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.
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.
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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