Clover Partners Lowers stake in First Connecticut Bancorp Inc (FBNK)

First Connecticut Bancorp Inc (FBNK) : Clover Partners reduced its stake in First Connecticut Bancorp Inc by 3.67% during the most recent quarter end. The investment management company now holds a total of 569,507 shares of First Connecticut Bancorp Inc which is valued at $12,102,024 after selling 21,700 shares in First Connecticut Bancorp Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.First Connecticut Bancorp Inc makes up approximately 4.79% of Clover Partners’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates boosted its stake in FBNK in the latest quarter, The investment management firm added 1,379 additional shares and now holds a total of 29,847 shares of First Connecticut Bancorp Inc which is valued at $634,249.Spark Investment Management boosted its stake in FBNK in the latest quarter, The investment management firm added 5,000 additional shares and now holds a total of 39,800 shares of First Connecticut Bancorp Inc which is valued at $782,070. First Connecticut Bancorp Inc makes up approx 0.06% of Spark Investment Management’s portfolio.Tower Research Capital (trc) reduced its stake in FBNK by selling 891 shares or 79.84% in the most recent quarter. The Hedge Fund company now holds 225 shares of FBNK which is valued at $4,095. Rmb Capital Management added FBNK to its portfolio by purchasing 145,411 company shares during the most recent quarter which is valued at $2,588,316. First Connecticut Bancorp Inc makes up approx 0.12% of Rmb Capital Management’s portfolio.Mutual Of America Capital Management boosted its stake in FBNK in the latest quarter, The investment management firm added 427 additional shares and now holds a total of 88,180 shares of First Connecticut Bancorp Inc which is valued at $1,569,604. First Connecticut Bancorp Inc makes up approx 0.03% of Mutual Of America Capital Management’s portfolio.

First Connecticut Bancorp Inc opened for trading at $20.8 and hit $21.2 on the upside on Monday, eventually ending the session at $21.15, with a gain of 2.17% or 0.45 points. The heightened volatility saw the trading volume jump to 41,758 shares. Company has a market cap of $334 M.

Many Wall Street Analysts have commented on First Connecticut Bancorp Inc. First Connecticut Bancorp Inc was Downgraded by Piper Jaffray to ” Neutral” on Nov 16, 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.

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