United Financial Bancorp Inc (NASDAQ:UBNK) EVP Mark A. Kucia sold 6,583 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $16.04, for a total transaction of $105,591.32. Following the transaction, the executive vice president now owns 68,964 shares in the company, valued at approximately $1,106,182.56. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of United Financial Bancorp Inc (UBNK) traded up $0.23 during trading on Thursday, reaching $16.23. 113,000 shares of the company’s stock were exchanged, compared to its average volume of 152,235. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.03 and a quick ratio of 1.02. United Financial Bancorp Inc has a twelve month low of $15.60 and a twelve month high of $19.35. The firm has a market cap of $813.61, a price-to-earnings ratio of 14.16 and a beta of 0.65.
United Financial Bancorp (NASDAQ:UBNK) last issued its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.05). United Financial Bancorp had a net margin of 20.25% and a return on equity of 8.46%. The company had revenue of $54.20 million for the quarter. equities research analysts anticipate that United Financial Bancorp Inc will post 1.2 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Friday, February 2nd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $0.48 dividend on an annualized basis and a yield of 2.96%. United Financial Bancorp’s payout ratio is 44.44%.
A number of research analysts have issued reports on the stock. BidaskClub upgraded shares of United Financial Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, February 10th. Hovde Group restated a “hold” rating on shares of United Financial Bancorp in a research note on Friday, January 26th. Finally, Sandler O’Neill set a $20.00 price target on shares of United Financial Bancorp and gave the company a “buy” rating in a research note on Wednesday, January 24th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. United Financial Bancorp presently has a consensus rating of “Buy” and a consensus target price of $19.33.
A number of institutional investors have recently modified their holdings of UBNK. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of United Financial Bancorp in the 2nd quarter valued at $169,000. Ameriprise Financial Inc. purchased a new stake in shares of United Financial Bancorp in the 2nd quarter valued at $173,000. SG Americas Securities LLC purchased a new stake in shares of United Financial Bancorp in the 3rd quarter valued at $217,000. Genesee Valley Trust Co. purchased a new stake in shares of United Financial Bancorp in the 4th quarter valued at $226,000. Finally, GSA Capital Partners LLP boosted its holdings in shares of United Financial Bancorp by 44.4% in the 2nd quarter. GSA Capital Partners LLP now owns 15,139 shares of the bank’s stock valued at $253,000 after acquiring an additional 4,654 shares during the last quarter. Institutional investors and hedge funds own 64.18% of the company’s stock.
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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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