United Financial Bancorp (UBNK) Lifted to Hold at BidaskClub

United Financial Bancorp (NASDAQ:UBNK) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday.

Other research analysts also recently issued reports about the stock. Sandler O’Neill set a $20.00 price target on shares of United Financial Bancorp and gave the company a “buy” rating in a report on Wednesday, January 24th. Hovde Group reissued a “hold” rating on shares of United Financial Bancorp in a report on Friday, January 26th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $19.33.

Shares of United Financial Bancorp (NASDAQ:UBNK) opened at $16.12 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 1.56. United Financial Bancorp has a 52 week low of $15.60 and a 52 week high of $19.35. The company has a market capitalization of $818.77, a P/E ratio of 15.07 and a beta of 0.65.

United Financial Bancorp (NASDAQ:UBNK) last announced its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.05). United Financial Bancorp had a net margin of 20.25% and a return on equity of 8.46%. The firm had revenue of $54.20 million during the quarter. research analysts forecast that United Financial Bancorp will post 1.2 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 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 legal filing with the SEC, which is available at the SEC website. Also, EVP Brandon Craig Lorey sold 20,000 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $18.26, for a total transaction of $365,200.00. The disclosure for this sale can be found here. 3.49% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Systematic Financial Management LP raised its position in shares of United Financial Bancorp by 9.2% during the 4th quarter. Systematic Financial Management LP now owns 1,243,574 shares of the bank’s stock valued at $21,937,000 after buying an additional 105,014 shares in the last quarter. BlackRock Inc. raised its position in shares of United Financial Bancorp by 1.3% during the 4th quarter. BlackRock Inc. now owns 3,671,006 shares of the bank’s stock valued at $64,756,000 after buying an additional 46,402 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of United Financial Bancorp by 33.5% during the 4th quarter. Wells Fargo & Company MN now owns 115,968 shares of the bank’s stock valued at $2,046,000 after buying an additional 29,099 shares in the last quarter. First Trust Advisors LP raised its position in shares of United Financial Bancorp by 32.2% during the 4th quarter. First Trust Advisors LP now owns 124,000 shares of the bank’s stock valued at $2,187,000 after buying an additional 30,219 shares in the last quarter. Finally, Bailard Inc. purchased a new stake in shares of United Financial Bancorp during the 4th quarter valued at $265,000. Hedge funds and other institutional investors own 64.11% of the company’s stock.

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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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