Press coverage about United Financial Bancorp (NASDAQ:UBNK) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. United Financial Bancorp earned a news sentiment score of 0.25 on Accern’s scale. Accern also gave news articles about the bank an impact score of 46.4999559053656 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
United Financial Bancorp (NASDAQ:UBNK) traded up 0.12% on Friday, reaching $16.86. 135,217 shares of the company traded hands. The firm has a market cap of $846.89 million, a P/E ratio of 14.55 and a beta of 0.65. The stock has a 50-day moving average price of $17.50 and a 200-day moving average price of $17.27. United Financial Bancorp has a 52-week low of $13.32 and a 52-week high of $18.66.
United Financial Bancorp (NASDAQ:UBNK) last posted its quarterly earnings data on Tuesday, July 18th. The bank reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.06. The firm had revenue of $55.80 million during the quarter, compared to the consensus estimate of $54.22 million. United Financial Bancorp had a net margin of 22.95% and a return on equity of 8.83%. During the same quarter in the previous year, the firm posted $0.20 EPS. Analysts anticipate that United Financial Bancorp will post $1.18 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Friday, July 28th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Wednesday, July 26th. United Financial Bancorp’s dividend payout ratio is currently 41.38%.
UBNK has been the subject of a number of research analyst reports. ValuEngine raised shares of United Financial Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, May 31st. BidaskClub raised shares of United Financial Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $17.00 price objective on shares of United Financial Bancorp in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. United Financial Bancorp has an average rating of “Hold” and an average price target of $17.33.
In other news, CEO William Hw Iv Crawford sold 17,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $18.14, for a total value of $308,380.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael A. Bars sold 2,350 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $18.18, for a total transaction of $42,723.00. Following the completion of the transaction, the director now owns 64,821 shares of the company’s stock, valued at $1,178,445.78. The disclosure for this sale can be found here. 3.49% of the stock is currently owned by insiders.
About United Financial Bancorp
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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