United Financial Bancorp Inc. (UBNK) Sees Strong Trading Volume
United Financial Bancorp Inc. (NASDAQ:UBNK) saw strong trading volume on Friday . 101,006 shares were traded during trading, an increase of 20% from the previous session’s volume of 84,277 shares.The stock last traded at $13.72 and had previously closed at $13.55.
Separately, Hovde Group cut shares of United Financial Bancorp from an “outperform” rating to a “market perform” rating and set a $14.00 price objective for the company. in a research note on Wednesday, July 20th.
The firm has a market cap of $689.99 million and a price-to-earnings ratio of 15.60. The firm’s 50-day moving average is $13.36 and its 200-day moving average is $12.81.
United Financial Bancorp (NASDAQ:UBNK) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.03. Equities research analysts forecast that United Financial Bancorp Inc. will post $0.87 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 10th. Investors of record on Friday, July 29th were given a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, July 27th. This represents a $0.48 annualized dividend and a dividend yield of 3.46%.
In other United Financial Bancorp news, Director Michael A. Bars sold 6,775 shares of the company’s stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $13.44, for a total value of $91,056.00. Following the transaction, the director now owns 64,492 shares in the company, valued at approximately $866,772.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Carol A. Leary sold 14,372 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $13.14, for a total transaction of $188,848.08. Following the completion of the transaction, the director now owns 45,778 shares in the company, valued at approximately $601,522.92. The disclosure for this sale can be found here.
An institutional investor recently raised its position in United Financial Bancorp stock. Schwab Charles Investment Management Inc. increased its stake in shares of United Financial Bancorp Inc. (NASDAQ:UBNK) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 175,731 shares of the company’s stock after buying an additional 5,084 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.36% of United Financial Bancorp worth $2,264,000 as of its most recent filing with the SEC.
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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