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Rutabaga Capital Management Lowered First Connecticut Bancorp (FBNK) Stake By $4.43 Million; Cobalt (CBZ) Has 1.5 Sentiment

CBIZ, Inc., through its subsidiaries, provides professional business services, products, and solutions in the United States and Canada. The company has market cap of $1.04 billion. It offers its services through three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. It has a 21.04 P/E ratio. The Financial Services practice group provides accounting and tax, government health care consulting, financial advisory, valuation, litigation support, risk and advisory, real estate consulting, and internal audit outsourcing services.

Rutabaga Capital Management Llc decreased First Connecticut Bancorp Inc. (FBNK) stake by 43.19% reported in 2017Q3 SEC filing. Rutabaga Capital Management Llc sold 170,405 shares as First Connecticut Bancorp Inc. (FBNK)’s stock 0.00%. The Rutabaga Capital Management Llc holds 224,167 shares with $6.00M value, down from 394,572 last quarter. First Connecticut Bancorp Inc. now has $405.65M valuation. The stock decreased 0.19% or $0.05 during the last trading session, reaching $26.8. About 10,811 shares traded. First Connecticut Bancorp, Inc. (NASDAQ:FBNK) has risen 51.52% since March 15, 2017 and is uptrending. It has outperformed by 34.82% the S&P500.

P2 Capital Partners Llc holds 4.49% of its portfolio in CBIZ, Inc. for 2.36 million shares. Cardinal Capital Management Llc Ct owns 2.67 million shares or 1.79% of their US portfolio. Moreover, Skyline Asset Management Lp has 1.75% invested in the company for 1.36 million shares. The Florida-based Private Capital Management Llc has invested 1.42% in the stock. Phocas Financial Corp., a California-based fund reported 934,503 shares.

The stock increased 1.06% or $0.2 during the last trading session, reaching $19.1. About 69,228 shares traded. CBIZ, Inc. (CBZ) has risen 47.49% since March 15, 2017 and is uptrending. It has outperformed by 30.79% the S&P500.

Analysts await CBIZ, Inc. (NYSE:CBZ) to report earnings on April, 26. They expect $0.57 EPS, up 26.67% or $0.12 from last year’s $0.45 per share. CBZ’s profit will be $31.10 million for 8.38 P/E if the $0.57 EPS becomes a reality. After $0.04 actual EPS reported by CBIZ, Inc. for the previous quarter, Wall Street now forecasts 1,325.00% EPS growth.

Since January 1, 0001, it had 0 insider buys, and 7 insider sales for $4.12 million activity.

Among 5 analysts covering First Connecticut Bancorp (NASDAQ:FBNK), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. First Connecticut Bancorp had 18 analyst reports since August 7, 2015 according to SRatingsIntel. As per Friday, January 29, the company rating was maintained by Compass Point. The rating was upgraded by Zacks to “Hold” on Wednesday, August 12. The company was initiated on Friday, August 7 by Compass Point. The firm has “Market Perform” rating given on Friday, September 4 by Keefe Bruyette & Woods. The firm has “Neutral” rating by Piper Jaffray given on Wednesday, November 16. PiperJaffray upgraded First Connecticut Bancorp, Inc. (NASDAQ:FBNK) on Monday, February 5 to “Overweight” rating. Piper Jaffray initiated the stock with “Overweight” rating in Thursday, April 14 report. The company was maintained on Tuesday, August 22 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained the shares of FBNK in report on Tuesday, October 3 with “Hold” rating. PiperJaffray downgraded First Connecticut Bancorp, Inc. (NASDAQ:FBNK) on Wednesday, June 14 to “Neutral” rating.

Investors sentiment increased to 1.44 in Q3 2017. Its up 0.14, from 1.3 in 2017Q2. It increased, as 4 investors sold FBNK shares while 29 reduced holdings. 14 funds opened positions while 29 raised stakes. 7.86 million shares or 1.13% more from 7.78 million shares in 2017Q2 were reported. Mendon Cap Advsrs Corp holds 0.13% in First Connecticut Bancorp, Inc. (NASDAQ:FBNK) or 59,454 shares. Blackrock accumulated 1.02M shares. Wells Fargo Mn invested in 99,616 shares or 0% of the stock. Thrivent Financial For Lutherans has 53,655 shares for 0.01% of their portfolio. Parametric Port Assoc Ltd Liability Co invested 0% in First Connecticut Bancorp, Inc. (NASDAQ:FBNK). Fj Capital Limited Liability Corporation holds 2.44% or 751,000 shares. Strs Ohio has invested 0% in First Connecticut Bancorp, Inc. (NASDAQ:FBNK). Vanguard Grp Inc has invested 0% in First Connecticut Bancorp, Inc. (NASDAQ:FBNK). Moreover, Tiaa Cref Investment Management has 0% invested in First Connecticut Bancorp, Inc. (NASDAQ:FBNK) for 39,661 shares. Hennessy Advsr Inc reported 187,500 shares. Clover Prtn Lp stated it has 577,496 shares. Alphaone Investment Svcs Ltd owns 42,200 shares. Royal National Bank & Trust Of Canada owns 1,355 shares. Jacobs Levy Equity Mngmt Inc owns 9,015 shares. Northern Tru Corporation has invested 0% of its portfolio in First Connecticut Bancorp, Inc. (NASDAQ:FBNK).

Rutabaga Capital Management Llc increased Calgon Carbon Corp (NYSE:CCC) stake by 33,400 shares to 1.27M valued at $27.17M in 2017Q3. It also upped Nci Building Systems Inc (NYSE:NCS) stake by 30,050 shares and now owns 1.17 million shares. Team Inc (NYSE:TISI) was raised too.

Since January 29, 2018, it had 3 buys, and 0 selling transactions for $34,382 activity. 117 shares valued at $2,896 were bought by Healey James T Jr on Tuesday, February 6. On Monday, January 29 the insider Patrick John J Jr. bought $9,632.

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