Schwab Charles Investment Management Inc. Continues to Hold Position in First Connecticut Bancorp Inc (FBNK)

Schwab Charles Investment Management Inc. continued to hold its stake in shares of First Connecticut Bancorp Inc (NASDAQ:FBNK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,900 shares of the bank’s stock at the close of the second quarter. Schwab Charles Investment Management Inc. owned about 0.16% of First Connecticut Bancorp worth $614,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Bowling Portfolio Management LLC bought a new position in First Connecticut Bancorp during the 2nd quarter valued at approximately $457,000. Bank of America Corp DE increased its position in First Connecticut Bancorp by 0.4% during the 1st quarter. Bank of America Corp DE now owns 126,499 shares of the bank’s stock valued at $3,138,000 after buying an additional 541 shares in the last quarter. Dimensional Fund Advisors LP increased its position in First Connecticut Bancorp by 5.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 359,878 shares of the bank’s stock valued at $8,925,000 after buying an additional 19,589 shares in the last quarter. Geode Capital Management LLC increased its position in First Connecticut Bancorp by 3.9% during the 1st quarter. Geode Capital Management LLC now owns 108,014 shares of the bank’s stock valued at $2,678,000 after buying an additional 4,019 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in First Connecticut Bancorp by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 562,763 shares of the bank’s stock valued at $13,956,000 after buying an additional 6,464 shares in the last quarter. 48.95% of the stock is owned by hedge funds and other institutional investors.

First Connecticut Bancorp Inc (NASDAQ FBNK) opened at $26.00 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market cap of $421.16 million, a price-to-earnings ratio of 21.12 and a beta of 0.68.

First Connecticut Bancorp (NASDAQ:FBNK) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $0.35 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. The business had revenue of $24.15 million during the quarter, compared to analyst estimates of $25.30 million. equities analysts predict that First Connecticut Bancorp Inc will post 1.35 earnings per share for the current year.

FBNK has been the subject of a number of analyst reports. Zacks Investment Research raised First Connecticut Bancorp from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Friday, July 21st. Piper Jaffray Companies reaffirmed a “hold” rating and set a $26.00 price objective on shares of First Connecticut Bancorp in a research report on Sunday, September 17th. ValuEngine raised First Connecticut Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, BidaskClub raised First Connecticut Bancorp from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th.

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First Connecticut Bancorp Company Profile

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.

Institutional Ownership by Quarter for First Connecticut Bancorp (NASDAQ:FBNK)

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