United Financial Bancorp Inc. (UBNK) Releases Earnings Results, Beats Estimates By $0.06 EPS
United Financial Bancorp Inc. (NASDAQ:UBNK) announced its earnings results on Tuesday. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.06. United Financial Bancorp had a net margin of 18.90% and a return on equity of 7.23%.
Shares of United Financial Bancorp (NASDAQ:UBNK) traded up 0.58% during mid-day trading on Tuesday, hitting $13.76. 58,204 shares of the stock traded hands. The company has a market cap of $684.02 million, a P/E ratio of 15.46 and a beta of 0.63. The firm has a 50 day moving average of $13.75 and a 200 day moving average of $13.26. United Financial Bancorp has a 12 month low of $10.28 and a 12 month high of $14.16.
Separately, Hovde Group cut shares of United Financial Bancorp from an “outperform” rating to a “market perform” rating and set a $14.00 target price on the stock. in a research report on Wednesday, July 20th.
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In related news, Director Carol A. Leary sold 14,372 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $13.14, for a total transaction of $188,848.08. Following the transaction, the director now directly owns 45,778 shares in the company, valued at $601,522.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raymond H. Lefurge, Jr. sold 6,635 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $13.52, for a total transaction of $89,705.20. Following the transaction, the director now owns 74,510 shares in the company, valued at $1,007,375.20. The disclosure for this sale can be found here. Corporate insiders own 3.49% of the company’s stock.
A number of institutional investors have recently bought and sold shares of UBNK. Bridgeway Capital Management Inc. raised its position in United Financial Bancorp by 5.5% in the second quarter. Bridgeway Capital Management Inc. now owns 10,550 shares of the company’s stock worth $137,000 after buying an additional 550 shares during the last quarter. Nationwide Fund Advisors raised its position in United Financial Bancorp by 3.1% in the second quarter. Nationwide Fund Advisors now owns 39,023 shares of the company’s stock worth $507,000 after buying an additional 1,177 shares during the last quarter. BlackRock Advisors LLC raised its position in United Financial Bancorp by 6.8% in the second quarter. BlackRock Advisors LLC now owns 25,533 shares of the company’s stock worth $331,000 after buying an additional 1,631 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in United Financial Bancorp by 14.1% in the second quarter. Parametric Portfolio Associates LLC now owns 26,315 shares of the company’s stock worth $342,000 after buying an additional 3,258 shares during the last quarter. Finally, BlackRock Inc. raised its position in United Financial Bancorp by 293.2% in the second quarter. BlackRock Inc. now owns 13,423 shares of the company’s stock worth $174,000 after buying an additional 10,009 shares during the last quarter. Hedge funds and other institutional investors own 61.54% 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), 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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