First Connecticut Bancorp Inc (NASDAQ:FBNK) shares were up 3.19% on Tuesday when approximately 57,639.00 shares were traded, against the average daily trading volume of 27,674.00. Analysts at Credit Agricole recently upgraded the stock to Underperform from Buy. First Connecticut Bancorp Inc (NASDAQ:FBNK) has a consensus buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 2 have assigned a hold rating, Zero says it’s a buy, and 1 has assigned a strong buy rating to the company.
The 52-week price range is $15.27-$25.00 and the company has a market capitalization of $358.10 billion.
First Connecticut Bancorp, Inc. operates as the holding company for Farmington Bank that provides various consumer and commercial banking services to businesses, individuals, and governments in the United States. The company offers various deposit instruments, including checking, savings, money market savings, and negotiable order of withdrawal accounts, as well as fixed-rate time deposits. It also provides one-to-four family residential real estate loans; commercial real estate loans; construction loans, such as commercial construction loans and real estate subdivision development loans to developers, licensed contractors, and builders for the construction and development of commercial real estate projects and residential properties, as well as loans to individuals and contractors for the construction and acquisition of personal residences; and commercial loans comprising term loans, revolving lines of credit for working capital needs, equipment lines of credit to facilitate the purchase of equipment, and letters of credit. In addition, the company offers home equity loans and home equity lines of credit secured by owner-occupied one-to-four family residences; and consumer loans, including installment, demand, revolving credit, and collateral loans, as well as resort loans. Further, it provides wealth management services. As of February 23, 2016, the company operated 23 branch locations in central Connecticut and western Massachusetts. It also operates four limited services offices, three stand-alone ATM facilities, and one loan production office. First Connecticut Bancorp, Inc. was founded in 1851 and is based in Farmington, Connecticut.