United Financial Bancorp, Inc. Outperforms Estimates (UBNK)

United Financial Bancorp, Inc. (UBNK) reported operating results of $0.20/share, which topped Street estimates of $0.16/share. The company also topped Keefe, Bruyette & Woods estimates of $0.15/share. A lower provision along with improved expense control helped the bank offset weaker spread income. After UBNK released results this morning, analysts at KBW decided to increase estimates while reiterating its $15.00 price target. Analysts also expect for UBNK to perform in-line with the broader market. Shares of UBNK are currently trading at $13.97.