United Financial Bancorp (UBNK) Lowered to “Strong Sell” at BidaskClub

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

Separately, Keefe, Bruyette & Woods reissued a buy rating and issued a $21.00 price target on shares of United Financial Bancorp in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $19.33.

United Financial Bancorp (NASDAQ UBNK) traded down $0.14 during mid-day trading on Friday, reaching $16.76. 231,243 shares of the company’s stock were exchanged, compared to its average volume of 135,631. 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 fifty-two week low of $15.75 and a fifty-two week high of $19.35. The stock has a market cap of $864.47, a PE ratio of 15.04 and a beta of 0.72.

United Financial Bancorp (NASDAQ:UBNK) last released its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.05). United Financial Bancorp had a return on equity of 8.46% and a net margin of 20.25%. The company had revenue of $54.20 million during the quarter. sell-side analysts forecast that United Financial Bancorp will post 1.2 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Friday, February 2nd will be issued a $0.12 dividend. The ex-dividend date is Thursday, February 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.86%. United Financial Bancorp’s payout ratio is 44.44%.

In other news, CEO William Hw Iv Crawford sold 6,500 shares of the business’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 value of $119,665.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brandon Craig Lorey sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was 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. Insiders own 3.39% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in UBNK. BNP Paribas Arbitrage SA raised its holdings in 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 buying an additional 5,652 shares during the last quarter. Sei Investments Co. raised its holdings in 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 buying an additional 2,579 shares during the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in United Financial Bancorp during the 2nd quarter valued at $169,000. Ameriprise Financial Inc. bought a new stake in United Financial Bancorp during the 2nd quarter valued at $173,000. Finally, Coastline Trust Co bought a new stake in United Financial Bancorp during the 2nd quarter valued at $198,000. Hedge funds and other institutional investors own 64.60% 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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