United Financial Bancorp, Inc. (UBNK) Announces $0.12 Quarterly Dividend
United Financial Bancorp, Inc. (NASDAQ:UBNK) announced a quarterly dividend on Wednesday, October 18th, Wall Street Journal reports. Stockholders of record on Friday, October 27th will be paid a dividend of 0.12 per share by the bank on Wednesday, November 8th. This represents a $0.48 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, October 26th.
Shares of United Financial Bancorp (UBNK) opened at 18.48 on Thursday. The stock has a 50 day moving average price of $17.70 and a 200 day moving average price of $17.30. The firm has a market cap of $928.27 million, a price-to-earnings ratio of 15.94 and a beta of 0.66. United Financial Bancorp has a one year low of $14.12 and a one year high of $18.99.
United Financial Bancorp (NASDAQ:UBNK) last released its earnings results on Tuesday, October 17th. The bank reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The company had revenue of $54.84 million during the quarter, compared to analysts’ expectations of $56.29 million. United Financial Bancorp had a return on equity of 8.94% and a net margin of 22.67%. During the same period last year, the firm earned $0.28 EPS. On average, equities research analysts forecast that United Financial Bancorp will post $1.17 EPS for the current year.
Several research firms have recently commented on UBNK. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $21.00 target price on shares of United Financial Bancorp in a research note on Tuesday, October 3rd. BidaskClub cut United Financial Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $17.00 target price on shares of United Financial Bancorp in a research note on Friday, July 14th. 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 has an average rating of “Hold” and an average target price of $17.67.
In other news, Director Michael A. Bars sold 2,350 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $18.18, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William Hw Iv Crawford sold 17,000 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $18.14, for a total value of $308,380.00. The disclosure for this sale can be found here. 3.49% of the stock is currently owned by company insiders.
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.
Receive News & Ratings for United Financial Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Financial Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.