Todays Report: Today, First Connecticut Bancorp Inc. (FBNK) to Issue Quarterly Dividend of $0.09 on December 12th

Today, First Connecticut Bancorp Inc. (FBNK) to Issue Quarterly Dividend of $0.09 on  December 12th

First Connecticut Bancorp Inc. (NASDAQ:FBNK) announced a quarterly dividend on Tuesday, November 22nd. Stockholders of record on Friday, December 2nd will be paid a dividend of 0.09 per share on Monday, December 12th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Wednesday, November 30th. This is a boost from First Connecticut Bancorp’s previous quarterly dividend of $0.06.

Shares of First Connecticut Bancorp (NASDAQ:FBNK) opened at 22.10 on Tuesday. The company has a market capitalization of $329.80 million, a PE ratio of 24.80 and a beta of 0.45. First Connecticut Bancorp has a one year low of $14.42 and a one year high of $22.95. The stock has a 50 day moving average of $19.03 and a 200-day moving average of $17.37.

First Connecticut Bancorp (NASDAQ:FBNK) last posted its quarterly earnings results on Wednesday, October 19th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. First Connecticut Bancorp had a net margin of 13.60% and a return on equity of 5.32%. On average, equities analysts forecast that First Connecticut Bancorp will post $0.98 earnings per share for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. boosted its position in First Connecticut Bancorp by 1.3% in the third quarter. D. E. Shaw & Co. Inc. now owns 20,699 shares of the company’s stock worth $368,000 after buying an additional 264 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in First Connecticut Bancorp during the third quarter worth $8,826,000. Northern Trust Corp boosted its position in First Connecticut Bancorp by 3.4% in the third quarter. Northern Trust Corp now owns 165,566 shares of the company’s stock worth $2,946,000 after buying an additional 5,457 shares during the last quarter. California State Teachers Retirement System boosted its position in First Connecticut Bancorp by 1.0% in the third quarter. California State Teachers Retirement System now owns 29,607 shares of the company’s stock worth $527,000 after buying an additional 300 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in First Connecticut Bancorp by 1.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 191,258 shares of the company’s stock worth $3,402,000 after buying an additional 2,321 shares during the last quarter. Hedge funds and other institutional investors own 46.73% of the company’s stock.

Separately, Piper Jaffray Cos. cut shares of First Connecticut Bancorp from an “overweight” rating to a “neutral” rating and set a $19.00 price objective for the company. in a report on Wednesday, November 16th.

First Connecticut Bancorp Company Profile

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