Citadel Advisors LLC Invests $238,000 in First Connecticut Bancorp Inc (FBNK) Stock

Citadel Advisors LLC acquired a new stake in First Connecticut Bancorp Inc (NASDAQ:FBNK) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,901 shares of the bank’s stock, valued at approximately $238,000. Citadel Advisors LLC owned about 0.06% of First Connecticut Bancorp at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FBNK. Seizert Capital Partners LLC acquired a new stake in First Connecticut Bancorp in the 2nd quarter valued at about $2,148,000. AJO LP acquired a new stake in shares of First Connecticut Bancorp during the 2nd quarter worth about $1,338,000. Chicago Equity Partners LLC acquired a new stake in shares of First Connecticut Bancorp during the 2nd quarter worth about $1,253,000. AlphaOne Investment Services LLC acquired a new stake in shares of First Connecticut Bancorp during the 2nd quarter worth about $1,181,000. Finally, Wedge Capital Management L L P NC acquired a new stake in shares of First Connecticut Bancorp during the 3rd quarter worth about $1,086,000. 49.47% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on the stock. ValuEngine cut shares of First Connecticut Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Zacks Investment Research cut shares of First Connecticut Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. BidaskClub cut shares of First Connecticut Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $26.00 price target on shares of First Connecticut Bancorp in a research note on Sunday, September 17th.

Shares of First Connecticut Bancorp Inc (NASDAQ FBNK) opened at $26.65 on Friday. First Connecticut Bancorp Inc has a 12 month low of $20.50 and a 12 month high of $28.50. The stock has a market cap of $425.15, a PE ratio of 20.64 and a beta of 0.67. 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 (NASDAQ:FBNK) last released its quarterly earnings results on Wednesday, October 18th. The bank reported $0.35 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. First Connecticut Bancorp had a net margin of 18.24% and a return on equity of 7.43%. The company had revenue of $24.15 million for the quarter, compared to analysts’ expectations of $25.30 million. sell-side analysts predict that First Connecticut Bancorp Inc will post 1.35 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, December 8th will be paid a dividend of $0.15 per share. This is a boost from First Connecticut Bancorp’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, December 7th. First Connecticut Bancorp’s dividend payout ratio (DPR) is currently 47.62%.

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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.

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

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