First Connecticut Bancorp, Inc. (FBNK) Files Form 4 Insider Buying : John J Jr. Patrick Buys 836 Shares

First Connecticut Bancorp, Inc. (FBNK): John J Jr. Patrick , CEO of First Connecticut Bancorp, Inc. purchased 836 shares on Apr 29, 2016. The Insider buying transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were purchased at $16.22 per share for a total value of $13,559.92 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 17, 2016, James T Jr Healey (director) purchased 1,419 shares at $15.99 per share price.On Feb 23, 2016, John J Carson (director) purchased 80 shares at $16.29 per share price.Also, On Feb 16, 2016, John A Green (director) purchased 300 shares at $16.05 per share price.On Oct 30, 2015, Michael A Ziebka (director) sold 5,000 shares at $17.35 per share price.

First Connecticut Bancorp Inc: On Monday, May 2, 2016 heightened volatility was witnessed in First Connecticut Bancorp Inc which led to swings in the share price. The shares opened for trading at $17.32 and hit $17.83 on the upside , eventually ending the session at $17.47, with a gain of 1.39% or 0.24 points. The heightened volatility saw the trading volume jump to 74,469 shares. The 52-week high of the share price is $18.4 and the company has a market cap of $275 M . The 52-week low of the share price is at $14.42.

First Connecticut Bancorp Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.First Connecticut Bancorp Inc is Reiterated by Compass Point to Buy and the brokerage firm has raised the Price Target to $ 20 from a previous price target of $19 .The Rating was issued on Apr 21, 2016.First Connecticut Bancorp Inc is Initiated by Piper Jaffray to Overweight. The Rating was issued on Apr 14, 2016.

First Connecticut Bancorp Inc. is a stock holding company. The Company operates through its wholly owned subsidiary Farmington Bank (the Bank) a community bank with 22 branch locations throughout central Connecticut. The Bank offers commercial and residential lending as well as wealth management services in Connecticut and western Massachusetts. The Company’s principal lending activities include residential consumer and commercial lending. Its lending activities consists of the origination of one-to-four family residential real estate loans that are secured by properties located in Hartford County and surrounding counties in Connecticut. The Company’s investment activities consisted primarily of United States government and agency securities including debt and mortgage-backed securities securities issued and guaranteed by Government Sponsored Enterprises (GSE’s) municipal and other bonds mutual funds and equity securities including preferred equity securities.

Leave a Reply

First Connecticut Bancorp Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on First Connecticut Bancorp Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.