United Financial Bancorp (NASDAQ:UBNK) posted its earnings results on Tuesday. The bank reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.03), Morningstar.com reports. United Financial Bancorp had a return on equity of 8.49% and a net margin of 19.34%. The business had revenue of $55.92 million for the quarter, compared to the consensus estimate of $56.60 million.
NASDAQ:UBNK opened at $14.96 on Wednesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.00 and a current ratio of 1.01. United Financial Bancorp has a 52 week low of $13.37 and a 52 week high of $18.33. The firm has a market capitalization of $757.21 million, a PE ratio of 12.79 and a beta of 0.75.
In other news, EVP Brandon Craig Lorey sold 14,137 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $16.11, for a total value of $227,747.07. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kevin E. Ross sold 5,636 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $15.59, for a total transaction of $87,865.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,313 shares of company stock worth $388,843. Insiders own 3.37% of the company’s stock.
UBNK has been the topic of a number of research reports. BidaskClub lowered shares of United Financial Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Zacks Investment Research lowered shares of United Financial Bancorp from a “hold” rating to a “strong sell” rating in a report on Saturday, January 26th.
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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