United Financial Bancorp, Inc. (NASDAQ:UBNK) posted its earnings results on Tuesday, October 17th. The bank reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01, Briefing.com reports. The business had revenue of $54.84 million for the quarter, compared to analyst estimates of $56.29 million. United Financial Bancorp had a return on equity of 8.94% and a net margin of 22.67%. During the same period in the previous year, the firm earned $0.28 EPS.
United Financial Bancorp (NASDAQ:UBNK) opened at 18.50 on Friday. The firm has a market cap of $929.87 million, a PE ratio of 15.69 and a beta of 0.66. The firm has a 50-day moving average price of $17.85 and a 200-day moving average price of $17.36. United Financial Bancorp has a one year low of $14.23 and a one year high of $18.99.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Friday, October 27th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $0.48 dividend on an annualized basis and a yield of 2.60%. United Financial Bancorp’s payout ratio is presently 40.68%.
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A number of research firms have recently weighed in on UBNK. BidaskClub upgraded United Financial Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $21.00 price target on shares of United Financial Bancorp in a report on Tuesday, October 3rd. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $17.00 price target on shares of United Financial Bancorp in a report on Friday, July 14th.
In related news, CEO William Hw Iv Crawford sold 17,000 shares of United Financial Bancorp stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $18.14, for a total transaction of $308,380.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.49% of the company’s stock.
United Financial Bancorp Company Profile
United Financial Bancorp, Inc is a bank holding company. The Company, through its subsidiary United Bank (the Bank) and various subsidiaries, delivers financial services to individuals, families and businesses in Connecticut and Massachusetts, including retail, commercial and consumer banking, as well as financial advisory services.
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