United Financial Bancorp, Inc. (NASDAQ:UBNK) declared a quarterly dividend on Wednesday, July 19th, Wall Street Journal reports. Investors of record on Friday, July 28th will be paid a dividend of 0.12 per share by the bank on Wednesday, August 9th. This represents a $0.48 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Wednesday, July 26th.
United Financial Bancorp (UBNK) opened at 18.14 on Thursday. The company’s 50-day moving average is $17.00 and its 200-day moving average is $17.26. United Financial Bancorp has a 52 week low of $13.01 and a 52 week high of $18.66. The company has a market cap of $910.56 million, a P/E ratio of 17.78 and a beta of 0.63.
United Financial Bancorp (NASDAQ:UBNK) last announced its quarterly earnings results on Tuesday, July 18th. The bank reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.06. The business had revenue of $55.80 million during the quarter, compared to analysts’ expectations of $54.22 million. United Financial Bancorp had a net margin of 22.95% and a return on equity of 8.89%. During the same quarter in the prior year, the company posted $0.20 EPS. On average, analysts anticipate that United Financial Bancorp will post $1.14 EPS for the current fiscal year.
Several equities research analysts have weighed in on UBNK shares. Keefe, Bruyette & Woods raised shares of United Financial Bancorp from a “market perform” rating to an “outperform” rating and increased their price target for the company from $18.50 to $20.00 in a research report on Thursday, April 20th. ValuEngine raised shares of United Financial Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, May 31st. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $17.00 price target on shares of United Financial Bancorp in a research report on Friday, July 14th.
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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