United Financial Bancorp Inc (NASDAQ:UBNK) EVP Mark A. Kucia sold 6,583 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $16.04, for a total value of $105,591.32. Following the sale, the executive vice president now directly owns 68,964 shares of the company’s stock, valued at approximately $1,106,182.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of United Financial Bancorp Inc (NASDAQ UBNK) traded up $0.23 during trading on Wednesday, reaching $16.23. The company’s stock had a trading volume of 111,109 shares, compared to its average volume of 154,149. United Financial Bancorp Inc has a fifty-two week low of $15.60 and a fifty-two week high of $19.35. The firm has a market cap of $825.31, a P/E ratio of 15.17 and a beta of 0.65. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 1.56.
United Financial Bancorp (NASDAQ:UBNK) last announced its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.24 earnings per share (EPS) for the quarter, missing the 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 business had revenue of $54.20 million for the quarter. sell-side analysts expect that United Financial Bancorp Inc will post 1.2 EPS for the current year.
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in 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 purchasing an additional 46,402 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of United Financial Bancorp by 4.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,642,263 shares of the bank’s stock worth $66,617,000 after buying an additional 139,975 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of United Financial Bancorp by 1.1% during 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. Renaissance Technologies LLC lifted its holdings in shares of United Financial Bancorp by 9.9% during the fourth quarter. Renaissance Technologies LLC now owns 1,621,912 shares of the bank’s stock worth $28,611,000 after buying an additional 146,300 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of United Financial Bancorp by 1.8% during the second quarter. Northern Trust Corp now owns 1,353,011 shares of the bank’s stock worth $22,582,000 after buying an additional 24,374 shares in the last quarter. 64.18% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have issued reports on the company. BidaskClub raised United Financial Bancorp from a “sell” rating to a “hold” rating in a report on Saturday. Hovde Group reaffirmed a “hold” rating on shares of United Financial Bancorp in a report on Friday, January 26th. Finally, Sandler O’Neill set a $20.00 price target on United Financial Bancorp and gave the company a “buy” rating in a report on Wednesday, January 24th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $19.33.
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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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