United Financial Bancorp, Inc. (UBNK) to Issue Quarterly Dividend of $0.12
United Financial Bancorp, Inc. (NASDAQ:UBNK) declared a quarterly dividend on Wednesday, July 19th, Wall Street Journal reports. Stockholders of record on Friday, July 28th will be given a dividend of 0.12 per share by the bank on Wednesday, August 9th. This represents a $0.48 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Wednesday, July 26th.
United Financial Bancorp (NASDAQ:UBNK) traded up 5.22% during trading on Wednesday, hitting $18.14. The stock had a trading volume of 306,525 shares. United Financial Bancorp has a 52-week low of $12.90 and a 52-week high of $18.66. The stock has a market capitalization of $910.56 million, a PE ratio of 17.78 and a beta of 0.63. The stock’s 50-day moving average is $16.94 and its 200-day moving average is $17.26.
United Financial Bancorp (NASDAQ:UBNK) last released its quarterly earnings results on Tuesday, July 18th. The bank reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. United Financial Bancorp had a return on equity of 7.85% and a net margin of 20.97%. The company had revenue of $55.80 million during the quarter, compared to analysts’ expectations of $54.22 million. During the same period last year, the business posted $0.20 earnings per share. On average, analysts predict that United Financial Bancorp will post $1.09 earnings per share for the current fiscal year.
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Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods upgraded United Financial Bancorp from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $18.50 to $20.00 in a research note on Thursday, April 20th. Piper Jaffray Companies restated a “hold” rating and issued a $17.00 price objective on shares of United Financial Bancorp in a research note on Friday, July 14th. Finally, ValuEngine upgraded United Financial Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, May 31st.
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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