United Financial Bancorp Inc (NASDAQ:UBNK) – Research analysts at Piper Jaffray Companies reduced their Q2 2019 earnings estimates for shares of United Financial Bancorp in a research note issued to investors on Wednesday, October 17th. Piper Jaffray Companies analyst M. Breese now expects that the bank will post earnings per share of $0.31 for the quarter, down from their prior forecast of $0.34. Piper Jaffray Companies also issued estimates for United Financial Bancorp’s FY2020 earnings at $1.35 EPS.
A number of other equities research analysts have also weighed in on the stock. BidaskClub upgraded shares of United Financial Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, September 11th. Zacks Investment Research lowered shares of United Financial Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. United Financial Bancorp currently has a consensus rating of “Hold” and a consensus target price of $20.00.
United Financial Bancorp (NASDAQ:UBNK) last announced its quarterly earnings data on Tuesday, October 16th. The bank reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. United Financial Bancorp had a net margin of 19.27% and a return on equity of 8.56%. The company had revenue of $57.98 million during the quarter, compared to analyst estimates of $57.50 million.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 6th. Investors of record on Friday, October 26th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, October 25th. This represents a $0.48 dividend on an annualized basis and a yield of 3.05%. United Financial Bancorp’s payout ratio is 42.86%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd bought a new stake in United Financial Bancorp during the 2nd quarter valued at about $190,000. SG Americas Securities LLC raised its holdings in shares of United Financial Bancorp by 44.5% in the 2nd quarter. SG Americas Securities LLC now owns 11,156 shares of the bank’s stock valued at $195,000 after purchasing an additional 3,438 shares in the last quarter. AMP Capital Investors Ltd bought a new stake in shares of United Financial Bancorp in the 2nd quarter valued at about $270,000. Zebra Capital Management LLC bought a new stake in shares of United Financial Bancorp in the 2nd quarter valued at about $275,000. Finally, Aperio Group LLC raised its holdings in shares of United Financial Bancorp by 28.7% in the 2nd quarter. Aperio Group LLC now owns 20,007 shares of the bank’s stock valued at $351,000 after purchasing an additional 4,459 shares in the last quarter. Institutional investors own 66.48% of the company’s stock.
United Financial Bancorp Company Profile
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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