United Financial Bancorp, Inc. (UBNK) to Release Quarterly Earnings on Monday

United Financial Bancorp, Inc. (NASDAQ:UBNK) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, October 16th. Analysts expect the company to announce earnings of $0.29 per share for the quarter.

United Financial Bancorp (NASDAQ:UBNK) last posted its quarterly earnings results on Tuesday, July 18th. The bank reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.06. United Financial Bancorp had a net margin of 22.95% and a return on equity of 8.83%. The firm had revenue of $55.80 million for the quarter, compared to analysts’ expectations of $54.22 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. On average, analysts expect United Financial Bancorp to post $1.17 EPS for the current fiscal year and $1.26 EPS for the next fiscal year.

Shares of United Financial Bancorp, Inc. (UBNK) opened at 18.53 on Friday. The stock has a market cap of $930.78 million, a PE ratio of 15.99 and a beta of 0.66. The stock’s 50 day moving average is $17.59 and its 200-day moving average is $17.26. United Financial Bancorp, Inc. has a 12-month low of $13.64 and a 12-month high of $18.77.

COPYRIGHT VIOLATION WARNING: This story was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/14/united-financial-bancorp-inc-ubnk-to-release-quarterly-earnings-on-monday.html.

In other news, Director Michael A. Bars sold 2,350 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $18.18, for a total value of $42,723.00. Following the sale, the director now directly owns 64,821 shares of the company’s stock, valued at approximately $1,178,445.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William Hw Iv Crawford sold 17,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $18.14, for a total transaction of $308,380.00. The disclosure for this sale can be found here. 3.49% of the stock is owned by corporate insiders.

Several research firms have weighed in on UBNK. Keefe, Bruyette & Woods reissued a “buy” rating and set a $21.00 target price on shares of United Financial Bancorp in a research report on Tuesday, October 3rd. BidaskClub downgraded shares of United Financial Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $17.00 target price on shares of United Financial Bancorp in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. United Financial Bancorp presently has an average rating of “Hold” and a consensus price target of $17.67.

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

United Financial Bancorp (NASDAQ:UBNK) last posted its quarterly earnings results on Tuesday, July 18th. The bank reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.06. United Financial Bancorp had a net margin of 22.95% and a return on equity of 8.83%. The firm had revenue of $55.80 million for the quarter, compared to analysts’ expectations of $54.22 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. On average, analysts expect United Financial Bancorp to post $1.17 EPS for the current fiscal year and $1.26 EPS for the next fiscal year.

Shares of United Financial Bancorp, Inc. (UBNK) opened at 18.53 on Friday. The stock has a market cap of $930.78 million, a PE ratio of 15.99 and a beta of 0.66. The stock’s 50 day moving average is $17.59 and its 200-day moving average is $17.26. United Financial Bancorp, Inc. has a 12-month low of $13.64 and a 12-month high of $18.77.

COPYRIGHT VIOLATION WARNING: This story was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/14/united-financial-bancorp-inc-ubnk-to-release-quarterly-earnings-on-monday.html.

In other news, Director Michael A. Bars sold 2,350 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $18.18, for a total value of $42,723.00. Following the sale, the director now directly owns 64,821 shares of the company’s stock, valued at approximately $1,178,445.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William Hw Iv Crawford sold 17,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $18.14, for a total transaction of $308,380.00. The disclosure for this sale can be found here. 3.49% of the stock is owned by corporate insiders.

Several research firms have weighed in on UBNK. Keefe, Bruyette & Woods reissued a “buy” rating and set a $21.00 target price on shares of United Financial Bancorp in a research report on Tuesday, October 3rd. BidaskClub downgraded shares of United Financial Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $17.00 target price on shares of United Financial Bancorp in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. United Financial Bancorp presently has an average rating of “Hold” and a consensus price target of $17.67.

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.

Earnings History for United Financial Bancorp (NASDAQ:UBNK)

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