United Financial Bancorp, Inc. (NASDAQ:UBNK) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

UBNK has been the topic of a number of other reports. Keefe, Bruyette & Woods upgraded United Financial Bancorp from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $18.50 to $20.00 in a research report on Thursday, April 20th. Piper Jaffray Companies restated a “hold” rating and set a $17.00 price objective on shares of United Financial Bancorp in a research report on Friday, July 14th. Finally, ValuEngine upgraded United Financial Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, May 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $17.33.

Shares of United Financial Bancorp (NASDAQ UBNK) traded up 0.52% during mid-day trading on Wednesday, reaching $17.28. 38,081 shares of the company’s stock traded hands. United Financial Bancorp has a 1-year low of $13.22 and a 1-year high of $18.66. The company has a market capitalization of $867.99 million, a P/E ratio of 14.91 and a beta of 0.65. The firm has a 50-day moving average price of $17.49 and a 200-day moving average price of $17.28.

United Financial Bancorp (NASDAQ:UBNK) last issued its quarterly earnings results on Tuesday, July 18th. The bank reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.06. The company had revenue of $55.80 million for the quarter, compared to the consensus estimate of $54.22 million. United Financial Bancorp had a return on equity of 8.83% and a net margin of 22.95%. During the same period in the previous year, the business posted $0.20 EPS. On average, equities research analysts forecast that United Financial Bancorp will post $1.18 earnings per share for the current fiscal year.

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In related news, Director Michael A. Bars sold 2,350 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $18.18, for a total value of $42,723.00. Following the sale, the director now owns 64,821 shares of the company’s stock, valued at approximately $1,178,445.78. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William Hw Iv Crawford sold 17,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $18.14, for a total value of $308,380.00. The disclosure for this sale can be found here. 3.39% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in shares of United Financial Bancorp by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,502,288 shares of the bank’s stock valued at $58,454,000 after buying an additional 140,843 shares in the last quarter. Vanguard Group Inc. raised its position in United Financial Bancorp by 1.1% in the second quarter. Vanguard Group Inc. now owns 2,087,944 shares of the bank’s stock worth $34,848,000 after buying an additional 23,464 shares in the last quarter. RMB Capital Management LLC raised its position in United Financial Bancorp by 13,146.3% in the third quarter. RMB Capital Management LLC now owns 1,872,094 shares of the bank’s stock worth $25,909,000 after buying an additional 1,857,961 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in United Financial Bancorp by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,627,153 shares of the bank’s stock worth $20,486,000 after buying an additional 5,908 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in United Financial Bancorp by 10.4% in the first quarter. Renaissance Technologies LLC now owns 1,432,612 shares of the bank’s stock worth $24,369,000 after buying an additional 135,373 shares in the last quarter. 64.61% of the stock is currently owned by institutional investors and hedge funds.

United Financial Bancorp Company Profile

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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