United Financial Bancorp, Inc. (UBNK) Declares $0.12 Quarterly Dividend
United Financial Bancorp, Inc. (NASDAQ:UBNK) announced a quarterly dividend on Wednesday, October 18th, Wall Street Journal reports. Investors of record on Friday, October 27th will be given a dividend of 0.12 per share by the bank on Wednesday, November 8th. This represents a $0.48 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, October 26th.
United Financial Bancorp (NASDAQ:UBNK) traded down 1.33% during midday trading on Wednesday, reaching $18.48. 193,036 shares of the company were exchanged. The firm’s 50-day moving average is $17.60 and its 200-day moving average is $17.27. The firm has a market cap of $928.27 million, a P/E ratio of 15.94 and a beta of 0.66. United Financial Bancorp has a one year low of $13.64 and a one year high of $18.99.
United Financial Bancorp (NASDAQ:UBNK) last released its quarterly earnings results on Tuesday, October 17th. The bank reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. United Financial Bancorp had a net margin of 22.95% and a return on equity of 8.83%. The company had revenue of $54.84 million for the quarter, compared to analyst estimates of $56.29 million. During the same quarter last year, the firm posted $0.28 earnings per share. On average, equities analysts expect that United Financial Bancorp will post $1.17 EPS for the current fiscal year.
In related news, CEO William Hw Iv Crawford sold 17,000 shares of the business’s stock in a transaction 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 is available at the SEC website. Also, Director Michael A. Bars sold 2,350 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $18.18, for a total transaction of $42,723.00. Following the transaction, the director now directly owns 64,821 shares in the company, valued at approximately $1,178,445.78. The disclosure for this sale can be found here. Insiders own 3.39% of the company’s stock.
UBNK has been the topic of a number of research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $21.00 target price on shares of United Financial Bancorp in a research report on Tuesday, October 3rd. BidaskClub raised shares of United Financial Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $17.00 target price on shares of United Financial Bancorp in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $17.67.
About United Financial Bancorp
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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