United Financial Bancorp (UBNK) Releases Earnings Results, Misses Estimates By $0.03 EPS

United Financial Bancorp (NASDAQ:UBNK) issued its quarterly earnings results on Tuesday. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.03), Morningstar.com reports. The business had revenue of $55.92 million for the quarter, compared to analyst estimates of $56.60 million. United Financial Bancorp had a net margin of 19.34% and a return on equity of 8.49%.

NASDAQ:UBNK opened at $14.94 on Wednesday. The stock has a market cap of $757.21 million, a P/E ratio of 12.77 and a beta of 0.75. United Financial Bancorp has a 52-week low of $13.37 and a 52-week high of $18.33. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 1.27.

In related news, EVP Brandon Craig Lorey sold 4,540 shares of United Financial Bancorp stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $16.13, for a total transaction of $73,230.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kevin E. Ross sold 5,636 shares of the stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $15.59, for a total value of $87,865.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,313 shares of company stock worth $388,843. 3.37% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its position in shares of United Financial Bancorp by 9.8% in the 4th quarter. Legal & General Group Plc now owns 9,041 shares of the bank’s stock valued at $133,000 after purchasing an additional 809 shares during the period. Ramsey Quantitative Systems boosted its position in shares of United Financial Bancorp by 62.9% in the 4th quarter. Ramsey Quantitative Systems now owns 4,072 shares of the bank’s stock valued at $60,000 after purchasing an additional 1,572 shares during the period. AQR Capital Management LLC boosted its position in shares of United Financial Bancorp by 9.9% in the 3rd quarter. AQR Capital Management LLC now owns 37,682 shares of the bank’s stock valued at $634,000 after purchasing an additional 3,390 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of United Financial Bancorp by 9.8% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 45,294 shares of the bank’s stock valued at $666,000 after purchasing an additional 4,036 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of United Financial Bancorp by 1.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 364,904 shares of the bank’s stock valued at $6,141,000 after purchasing an additional 4,292 shares during the period. Institutional investors and hedge funds own 69.42% of the company’s stock.

A number of research analysts recently issued reports on UBNK shares. BidaskClub lowered United Financial Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, March 22nd. Zacks Investment Research raised United Financial Bancorp from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 27th.

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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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Earnings History for United Financial Bancorp (NASDAQ:UBNK)

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