Polaris Capital Management LLC Has $1,059,000 Holdings in First Connecticut Bancorp, Inc. (FBNK)

Polaris Capital Management LLC maintained its position in First Connecticut Bancorp, Inc. (NASDAQ:FBNK) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,300 shares of the bank’s stock at the end of the second quarter. Polaris Capital Management LLC owned about 0.27% of First Connecticut Bancorp worth $1,059,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. bought a new position in First Connecticut Bancorp during the 2nd quarter worth $210,000. American International Group Inc. increased its stake in First Connecticut Bancorp by 6.8% during the 1st quarter. American International Group Inc. now owns 8,581 shares of the bank’s stock worth $213,000 after acquiring an additional 545 shares during the period. California Public Employees Retirement System bought a new position in First Connecticut Bancorp during the 2nd quarter worth $239,000. Oxford Asset Management bought a new position in First Connecticut Bancorp during the 1st quarter worth $240,000. Finally, Thrivent Financial For Lutherans bought a new position in First Connecticut Bancorp during the 2nd quarter worth $391,000. Hedge funds and other institutional investors own 49.03% of the company’s stock.

Shares of First Connecticut Bancorp, Inc. (FBNK) remained flat at $28.35 during trading on Friday. 6,414 shares of the company’s stock traded hands. The firm has a market cap of $428.96 million, a P/E ratio of 24.42 and a beta of 0.68. First Connecticut Bancorp, Inc. has a 12-month low of $17.35 and a 12-month high of $28.45. The firm’s 50-day moving average is $25.92 and its 200 day moving average is $25.51.

First Connecticut Bancorp (NASDAQ:FBNK) last released its earnings results on Friday, July 21st. The bank reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). The firm had revenue of $23.70 million during the quarter, compared to the consensus estimate of $23.36 million. First Connecticut Bancorp had a net margin of 17.10% and a return on equity of 6.84%. Equities research analysts forecast that First Connecticut Bancorp, Inc. will post $1.36 EPS for the current fiscal year.

Several equities analysts have recently issued reports on the company. BidaskClub lowered First Connecticut Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research lowered First Connecticut Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. ValuEngine upgraded First Connecticut Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $26.00 price target on shares of First Connecticut Bancorp in a research note on Sunday, September 17th.

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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.

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

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