United Financial Bancorp Inc (UBNK) Releases Earnings Results, Beats Expectations By $0.06 EPS

United Financial Bancorp Inc (UBNK) announced its most recent quarterly financial results on Tuesday, Oct-18-2016. UBNK said it had a profit of $0.28 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.22. The company posted revenue of $50.92 million in the period, compared to analysts expectations of $50.13 million. UBNK’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

United Financial Bancorp Inc opened for trading at $13.75 and hit $13.75 on the upside on Friday, eventually ending the session at $13.68, with a gain of 0.29% or 0.04 points. The heightened volatility saw the trading volume jump to 54,192 shares. Company has a market cap of $688 M.

In a different news, on Sep 16, 2016, Raymond H Jr Lefurge (director) sold 6,635 shares at $13.52 per share price. According to the SEC, on Aug 4, 2016, Kevin E Ross (director) sold 21,018 shares at $13.20 per share price. On Jul 29, 2016, Carol A Leary (director) sold 14,372 shares at $13.14 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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