Equities analysts expect United Financial Bancorp, Inc. (NASDAQ:UBNK) to announce $0.29 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for United Financial Bancorp’s earnings. United Financial Bancorp reported earnings of $0.28 per share in the same quarter last year, which would indicate a positive year over year growth rate of 3.6%. The firm is expected to announce its next quarterly earnings results on Tuesday, October 17th.

On average, analysts expect that United Financial Bancorp will report full year earnings of $1.16 per share for the current fiscal year. For the next year, analysts forecast that the company will post earnings of $1.20 per share. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow United Financial Bancorp.

United Financial Bancorp (NASDAQ:UBNK) last released its quarterly earnings results on Tuesday, July 18th. The bank reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. United Financial Bancorp had a net margin of 22.95% and a return on equity of 8.83%. The company had revenue of $55.80 million for the quarter, compared to analyst estimates of $54.22 million. During the same period last year, the firm earned $0.20 earnings per share.

Several brokerages have recently weighed in on UBNK. BidaskClub upgraded shares of United Financial Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Keefe, Bruyette & Woods upgraded shares of United Financial Bancorp from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $18.50 to $20.00 in a research note on Thursday, April 20th. Piper Jaffray Companies reiterated 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 shares of United Financial Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, May 31st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $17.33.

In other United Financial Bancorp news, Director Michael A. Bars sold 2,350 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $18.18, for a total transaction of $42,723.00. Following the completion of the sale, the director now directly owns 64,821 shares of the company’s stock, valued at approximately $1,178,445.78. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William Hw Iv Crawford sold 17,000 shares of the 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 disclosure for this sale can be found here. Corporate insiders own 3.49% of the company’s stock.

Large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its stake in shares of United Financial Bancorp by 1,702.4% in the second quarter. BNP Paribas Arbitrage SA now owns 5,984 shares of the bank’s stock worth $100,000 after buying an additional 5,652 shares during the period. Sei Investments Co. raised its stake in shares of United Financial Bancorp by 71.5% in the second quarter. Sei Investments Co. now owns 6,187 shares of the bank’s stock worth $103,000 after buying an additional 2,579 shares during the period. Mark Sheptoff Financial Planning LLC raised its stake in shares of United Financial Bancorp by 66.1% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 6,573 shares of the bank’s stock worth $110,000 after buying an additional 2,615 shares during the period. Ameriprise Financial Inc. bought a new stake in shares of United Financial Bancorp during the second quarter worth about $173,000. Finally, Trexquant Investment LP bought a new stake in shares of United Financial Bancorp during the first quarter worth about $185,000. 64.13% of the stock is owned by institutional investors and hedge funds.

United Financial Bancorp (UBNK) traded down 1.51% on Friday, hitting $16.96. 103,336 shares of the company were exchanged. The stock has a market capitalization of $851.92 million, a P/E ratio of 14.63 and a beta of 0.65. The company has a 50 day moving average price of $17.45 and a 200-day moving average price of $17.30. United Financial Bancorp has a 52 week low of $13.30 and a 52 week high of $18.66.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 28th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Wednesday, July 26th. United Financial Bancorp’s dividend payout ratio is 41.38%.

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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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