticut Bancorp, Inc. (NASDAQ:FBNK) shareholders.

Dividend Alert: Dec 12, 2016 will mean $0.09 dividends for First Connecticut Bancorp, Inc. (NASDAQ:FBNK) shareholders.

First Connecticut Bancorp, Inc. (NASDAQ:FBNK) is expected to pay $0.09 on Dec 12, 2016. The indicated annual dividend is $0.36. Shareholders owning the stock before Nov 30, 2016 will be eligible to receive the payout. Based on First Connecticut Bancorp, Inc.’s current price of $22.10, the dividend is 0.41%. This dividend’s record date is Dec 2, 2016 and the announcement date is Nov 23, 2016. The stock decreased 1.34% or $0.3 during the last trading session, hitting $22.1. First Connecticut Bancorp Inc (NASDAQ:FBNK) has risen 23.33% since April 26, 2016 and is uptrending. It has outperformed by 18.07% the S&P500.

First Connecticut Bancorp, Inc. is a stock holding company. The company has a market cap of $350.17 million. The Firm operates through its wholly owned subsidiary Farmington Bank , a community bank with over 20 branch locations throughout central Connecticut. It has a 24.98 P/E ratio. The Bank offers commercial and residential lending as well as wealth management services in Connecticut and western Massachusetts.

Insitutional Activity: The institutional sentiment decreased to 1.04 in Q2 2016. Its down 0.41, from 1.45 in 2016Q1. The ratio is negative, as 4 funds sold all First Connecticut Bancorp Inc shares owned while 18 reduced positions. 4 funds bought stakes while 28 increased positions. They now own 7.22 million shares or 0.64% less from 7.26 million shares in 2016Q1.
Teachers Advisors has 22,949 shares for 0% of their US portfolio. Deutsche National Bank Ag accumulated 0% or 39,800 shares. Pnc Svcs Group last reported 0% of its portfolio in the stock. Stifel Fin Corp accumulated 46,420 shares or 0% of the stock. Northern Trust Corp last reported 0% of its portfolio in the stock. Schwab Charles Investment Inc last reported 23,900 shares in the company. Tower Research Capital Llc (Trc) last reported 0% of its portfolio in the stock. Blackrock Institutional Trust Na holds 188,937 shares or 0% of its portfolio. Bnp Paribas Arbitrage owns 542 shares or 0% of their US portfolio. Legal & General Group Public Limited Co accumulated 0% or 2,681 shares. Metropolitan Life Ins Ny has 0% invested in the company for 11,013 shares. Barclays Public Limited holds 0% of its portfolio in First Connecticut Bancorp Inc (NASDAQ:FBNK) for 75 shares. Strs Ohio holds 0% of its portfolio in First Connecticut Bancorp Inc (NASDAQ:FBNK) for 38,800 shares. Rhumbline Advisers has invested 0% of its portfolio in First Connecticut Bancorp Inc (NASDAQ:FBNK). National Bank & Trust Of America Corp De owns 126,589 shares or 0% of their US portfolio.

Insider Transactions: Since August 26, 2016, the stock had 3 insider purchases, and 1 insider sale for $20,389 net activity. On Friday, August 26 Carson John J bought $865 worth of the stock or 50 shares. McDowell Patience Peirce had bought 2,775 shares worth $50,119. Patrick John J Jr. also bought $19,201 worth of First Connecticut Bancorp Inc (NASDAQ:FBNK) on Tuesday, October 25. The insider Bucchi Ronald A sold 5,162 shares worth $90,574.

First Connecticut Bancorp Inc (NASDAQ:FBNK) Ratings Coverage

Out of 4 analysts covering First Connecticut Bancorp (NASDAQ:FBNK), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. First Connecticut Bancorp has been the topic of 9 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of First Connecticut Bancorp Inc (NASDAQ:FBNK) earned “Buy” rating by Compass Point on Friday, January 29. As per Thursday, April 14, the company rating was initiated by Piper Jaffray. Compass Point initiated it with “Buy” rating and $20 target price in Friday, August 7 report. The firm has “Neutral” rating given on Wednesday, November 16 by PiperJaffray. As per Friday, September 4, the company rating was downgraded by Keefe Bruyette & Woods. Piper Jaffray downgraded First Connecticut Bancorp Inc (NASDAQ:FBNK) on Wednesday, November 16 to “Neutral” rating. Zacks upgraded it to “Hold” rating and $18 target price in Wednesday, August 12 report. The stock of First Connecticut Bancorp Inc (NASDAQ:FBNK) has “Market Perform” rating given on Friday, September 4 by Wood.

More news for First Connecticut Bancorp Inc (NASDAQ:FBNK) were recently published by: Reuters.com, which released: “BRIEF-First Connecticut Bancorp Inc increases quarterly dividend” on November 22, 2016. Globenewswire.com‘s article titled: “First Connecticut Bancorp, Inc. Increases Quarterly Dividend” and published on November 22, 2016 is yet another important article.

FBNK Company Profile

First Connecticut Bancorp, Inc. (FCB), incorporated on January 27, 2011, is a stock holding company. The Firm operates through its subsidiary Farmington Bank (the Bank), which is a full-service community bank with over 20 branch locations throughout central Connecticut and western Massachusetts. The Bank offers commercial and residential lending as well as wealth management services.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment