Piper Jaffray Sticks to Its Hold Rating for First Connecticut Bancorp Inc

By Carrie Williams

In a report issued on September 13, Matthew Breese from Piper Jaffray reiterated a Hold rating on First Connecticut Bancorp Inc (NASDAQ: FBNK), with a price target of $26. The company’s shares closed on Friday at $24.65.

According to TipRanks.com, Breese is a 4-star analyst with an average return of 8.8% and a 71.1% success rate. Breese covers the Financial sector, focusing on stocks such as Univest Corporation Of Pennsylvania, Western New England Bancorp Inc, and Provident Financial Services.

First Connecticut Bancorp Inc has an analyst consensus of Hold, with a price target consensus of $26.50.

First Connecticut Bancorp Inc’s market cap is currently $393M and has a P/E ratio of 21.25. The company has a book value ratio of 1.4618.

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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.