United Financial Bancorp Inc (UBNK) Releases Earnings Results, Misses Expectations By $-0.05 EPS

United Financial Bancorp Inc (UBNK) reported quarterly earnings results on Tuesday, Jul-19-2016. The company reported $0.20 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $0.25. The company posted revenue of $48.03 million in the period, compared to analysts expectations of $51.32 million. The company’s revenue was down -4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on United Financial Bancorp Inc. United Financial Bancorp Inc was Downgraded by Piper Jaffray to ” Neutral” on Apr 21, 2016.

United Financial Bancorp Inc closed down -0.02 points or -0.15% at $13.47 with 59,536 shares getting traded on Monday. Post opening the session at $13.49, the shares hit an intraday low of $13.45 and an intraday high of $13.57 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jun 14, 2016, Robert A Jr Stewart (director) sold 23,660 shares at $13.28 per share price. According to the SEC, on Jun 10, 2016, Michael A Bars (director) sold 6,775 shares at $13.44 per share price. On Feb 1, 2016, Mark F Doyle (SVP United Bank) purchased 1,500 shares at $11.09 per share price, according to the Form-4 filing with the securities and exchange commission.

United Financial Bancorp Inc. (United) formerly Rockville Financial Inc. is a bank holding company. The Company through United Bank delivers financial services to individuals families and businesses throughout Connecticut and central and western Massachusetts through 56 banking offices its commercial loan and mortgage loan production offices 67 automated teller machines (ATMs) telephone banking mobile banking and its Internet Website www.bankatunited.com. In addition to the Merger the Company operates two branch locations in North Haven Connecticut and East Hartford Connecticut. It operates in suburban market areas. Its retail banking and lending offices are located in Connecticut throughout Hartford New Haven New London and Tolland Counties and in Massachusetts in West Springfield Greater Springfield and Worcester regions.

United Financial Bancorp Inc

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