The California Public Employees Retirement System decides to keep it stake in First Connecticut Bancorp Inc. (FBNK) to the level of $444,000

The California Public Employees Retirement System decides to keep it stake in First Connecticut Bancorp Inc. (FBNK) to the level of $444,000

California Public Employees Retirement System held its position in shares of First Connecticut Bancorp Inc. (NASDAQ:FBNK) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 26,800 shares of the company’s stock at the end of the second quarter. California Public Employees Retirement System owned about 0.18% of First Connecticut Bancorp worth $444,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Mendon Capital Advisors Corp raised its stake in First Connecticut Bancorp by 11.9% in the second quarter. Mendon Capital Advisors Corp now owns 145,411 shares of the company’s stock valued at $2,408,000 after buying an additional 15,411 shares in the last quarter. Kennedy Capital Management Inc. raised its stake in First Connecticut Bancorp by 88.4% in the first quarter. Kennedy Capital Management Inc. now owns 130,300 shares of the company’s stock valued at $2,080,000 after buying an additional 61,132 shares in the last quarter. Bank of New York Mellon Corp raised its stake in First Connecticut Bancorp by 7.6% in the second quarter. Bank of New York Mellon Corp now owns 105,188 shares of the company’s stock valued at $1,742,000 after buying an additional 7,418 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in First Connecticut Bancorp by 18.9% in the second quarter. Mutual of America Capital Management LLC now owns 87,753 shares of the company’s stock valued at $1,453,000 after buying an additional 13,922 shares in the last quarter. Finally, Strs Ohio raised its stake in First Connecticut Bancorp by 3.2% in the second quarter. Strs Ohio now owns 38,800 shares of the company’s stock valued at $642,000 after buying an additional 1,200 shares in the last quarter. Institutional investors own 45.72% of the company’s stock.

First Connecticut Bancorp Inc. (NASDAQ:FBNK) traded up 0.28% during midday trading on Friday, reaching $18.10. The company had a trading volume of 14,027 shares. First Connecticut Bancorp Inc. has a 52 week low of $14.42 and a 52 week high of $18.40. The firm has a 50-day moving average price of $17.75 and a 200-day moving average price of $16.94. The company has a market capitalization of $268.30 million, a price-to-earnings ratio of 20.31 and a beta of 0.43.

First Connecticut Bancorp (NASDAQ:FBNK) last released its quarterly earnings data on Wednesday, October 19th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. First Connecticut Bancorp had a return on equity of 5.36% and a net margin of 13.60%. Analysts expect that First Connecticut Bancorp Inc. will post $0.98 EPS for the current fiscal year.

In other news, Director Ronald A. Bucchi sold 5,162 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $17.55, for a total transaction of $90,593.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Patience Peirce Mcdowell purchased 2,775 shares of the stock in a transaction dated Thursday, September 8th. The shares were purchased at an average cost of $18.06 per share, for a total transaction of $50,116.50. Following the completion of the acquisition, the director now directly owns 1,783 shares in the company, valued at $32,200.98. The disclosure for this purchase can be found here. 9.10% of the stock is owned by corporate insiders.

First Connecticut Bancorp Company Profile

First Connecticut Bancorp, Inc is a stock holding company. The Company operates through its wholly owned subsidiary Farmington Bank (the Bank), a community bank with over 20 branch locations throughout central Connecticut. The Bank offers commercial and residential lending as well as wealth management services in Connecticut and western Massachusetts.

Related posts

Leave a Comment