United Financial Bancorp Inc (NASDAQ:UBNK) has been given an average rating of “Buy” by the six ratings firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $19.33.
Several analysts have commented on UBNK shares. BidaskClub cut shares of United Financial Bancorp from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 6th. Sandler O’Neill set a $20.00 target price on shares of United Financial Bancorp and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Finally, Hovde Group reaffirmed a “hold” rating on shares of United Financial Bancorp in a research note on Friday, January 26th.
In other news, CEO William Hw Iv Crawford sold 6,500 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $18.41, for a total transaction of $119,665.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brandon Craig Lorey sold 20,000 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $18.26, for a total transaction of $365,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 33,083 shares of company stock valued at $590,456 over the last three months. Corporate insiders own 3.39% of the company’s stock.
Shares of United Financial Bancorp (NASDAQ:UBNK) opened at $16.29 on Tuesday. The company has a market cap of $828.36, a P/E ratio of 15.08 and a beta of 0.65. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 1.56. United Financial Bancorp has a 12 month low of $15.60 and a 12 month high of $19.35.
United Financial Bancorp (NASDAQ:UBNK) last released its earnings results on Tuesday, January 23rd. The bank reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.05). The firm had revenue of $54.20 million during the quarter. United Financial Bancorp had a return on equity of 8.46% and a net margin of 20.25%. equities analysts anticipate that United Financial Bancorp will post 1.2 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Friday, February 2nd were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, February 1st. This represents a $0.48 annualized dividend and a dividend yield of 2.95%. United Financial Bancorp’s dividend payout ratio is presently 44.44%.
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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