United Financial Bancorp Inc (NASDAQ:UBNK) – Stock analysts at Piper Jaffray Companies raised their FY2018 EPS estimates for shares of United Financial Bancorp in a note issued to investors on Wednesday, October 17th, according to Zacks Investment Research. Piper Jaffray Companies analyst M. Breese now expects that the bank will post earnings of $1.23 per share for the year, up from their previous estimate of $1.22. Piper Jaffray Companies also issued estimates for United Financial Bancorp’s Q4 2018 earnings at $0.30 EPS, Q1 2019 earnings at $0.29 EPS, Q3 2019 earnings at $0.32 EPS, Q4 2019 earnings at $0.32 EPS, FY2019 earnings at $1.25 EPS, Q1 2020 earnings at $0.31 EPS, Q2 2020 earnings at $0.33 EPS and Q3 2020 earnings at $0.35 EPS.
United Financial Bancorp (NASDAQ:UBNK) last issued its quarterly earnings results on Tuesday, October 16th. The bank reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. United Financial Bancorp had a net margin of 19.27% and a return on equity of 8.52%. The firm had revenue of $57.98 million during the quarter, compared to the consensus estimate of $57.50 million.
United Financial Bancorp stock traded down $0.25 during mid-day trading on Thursday, reaching $15.86. The company had a trading volume of 106,339 shares, compared to its average volume of 193,261. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.02 and a quick ratio of 1.02. United Financial Bancorp has a 52 week low of $15.10 and a 52 week high of $19.35. The company has a market cap of $818.51 million, a PE ratio of 14.16 and a beta of 0.77.
Large investors have recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of United Financial Bancorp by 395.1% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 121,885 shares of the bank’s stock worth $2,051,000 after acquiring an additional 97,265 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of United Financial Bancorp by 7.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 275,292 shares of the bank’s stock worth $4,824,000 after acquiring an additional 18,625 shares during the period. Bailard Inc. lifted its holdings in shares of United Financial Bancorp by 43.2% during the 2nd quarter. Bailard Inc. now owns 42,400 shares of the bank’s stock worth $743,000 after acquiring an additional 12,800 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of United Financial Bancorp by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,074,403 shares of the bank’s stock worth $71,384,000 after acquiring an additional 155,846 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of United Financial Bancorp during the 2nd quarter worth about $190,000. 66.70% of the stock is owned by institutional investors.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 6th. Stockholders of record on Friday, October 26th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, October 25th. United Financial Bancorp’s payout ratio is 42.86%.
United Financial Bancorp Company Profile
United Financial Bancorp, Inc operates as the holding company for United Bank that provides retail, commercial, and consumer banking services to individuals, families, and businesses. The company accepts various deposits, such as interest-bearing checking, non-interest-bearing checking, regular savings, money market savings, and time deposits.
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