United Financial Bancorp, Inc. (NASDAQ:UBNK)‘s stock had its “buy” rating restated by equities researchers at Keefe, Bruyette & Woods in a research report issued to clients and investors on Tuesday. They presently have a $21.00 price objective on the bank’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 14.19% from the stock’s current price.

A number of other equities analysts have also recently commented on UBNK. Piper Jaffray Companies reiterated a “hold” rating and issued a $17.00 target price on shares of United Financial Bancorp in a report on Friday, July 14th. BidaskClub upgraded United Financial Bancorp from a “sell” rating to a “hold” rating in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.67.

Shares of United Financial Bancorp (NASDAQ:UBNK) traded down 0.59% on Tuesday, hitting $18.39. 118,271 shares of the company traded hands. The firm’s 50 day moving average price is $17.26 and its 200-day moving average price is $17.15. The stock has a market capitalization of $923.75 million, a price-to-earnings ratio of 15.87 and a beta of 0.66. United Financial Bancorp has a 1-year low of $13.51 and a 1-year high of $18.66.

United Financial Bancorp (NASDAQ:UBNK) last issued its quarterly earnings data on Tuesday, July 18th. The bank reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. The business 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 prior year, the business posted $0.20 earnings per share. On average, equities research analysts expect that United Financial Bancorp will post $1.17 earnings per share for the current year.

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In related news, CEO William Hw Iv Crawford sold 17,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $18.14, for a total transaction of $308,380.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael A. Bars sold 2,350 shares of the firm’s stock in a transaction that occurred 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 directly owns 64,821 shares of the company’s stock, valued at $1,178,445.78. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its position in United Financial Bancorp by 1,702.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,984 shares of the bank’s stock valued at $100,000 after acquiring an additional 5,652 shares during the last quarter. Sei Investments Co. lifted its position in shares of United Financial Bancorp by 71.5% during the second quarter. Sei Investments Co. now owns 6,187 shares of the bank’s stock worth $103,000 after purchasing an additional 2,579 shares during the last quarter. Mark Sheptoff Financial Planning LLC lifted its position in shares of United Financial Bancorp by 66.1% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 6,573 shares of the bank’s stock worth $110,000 after purchasing an additional 2,615 shares during the last quarter. Royal Bank of Canada lifted its position in shares of United Financial Bancorp by 12.2% during the second quarter. Royal Bank of Canada now owns 8,594 shares of the bank’s stock worth $111,000 after purchasing an additional 936 shares during the last quarter. Finally, Genesee Valley Trust Co. bought a new stake in shares of United Financial Bancorp during the second quarter worth $137,000. Institutional investors own 64.73% of the company’s stock.

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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