Alliancebernstein L.P. lessened its holdings in shares of First Connecticut Bancorp Inc (NASDAQ:FBNK) by 19.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,300 shares of the bank’s stock after selling 5,300 shares during the period. Alliancebernstein L.P. owned approximately 0.14% of First Connecticut Bancorp worth $546,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Chicago Equity Partners LLC purchased a new stake in shares of First Connecticut Bancorp during the 2nd quarter valued at $1,253,000. Geode Capital Management LLC lifted its holdings in shares of First Connecticut Bancorp by 3.9% during the 1st quarter. Geode Capital Management LLC now owns 108,014 shares of the bank’s stock valued at $2,678,000 after purchasing an additional 4,019 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of First Connecticut Bancorp by 0.4% during the 1st quarter. Bank of America Corp DE now owns 126,499 shares of the bank’s stock valued at $3,138,000 after purchasing an additional 541 shares during the last quarter. American International Group Inc. increased its position in shares of First Connecticut Bancorp by 6.8% in the 1st quarter. American International Group Inc. now owns 8,581 shares of the bank’s stock valued at $213,000 after acquiring an additional 545 shares during the period. Finally, Seizert Capital Partners LLC acquired a new position in shares of First Connecticut Bancorp in the 2nd quarter valued at $2,148,000. Hedge funds and other institutional investors own 48.95% of the company’s stock.

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First Connecticut Bancorp Inc (FBNK) opened at $26.00 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.45. The stock has a market cap of $421.16 million, a PE ratio of 21.12 and a beta of 0.68.

First Connecticut Bancorp (NASDAQ:FBNK) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. The company had revenue of $24.15 million for the quarter, compared to analysts’ expectations of $25.30 million. research analysts anticipate that First Connecticut Bancorp Inc will post 1.35 EPS for the current year.

Several equities analysts recently issued reports on the company. Zacks Investment Research downgraded First Connecticut Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. ValuEngine downgraded First Connecticut Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Piper Jaffray Companies reissued a “hold” rating and issued a $26.00 target price on shares of First Connecticut Bancorp in a research report on Sunday, September 17th. Finally, BidaskClub raised First Connecticut Bancorp from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th.

About First Connecticut Bancorp

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.

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

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