A Director at First Connecticut Bancorp Inc is Exercising Options


Today it was reported that a Director at First Connecticut Bancorp Inc (NASDAQ: FBNK), James Healey, exercised options to buy 10,000 FBNK shares at $14.86 a share, for a total transaction value of $148.6K.

This recent transaction increases James Healey’s holding in the company by 21.19% to a total of $1.8 million. Following James Healey’s last FBNK Buy transaction on February 12, 2018, the stock climbed by 7.1%.

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Based on First Connecticut Bancorp Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $31.71 million and quarterly net profit of $6.72 million. In comparison, last year the company earned revenue of $27.99 million and had a net profit of $5 million. FBNK’s market cap is $505.2M and the company has a P/E ratio of 26.74. Currently, First Connecticut Bancorp Inc has an average volume of 7,853.

Starting in January 2018, FBNK received 4 Buy ratings in a row. Three different firms, including Compass Point and KBW, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $3.84M worth of FBNK shares and purchased $148.6K worth of FBNK shares. The insider sentiment on First Connecticut Bancorp Inc has been negative according to 19 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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First Connecticut Bancorp, Inc. operates as a holding company for Farmington Bank, which engages in the provision of community banking services. It provides checking and savings accounts, personal and mortgage loans, business financing, cash management, interest-bearing accounts and investment services.

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