First Connecticut Bancorp (NASDAQ:FBNK) Given Daily Media Sentiment Rating of 0.10
News stories about First Connecticut Bancorp (NASDAQ:FBNK) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Connecticut Bancorp earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 47.8322314202659 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
FBNK has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of First Connecticut Bancorp from a “hold” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, April 25th. Piper Jaffray Companies cut shares of First Connecticut Bancorp from an “overweight” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a research report on Wednesday, June 14th. Finally, BidaskClub cut shares of First Connecticut Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th.
Shares of First Connecticut Bancorp (NASDAQ FBNK) traded down 1.26% on Friday, hitting $23.45. 28,556 shares of the stock traded hands. The stock’s 50 day moving average price is $25.71 and its 200 day moving average price is $24.95. First Connecticut Bancorp has a 52-week low of $16.37 and a 52-week high of $27.50. The stock has a market cap of $354.82 million, a P/E ratio of 20.20 and a beta of 0.65.
First Connecticut Bancorp (NASDAQ:FBNK) last issued its quarterly earnings data on Friday, July 21st. The bank reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $23.70 million during the quarter, compared to analysts’ expectations of $23.36 million. First Connecticut Bancorp had a return on equity of 6.84% and a net margin of 17.10%. On average, equities analysts expect that First Connecticut Bancorp will post $1.36 EPS for the current fiscal year.
WARNING: This article was reported by Daily Political and is owned by of Daily Political. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://www.dailypolitical.com/2017/08/13/first-connecticut-bancorp-nasdaqfbnk-given-daily-media-sentiment-rating-of-0-10.html.
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.
Receive News & Ratings for First Connecticut Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Connecticut Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.