First Connecticut Bancorp is a bank holding company. Through its subsidiary, Farmington Bank, Co. provides commercial and residential lending as well as wealth management services to small and middle market businesses and individuals in Connecticut and western Massachusetts. Co.'s lending activities include: residential, commercial and construction real estate loans, commercial loans, home equity lines of credit, and consumer loans. Co. also provides a selection of deposit instruments, including checking, savings, money market savings accounts, negotiable order of withdrawal accounts and time deposits. At Dec 31 2017, Co. had total assets of $3.06 billion and deposits of $2.43 billion. We show 30 historical shares outstanding datapoints in our FBNK shares outstanding history coverage, used to compute FBNK market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing FBNK market cap history over the course of time is important for investors
interested in comparing FBNK's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of FBNK versus a peer is one thing; comparing
FBNK market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like FBNK can fluctuate over the course of history.
With this page we aim to empower investors researching FBNK by allowing them to research the FBNK market cap history. |
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Video: The Importance of Market Cap
