First Connecticut Bancorp, Inc. (NASDAQ:FBNK) Shares Sold by Seizert Capital Partners LLC

Seizert Capital Partners LLC lowered its stake in shares of First Connecticut Bancorp, Inc. (NASDAQ:FBNK) by 10.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,769 shares of the bank’s stock after selling 8,956 shares during the period. Seizert Capital Partners LLC owned about 0.49% of First Connecticut Bancorp worth $2,000,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. AJO LP acquired a new position in First Connecticut Bancorp during the second quarter worth about $1,338,000. Chicago Equity Partners LLC acquired a new position in First Connecticut Bancorp in the 2nd quarter valued at about $1,253,000. AlphaOne Investment Services LLC acquired a new position in First Connecticut Bancorp in the 2nd quarter valued at about $1,181,000. Dimensional Fund Advisors LP boosted its holdings in First Connecticut Bancorp by 8.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 390,596 shares of the bank’s stock valued at $10,019,000 after purchasing an additional 30,718 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in First Connecticut Bancorp by 216.2% in the 2nd quarter. First Trust Advisors LP now owns 35,999 shares of the bank’s stock valued at $923,000 after purchasing an additional 24,615 shares during the last quarter. 48.92% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently commented on FBNK shares. Zacks Investment Research lowered shares of First Connecticut Bancorp from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. ValuEngine downgraded shares of First Connecticut Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Piper Jaffray Companies reaffirmed a “hold” rating and set a $26.00 target price on shares of First Connecticut Bancorp in a research note on Sunday, September 17th. Finally, BidaskClub raised shares of First Connecticut Bancorp from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th.

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Shares of First Connecticut Bancorp, Inc. (NASDAQ FBNK) opened at $25.55 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $403.61, a P/E ratio of 20.24 and a beta of 0.68. First Connecticut Bancorp, Inc. has a 52-week low of $20.20 and a 52-week high of $28.50.

First Connecticut Bancorp (NASDAQ:FBNK) last posted its earnings results on Wednesday, October 18th. The bank reported $0.35 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.35. The firm had revenue of $24.15 million for 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%. equities research analysts anticipate that First Connecticut Bancorp, Inc. will post 1.35 earnings per share for the current year.

First Connecticut Bancorp 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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