First Trust Advisors LP reduced its stake in shares of First Connecticut Bancorp Inc. (NASDAQ:FBNK) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,860 shares of the company’s stock after selling 119 shares during the period. First Trust Advisors LP owned 0.15% of First Connecticut Bancorp worth $379,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Hennessy Advisors Inc. increased its stake in shares of First Connecticut Bancorp by 72.9% in the second quarter. Hennessy Advisors Inc. now owns 250,670 shares of the company’s stock valued at $4,151,000 after buying an additional 105,670 shares in the last quarter. Kennedy Capital Management Inc. increased 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 worth $2,080,000 after buying an additional 61,132 shares during the period. Mendon Capital Advisors Corp increased 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 worth $2,408,000 after buying an additional 15,411 shares during the period. Amici Capital LLC purchased a new stake in First Connecticut Bancorp during the first quarter worth $239,000. Finally, Mutual of America Capital Management LLC increased 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 worth $1,453,000 after buying an additional 13,922 shares during the period. 45.72% of the stock is currently owned by institutional investors.
First Connecticut Bancorp Inc. (NASDAQ:FBNK) traded up 1.26% during midday trading on Friday, reaching $17.63. The company had a trading volume of 316 shares. The firm has a market capitalization of $262.90 million, a P/E ratio of 19.37 and a beta of 0.43. First Connecticut Bancorp Inc. has a one year low of $14.42 and a one year high of $18.40. The stock’s 50 day moving average price is $17.65 and its 200-day moving average price is $16.79.
First Connecticut Bancorp (NASDAQ:FBNK) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. First Connecticut Bancorp had a return on equity of 5.45% and a net margin of 14.22%. On average, equities research analysts anticipate that First Connecticut Bancorp Inc. will post $0.97 earnings per share for the current year.
In other news, Director Ronald A. Bucchi sold 5,162 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $17.55, for a total transaction of $90,593.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Patience Peirce Mcdowell bought 2,775 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were acquired at an average cost of $18.06 per share, for a total transaction of $50,116.50. Following the transaction, the director now directly owns 1,783 shares in the company, valued at approximately $32,200.98. The disclosure for this purchase can be found here. 9.10% of the stock is owned by 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.