United Financial Bancorp (UBNK) Downgraded to Strong Sell at BidaskClub

BidaskClub lowered shares of United Financial Bancorp (NASDAQ:UBNK) from a sell rating to a strong sell rating in a research note published on Saturday, January 6th.

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

United Financial Bancorp (UBNK) opened at $17.98 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. The company has a market capitalization of $914.30, a price-to-earnings ratio of 15.24 and a beta of 0.72. United Financial Bancorp has a 52-week low of $15.75 and a 52-week high of $19.35.

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

In related news, EVP Brandon Craig Lorey sold 20,000 shares of United Financial Bancorp stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $18.26, for a total value of $365,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William Hw Iv Crawford sold 6,500 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $18.41, for a total value of $119,665.00. The disclosure for this sale can be found here. 3.39% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA grew its stake in shares of United Financial Bancorp by 1,702.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,984 shares of the bank’s stock valued at $100,000 after purchasing an additional 5,652 shares during the period. Sei Investments Co. grew its stake in shares of United Financial Bancorp by 71.5% during the 2nd quarter. Sei Investments Co. now owns 6,187 shares of the bank’s stock valued at $103,000 after purchasing an additional 2,579 shares during the period. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of United Financial Bancorp during the 2nd quarter valued at about $169,000. Ameriprise Financial Inc. bought a new stake in shares of United Financial Bancorp during the 2nd quarter valued at about $173,000. Finally, Coastline Trust Co bought a new stake in shares of United Financial Bancorp during the 2nd quarter valued at about $198,000. Institutional investors and hedge funds own 64.58% 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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