$0.28 Earnings Per Share Expected for United Financial Bancorp (UBNK) This Quarter

Wall Street brokerages expect United Financial Bancorp (NASDAQ:UBNK) to report $0.28 earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for United Financial Bancorp’s earnings. United Financial Bancorp posted earnings of $0.27 per share in the same quarter last year, which suggests a positive year over year growth rate of 3.7%. The business is scheduled to issue its next earnings results after the market closes on Tuesday, April 17th.

On average, analysts expect that United Financial Bancorp will report full year earnings of $1.20 per share for the current year. For the next financial year, analysts forecast that the business will post earnings of $1.36 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow United Financial Bancorp.

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United Financial Bancorp (NASDAQ:UBNK) last issued its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The company had revenue of $54.20 million during the quarter. United Financial Bancorp had a return on equity of 8.41% and a net margin of 20.25%.

Several analysts have recently issued reports on the company. BidaskClub upgraded United Financial Bancorp from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 16th. Sandler O’Neill set a $20.00 target price on United Financial Bancorp and gave the company a “buy” rating in a report on Wednesday, January 24th. Hovde Group reissued a “hold” rating on shares of United Financial Bancorp in a report on Friday, January 26th. Finally, Keefe, Bruyette & Woods lowered United Financial Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 7th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. United Financial Bancorp has an average rating of “Hold” and an average target price of $19.33.

In other United Financial Bancorp news, EVP Mark A. Kucia sold 6,583 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $16.04, for a total transaction of $105,591.32. Following the transaction, the executive vice president now owns 68,964 shares of the company’s stock, valued at $1,106,182.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.49% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UBNK. SG Americas Securities LLC acquired a new stake in shares of United Financial Bancorp during the 3rd quarter valued at approximately $217,000. Genesee Valley Trust Co. purchased a new position in shares of United Financial Bancorp during the 4th quarter worth approximately $226,000. Bailard Inc. purchased a new position in shares of United Financial Bancorp during the 4th quarter worth approximately $265,000. Harbor Advisory Corp MA purchased a new position in shares of United Financial Bancorp during the 4th quarter worth approximately $268,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of United Financial Bancorp during the 3rd quarter worth approximately $282,000. 66.12% of the stock is currently owned by hedge funds and other institutional investors.

UBNK traded down $0.24 during midday trading on Tuesday, reaching $16.32. The company had a trading volume of 145,576 shares, compared to its average volume of 158,078. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 1.69. The stock has a market cap of $831.90, a price-to-earnings ratio of 14.57 and a beta of 0.66. United Financial Bancorp has a 1 year low of $15.47 and a 1 year high of $19.35.

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About United Financial Bancorp

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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