Shapiro Capital Management Lowered Usg (USG) Position By $323.71 Million; First Connecticut Bancorp (FBNK) Sentiment Is 1.48

November 15, 2017 - By Darrin Black

First Connecticut Bancorp, Inc. is a stock holding company. The company has market cap of $413.18 million. The Firm operates through its subsidiary, Farmington Bank (the Bank), which is a full-service community bank with branch locations throughout central Connecticut and western Massachusetts. It has a 20.5 P/E ratio. The Bank offers commercial and residential lending, as well as wealth management services.

Shapiro Capital Management Llc decreased Usg Corporation (USG) stake by 0.23% reported in 2017Q2 SEC filing. Shapiro Capital Management Llc sold 11,155 shares as Usg Corporation (USG)’s stock declined 12.55%. The Shapiro Capital Management Llc holds 4.87 million shares with $141.36B value, down from 4.88M last quarter. Usg Corporation now has $4.80 billion valuation. The stock declined 0.82% or $0.28 reaching $33.96 per share. About 33,173 shares traded. USG Corporation (NYSE:USG) has risen 0.17% since November 15, 2016 and is uptrending. It has underperformed by 16.53% the S&P500.

Analysts await USG Corporation (NYSE:USG) to report earnings on February, 7. They expect $0.40 earnings per share, down 9.09% or $0.04 from last year’s $0.44 per share. USG’s profit will be $56.54 million for 21.23 P/E if the $0.40 EPS becomes a reality. After $0.47 actual earnings per share reported by USG Corporation for the previous quarter, Wall Street now forecasts -14.89% negative EPS growth.

Investors sentiment decreased to 0.62 in 2017 Q2. Its down 0.19, from 0.81 in 2017Q1. It dived, as 34 investors sold USG shares while 78 reduced holdings. 20 funds opened positions while 49 raised stakes. 166.18 million shares or 30.74% more from 127.12 million shares in 2017Q1 were reported. Advsr Management Ltd Limited Liability Company has invested 0.67% of its portfolio in USG Corporation (NYSE:USG). Bnp Paribas Arbitrage has 161,252 shares. Fuller And Thaler Asset Mngmt invested in 0.07% or 179,510 shares. First Tru Advisors LP has 0.01% invested in USG Corporation (NYSE:USG). Panagora Asset Management owns 2,300 shares or 0% of their US portfolio. Massachusetts-based Rhumbline Advisers has invested 0.01% in USG Corporation (NYSE:USG). Weik Services reported 17,600 shares. Victory Capital Management holds 0.07% of its portfolio in USG Corporation (NYSE:USG) for 1.06M shares. Mcmillion Capital Mngmt holds 1.38% or 71,095 shares. Federated Invsts Pa accumulated 143,363 shares. Riverhead Cap Mgmt Lc has 0.01% invested in USG Corporation (NYSE:USG). Principal Fincl Grp Inc Inc has 0% invested in USG Corporation (NYSE:USG). Vnbtrust National Association has 14,190 shares. Winfield Associates owns 80 shares for 0% of their portfolio. Gargoyle Investment Advisor Lc reported 36,781 shares stake.

Shapiro Capital Management Llc increased Devon Energy Corporation (NYSE:DVN) stake by 16,451 shares to 1.32 million valued at $42.29 billion in 2017Q2. It also upped Versum Materials Inc. stake by 199,500 shares and now owns 4.43 million shares. Walt Disney Company (NYSE:DIS) was raised too.

Among 20 analysts covering USG Corporation (NYSE:USG), 3 have Buy rating, 3 Sell and 14 Hold. Therefore 15% are positive. USG Corporation had 62 analyst reports since July 29, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, September 13 by RBC Capital Markets. The stock has “Buy” rating by RBC Capital Markets on Monday, October 9. As per Thursday, October 8, the company rating was initiated by Goldman Sachs. The stock of USG Corporation (NYSE:USG) earned “Hold” rating by Stifel Nicolaus on Monday, September 18. The firm has “Neutral” rating by Wedbush given on Wednesday, July 6. The company was initiated on Friday, September 23 by Bank of America. Jefferies maintained it with “Hold” rating and $2900 target in Thursday, July 27 report. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, October 26. Stifel Nicolaus maintained it with “Hold” rating and $3000 target in Thursday, July 13 report. The firm has “Neutral” rating by Wedbush given on Thursday, October 27.

Since June 5, 2017, it had 1 insider purchase, and 1 insider sale for $45,003 activity. $44,089 worth of stock was bought by Scanlon Jennifer F. on Monday, June 5. $89,092 worth of USG Corporation (NYSE:USG) was sold by Press Jeanette A. on Wednesday, June 7.

About 1,847 shares traded. First Connecticut Bancorp Inc (FBNK) has risen 51.52% since November 15, 2016 and is uptrending. It has outperformed by 34.82% the S&P500.

Analysts await First Connecticut Bancorp Inc (NASDAQ:FBNK) to report earnings on January, 24. They expect $0.35 EPS, up 29.63% or $0.08 from last year’s $0.27 per share. FBNK’s profit will be $5.58 million for 18.50 P/E if the $0.35 EPS becomes a reality. After $0.35 actual EPS reported by First Connecticut Bancorp Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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