Mutual of America Capital Management LLC Buys 6,924 Shares of First Connecticut Bancorp Inc (FBNK)

Mutual of America Capital Management LLC boosted its stake in shares of First Connecticut Bancorp Inc (NASDAQ:FBNK) by 5.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 125,454 shares of the bank’s stock after purchasing an additional 6,924 shares during the quarter. Mutual of America Capital Management LLC’s holdings in First Connecticut Bancorp were worth $3,281,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in First Connecticut Bancorp by 11.0% in the third quarter. Dimensional Fund Advisors LP now owns 433,738 shares of the bank’s stock valued at $11,602,000 after purchasing an additional 43,142 shares during the period. Wedge Capital Management L L P NC purchased a new stake in First Connecticut Bancorp in the third quarter valued at $1,086,000. Royce & Associates LP purchased a new stake in First Connecticut Bancorp in the third quarter valued at $1,078,000. State Street Corp raised its position in First Connecticut Bancorp by 8.1% in the second quarter. State Street Corp now owns 314,924 shares of the bank’s stock valued at $8,079,000 after purchasing an additional 23,657 shares during the period. Finally, OxFORD Asset Management LLP raised its position in First Connecticut Bancorp by 202.1% in the second quarter. OxFORD Asset Management LLP now owns 29,251 shares of the bank’s stock valued at $750,000 after purchasing an additional 19,568 shares during the period. 49.33% of the stock is currently owned by institutional investors.

Shares of First Connecticut Bancorp Inc (NASDAQ FBNK) opened at $25.00 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $395.63, a price-to-earnings ratio of 18.79 and a beta of 0.61. First Connecticut Bancorp Inc has a 1-year low of $23.15 and a 1-year high of $28.50.

First Connecticut Bancorp (NASDAQ:FBNK) last posted its quarterly earnings data on Wednesday, January 24th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.02). The firm had revenue of $23.69 million during the quarter, compared to analysts’ expectations of $24.89 million. First Connecticut Bancorp had a net margin of 14.46% and a return on equity of 7.85%. research analysts forecast that First Connecticut Bancorp Inc will post 1.73 earnings per share for the current fiscal year.

A number of research firms have commented on FBNK. Zacks Investment Research upgraded First Connecticut Bancorp from a “sell” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, December 19th. Piper Jaffray Companies upgraded First Connecticut Bancorp from a “neutral” rating to an “overweight” rating in a research report on Monday, February 5th. BidaskClub upgraded First Connecticut Bancorp from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. Finally, ValuEngine downgraded First Connecticut Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd.

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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.

Want to see what other hedge funds are holding FBNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Connecticut Bancorp Inc (NASDAQ:FBNK).

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

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