Brokerages Anticipate United Financial Bancorp, Inc. (UBNK) to Post $0.29 Earnings Per Share
Equities research analysts expect United Financial Bancorp, Inc. (NASDAQ:UBNK) to report $0.29 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for United Financial Bancorp’s earnings. United Financial Bancorp posted earnings of $0.28 per share in the same quarter last year, which would suggest a positive year over year growth rate of 3.6%. The firm is expected to announce its next earnings report on Tuesday, October 17th.
According to Zacks, analysts expect that United Financial Bancorp will report full year earnings of $1.16 per share for the current fiscal year. For the next financial year, analysts anticipate that the firm will report earnings of $1.20 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover United Financial Bancorp.
United Financial Bancorp (NASDAQ:UBNK) last announced its quarterly earnings data on Tuesday, July 18th. The bank reported $0.32 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $54.22 million. During the same quarter in the prior year, the company posted $0.20 EPS.
A number of brokerages have recently issued reports on UBNK. BidaskClub cut shares of United Financial Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Piper Jaffray Companies reissued a “hold” rating and issued a $17.00 target price on shares of United Financial Bancorp in a research report on Friday, July 14th. Finally, ValuEngine raised shares of United Financial Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, May 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.33.
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Shares of United Financial Bancorp (UBNK) traded up 1.15% during trading on Tuesday, hitting $17.54. 85,801 shares of the stock were exchanged. United Financial Bancorp has a 1-year low of $13.32 and a 1-year high of $18.66. The company has a market cap of $890.89 million, a P/E ratio of 15.12 and a beta of 0.65. The firm’s 50-day moving average is $17.20 and its 200 day moving average is $17.11.
In related news, CEO William Hw Iv Crawford sold 17,000 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $18.14, for a total value of $308,380.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael A. Bars sold 2,350 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $18.18, for a total value of $42,723.00. Following the completion of the transaction, the director now directly owns 64,821 shares of the company’s stock, valued at approximately $1,178,445.78. The disclosure for this sale can be found here. Insiders own 3.49% of the company’s stock.
A number of hedge funds have recently bought and sold shares of UBNK. Russell Investments Group Ltd. raised its stake in United Financial Bancorp by 207.1% in the first quarter. Russell Investments Group Ltd. now owns 288,862 shares of the bank’s stock valued at $4,914,000 after purchasing an additional 194,809 shares in the last quarter. Vanguard Group Inc. raised its stake in United Financial Bancorp by 7.5% in the first quarter. Vanguard Group Inc. now owns 2,064,480 shares of the bank’s stock valued at $35,116,000 after purchasing an additional 143,636 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in United Financial Bancorp by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,502,288 shares of the bank’s stock valued at $58,454,000 after purchasing an additional 140,843 shares in the last quarter. LSV Asset Management raised its stake in United Financial Bancorp by 15.0% in the second quarter. LSV Asset Management now owns 1,061,712 shares of the bank’s stock valued at $17,719,000 after purchasing an additional 138,560 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in United Financial Bancorp by 10.4% in the first quarter. Renaissance Technologies LLC now owns 1,432,612 shares of the bank’s stock valued at $24,369,000 after purchasing an additional 135,373 shares in the last quarter. 64.73% of the stock is owned by institutional investors and hedge funds.
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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