United Financial Bancorp (NASDAQ:UBNK) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Thursday.

Separately, Keefe, Bruyette & Woods reissued a “buy” rating and set a $21.00 price target on shares of United Financial Bancorp in a research report on Tuesday, October 3rd.

United Financial Bancorp (NASDAQ UBNK) traded down $0.14 during mid-day trading on Thursday, hitting $18.20. 241,555 shares of the stock were exchanged, compared to its average volume of 123,410. United Financial Bancorp has a twelve month low of $15.75 and a twelve month high of $19.35. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.03 and a quick ratio of 1.02. The firm has a market capitalization of $939.73, a P/E ratio of 15.66 and a beta of 0.72.

United Financial Bancorp (NASDAQ:UBNK) last released its quarterly earnings results on Tuesday, October 17th. The bank reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. United Financial Bancorp had a net margin of 22.67% and a return on equity of 8.87%. The business had revenue of $54.84 million during the quarter, compared to the consensus estimate of $56.29 million. During the same quarter last year, the company earned $0.28 earnings per share. research analysts forecast that United Financial Bancorp will post 1.16 EPS for the current fiscal year.

In other news, CEO William Hw Iv Crawford sold 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $18.41, for a total transaction of $119,665.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.49% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. boosted its holdings in United Financial Bancorp by 0.3% in the second quarter. Alps Advisors Inc. now owns 28,201 shares of the bank’s stock worth $471,000 after purchasing an additional 73 shares during the period. People s United Financial Inc. boosted its holdings in United Financial Bancorp by 0.6% in the second quarter. People s United Financial Inc. now owns 13,134 shares of the bank’s stock worth $219,000 after purchasing an additional 81 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its holdings in United Financial Bancorp by 1.4% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 25,520 shares of the bank’s stock worth $430,000 after purchasing an additional 360 shares during the period. Legal & General Group Plc boosted its holdings in United Financial Bancorp by 3.2% in the second quarter. Legal & General Group Plc now owns 12,337 shares of the bank’s stock worth $207,000 after purchasing an additional 385 shares during the period. Finally, Mutual of America Capital Management LLC boosted its holdings in United Financial Bancorp by 0.8% in the second quarter. Mutual of America Capital Management LLC now owns 53,668 shares of the bank’s stock worth $896,000 after purchasing an additional 442 shares during the period. 64.59% of the stock is owned by hedge funds and other institutional investors.

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About United Financial Bancorp

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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