United Financial Bancorp (NASDAQ:UBNK) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.
Separately, Keefe, Bruyette & Woods restated a “buy” rating and issued a $21.00 price target on shares of United Financial Bancorp in a report on Tuesday, October 3rd.
Shares of United Financial Bancorp (NASDAQ UBNK) traded down $0.14 during midday trading on Thursday, reaching $18.20. 241,555 shares of the company were exchanged, compared to its average volume of 123,410. United Financial Bancorp has a fifty-two week low of $15.75 and a fifty-two week high of $19.35. The company has a market capitalization of $939.73, a P/E ratio of 15.66 and a beta of 0.72. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.03 and a quick ratio of 1.02.
United Financial Bancorp (NASDAQ:UBNK) last posted its quarterly earnings results on Tuesday, October 17th. The bank reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $54.84 million during the quarter, compared to analysts’ expectations of $56.29 million. United Financial Bancorp had a net margin of 22.67% and a return on equity of 8.87%. During the same period last year, the company posted $0.28 earnings per share. analysts anticipate that United Financial Bancorp will post 1.16 earnings per share for the current year.
In other United Financial Bancorp 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 value of $119,665.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.49% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in United Financial Bancorp by 4.0% in the third quarter. Dimensional Fund Advisors LP now owns 3,642,263 shares of the bank’s stock worth $66,617,000 after purchasing an additional 139,975 shares during the period. Vanguard Group Inc. grew its holdings 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 purchasing an additional 23,464 shares during the period. Northern Trust Corp grew its holdings in United Financial Bancorp by 1.8% in the second quarter. Northern Trust Corp now owns 1,353,011 shares of the bank’s stock worth $22,582,000 after purchasing an additional 24,374 shares during the period. State Street Corp grew its holdings in shares of United Financial Bancorp by 8.7% during the second quarter. State Street Corp now owns 1,196,524 shares of the bank’s stock valued at $19,969,000 after buying an additional 95,296 shares during the last quarter. Finally, Systematic Financial Management LP grew its holdings in shares of United Financial Bancorp by 3.0% during the third quarter. Systematic Financial Management LP now owns 1,138,560 shares of the bank’s stock valued at $20,824,000 after buying an additional 32,996 shares during the last quarter. Institutional investors and hedge funds own 64.59% of the company’s stock.
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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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