United Financial Bancorp (NASDAQ:UBNK) released its earnings results on Tuesday. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.03), Morningstar.com reports. The business had revenue of $55.92 million during the quarter, compared to the consensus estimate of $56.60 million. United Financial Bancorp had a net margin of 19.34% and a return on equity of 8.49%.
Shares of UBNK opened at $14.96 on Wednesday. United Financial Bancorp has a one year low of $13.37 and a one year high of $18.33. The stock has a market capitalization of $757.21 million, a PE ratio of 12.79 and a beta of 0.75. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 1.27.
In other news, Director Kevin E. Ross sold 5,636 shares of United Financial Bancorp stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $15.59, for a total value of $87,865.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brandon Craig Lorey sold 4,540 shares of United Financial Bancorp stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $16.13, for a total transaction of $73,230.20. The disclosure for this sale can be found here. In the last three months, insiders sold 24,313 shares of company stock valued at $388,843. Insiders own 3.37% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of United Financial Bancorp by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 595,009 shares of the bank’s stock worth $8,746,000 after buying an additional 44,328 shares during the period. Legal & General Group Plc boosted its holdings in shares of United Financial Bancorp by 9.8% during the 4th quarter. Legal & General Group Plc now owns 9,041 shares of the bank’s stock worth $133,000 after buying an additional 809 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in shares of United Financial Bancorp during the 4th quarter worth about $914,000. Metropolitan Life Insurance Co. NY boosted its holdings in shares of United Financial Bancorp by 337.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 18,103 shares of the bank’s stock worth $266,000 after buying an additional 13,962 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of United Financial Bancorp by 38.3% during the 4th quarter. Bank of America Corp DE now owns 46,475 shares of the bank’s stock worth $683,000 after buying an additional 12,863 shares during the period. 69.42% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently commented on UBNK shares. BidaskClub downgraded shares of United Financial Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Zacks Investment Research downgraded shares of United Financial Bancorp from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 26th.
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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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