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.
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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