First Connecticut Bancorp Inc (FBNK) To Go Ex-Dividend on December 7th

First Connecticut Bancorp Inc (NASDAQ:FBNK) announced a quarterly dividend on Wednesday, November 29th, Wall Street Journal reports. Stockholders of record on Friday, December 8th will be given a dividend of 0.15 per share by the bank on Monday, December 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, December 7th. This is a boost from First Connecticut Bancorp’s previous quarterly dividend of $0.14.

First Connecticut Bancorp (NASDAQ FBNK) traded down $0.40 during midday trading on Wednesday, hitting $26.15. 19,100 shares of the stock were exchanged, compared to its average volume of 33,621. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.99. First Connecticut Bancorp has a 52 week low of $20.50 and a 52 week high of $28.50. The firm has a market capitalization of $423.55, a P/E ratio of 21.24 and a beta of 0.67.

First Connecticut Bancorp (NASDAQ:FBNK) last released its quarterly earnings results on Wednesday, October 18th. The bank reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. The company had revenue of $24.15 million during the quarter, compared to the consensus estimate of $25.30 million. First Connecticut Bancorp had a net margin of 18.24% and a return on equity of 7.43%. research analysts predict that First Connecticut Bancorp will post 1.35 earnings per share for the current year.

A number of brokerages have recently commented on FBNK. Zacks Investment Research lowered shares of First Connecticut Bancorp from a “buy” rating to a “hold” rating in a report on Friday, August 25th. ValuEngine lowered shares of First Connecticut Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. BidaskClub upgraded shares of First Connecticut Bancorp from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $26.00 target price on shares of First Connecticut Bancorp in a report on Sunday, September 17th.

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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.

Dividend History for First Connecticut Bancorp (NASDAQ:FBNK)

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