BidaskClub downgraded shares of United Financial Bancorp (NASDAQ:UBNK) from a hold rating to a sell rating in a report issued on Wednesday.
Other analysts also recently issued reports about the company. Hovde Group reissued a hold rating on shares of United Financial Bancorp in a research report on Friday, January 26th. Sandler O’Neill set a $20.00 target price on United Financial Bancorp and gave the stock a buy rating in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $19.33.
Shares of United Financial Bancorp (NASDAQ UBNK) opened at $16.14 on Wednesday. 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 $811.58, a P/E ratio of 14.12 and a beta of 0.65. United Financial Bancorp has a 52-week low of $15.60 and a 52-week high of $19.35.
United Financial Bancorp (NASDAQ:UBNK) last issued 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). The business had revenue of $54.20 million for the quarter. United Financial Bancorp had a net margin of 20.25% and a return on equity of 8.46%. research analysts anticipate that United Financial Bancorp will post 1.2 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Friday, February 2nd were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Thursday, February 1st. United Financial Bancorp’s payout ratio is currently 44.44%.
In other news, EVP Brandon Craig Lorey sold 20,000 shares of the firm’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark A. Kucia sold 6,583 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $16.04, for a total value of $105,591.32. Following the completion of the transaction, the executive vice president now directly owns 68,964 shares of the company’s stock, valued at $1,106,182.56. The disclosure for this sale can be found here. Insiders sold 33,083 shares of company stock valued at $590,456 over the last ninety days. Corporate insiders own 3.49% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Sterling Capital Management LLC boosted its holdings in shares of United Financial Bancorp by 9.8% in the fourth quarter. Sterling Capital Management LLC now owns 188,306 shares of the bank’s stock worth $3,322,000 after acquiring an additional 16,825 shares during the period. MetLife Investment Advisors LLC bought a new stake in United Financial Bancorp during the fourth quarter valued at $386,000. Millennium Management LLC boosted its stake in United Financial Bancorp by 12.8% during the fourth quarter. Millennium Management LLC now owns 606,656 shares of the bank’s stock valued at $10,701,000 after buying an additional 68,631 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in United Financial Bancorp by 244.7% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,839 shares of the bank’s stock valued at $279,000 after buying an additional 11,244 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in United Financial Bancorp by 23.1% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 22,900 shares of the bank’s stock valued at $403,000 after buying an additional 4,300 shares during the period. 65.41% of the stock is owned by hedge funds and other institutional investors.
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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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