United Financial Bancorp Inc (NASDAQ:UBNK) – Analysts at Piper Jaffray Companies raised their FY2018 earnings per share (EPS) estimates for shares of United Financial Bancorp in a research note issued on Wednesday, October 17th, according to Zacks Investment Research. Piper Jaffray Companies analyst M. Breese now expects that the bank will post earnings per share of $1.23 for the year, up from their previous forecast of $1.22. Piper Jaffray Companies also issued estimates for United Financial Bancorp’s Q4 2018 earnings at $0.30 EPS, Q1 2019 earnings at $0.29 EPS, Q3 2019 earnings at $0.32 EPS, Q4 2019 earnings at $0.32 EPS, FY2019 earnings at $1.25 EPS, Q1 2020 earnings at $0.31 EPS, Q2 2020 earnings at $0.33 EPS and Q3 2020 earnings at $0.35 EPS.
Several other equities research analysts have also recently weighed in on the stock. BidaskClub raised shares of United Financial Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 30th. Zacks Investment Research cut shares of United Financial Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $20.00.
United Financial Bancorp (NASDAQ:UBNK) last released its quarterly earnings results on Tuesday, October 16th. The bank reported $0.32 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. United Financial Bancorp had a net margin of 19.27% and a return on equity of 8.52%. The business had revenue of $57.98 million for the quarter, compared to the consensus estimate of $57.50 million.
A number of institutional investors and hedge funds have recently bought and sold shares of UBNK. Dynamic Technology Lab Private Ltd bought a new stake in United Financial Bancorp during the second quarter worth about $190,000. SG Americas Securities LLC lifted its position in United Financial Bancorp by 44.5% during the second quarter. SG Americas Securities LLC now owns 11,156 shares of the bank’s stock worth $195,000 after purchasing an additional 3,438 shares during the period. Engineers Gate Manager LP bought a new position in shares of United Financial Bancorp in the third quarter worth about $195,000. AMP Capital Investors Ltd bought a new position in shares of United Financial Bancorp in the second quarter worth about $270,000. Finally, Zebra Capital Management LLC bought a new position in shares of United Financial Bancorp in the second quarter worth about $275,000. 66.70% of the stock is owned by institutional investors and hedge funds.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 6th. Investors of record on Friday, October 26th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, October 25th. This represents a $0.48 annualized dividend and a yield of 3.03%. United Financial Bancorp’s dividend payout ratio is 42.86%.
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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