First Connecticut Bancorp (FBNK) Earns Daily News Impact Score of 0.12

News stories about First Connecticut Bancorp (NASDAQ:FBNK) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. First Connecticut Bancorp earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 45.7221289086651 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

First Connecticut Bancorp (NASDAQ FBNK) traded up 1.80% during midday trading on Thursday, hitting $28.35. 57,731 shares of the stock traded hands. The company’s 50-day moving average is $25.79 and its 200-day moving average is $25.49. First Connecticut Bancorp has a one year low of $17.32 and a one year high of $28.40. The company has a market cap of $428.96 million, a PE ratio of 24.42 and a beta of 0.68.

First Connecticut Bancorp (NASDAQ:FBNK) last issued its quarterly earnings results on Friday, July 21st. The bank reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). First Connecticut Bancorp had a return on equity of 6.84% and a net margin of 17.10%. The company had revenue of $23.70 million during the quarter, compared to the consensus estimate of $23.36 million. Equities research analysts expect that First Connecticut Bancorp will post $1.36 EPS for the current fiscal year.

Several research firms have recently issued reports on FBNK. ValuEngine cut shares of First Connecticut Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Piper Jaffray Companies cut shares of First Connecticut Bancorp from an “overweight” rating to a “neutral” rating and set a $26.00 price objective for the company. in a research report on Wednesday, June 14th. Zacks Investment Research cut shares of First Connecticut Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. Finally, BidaskClub cut shares of First Connecticut Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th.

WARNING: “First Connecticut Bancorp (FBNK) Earns Daily News Impact Score of 0.12” was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://www.com-unik.info/2017/10/12/first-connecticut-bancorp-fbnk-earns-daily-news-impact-score-of-0-12.html.

About First Connecticut Bancorp

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

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