United Financial Bancorp (UBNK) Downgraded by BidaskClub to “Hold”

United Financial Bancorp (NASDAQ:UBNK) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Separately, Zacks Investment Research downgraded shares of United Financial Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $20.00.

UBNK stock opened at $15.72 on Friday. United Financial Bancorp has a 12-month low of $15.10 and a 12-month high of $18.60. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.02 and a quick ratio of 1.01. The company has a market capitalization of $793.89 million, a price-to-earnings ratio of 14.04 and a beta of 0.73.

United Financial Bancorp (NASDAQ:UBNK) last released its earnings results on Tuesday, October 16th. The bank reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. United Financial Bancorp had a net margin of 19.27% and a return on equity of 8.52%. The company had revenue of $57.98 million during the quarter, compared to the consensus estimate of $57.50 million. On average, research analysts expect that United Financial Bancorp will post 1.23 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of United Financial Bancorp by 395.1% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 121,885 shares of the bank’s stock valued at $2,051,000 after purchasing an additional 97,265 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of United Financial Bancorp by 7.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 275,292 shares of the bank’s stock valued at $4,824,000 after purchasing an additional 18,625 shares in the last quarter. Bailard Inc. raised its holdings in shares of United Financial Bancorp by 43.2% during the 2nd quarter. Bailard Inc. now owns 42,400 shares of the bank’s stock valued at $743,000 after purchasing an additional 12,800 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of United Financial Bancorp by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,074,403 shares of the bank’s stock valued at $71,384,000 after purchasing an additional 155,846 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of United Financial Bancorp during the 2nd quarter valued at $190,000. Institutional investors own 67.98% of the company’s stock.

About United Financial Bancorp

United Financial Bancorp, Inc operates as the holding company for United Bank that provides retail, commercial, and consumer banking services to individuals, families, and businesses. The company accepts various deposits, such as interest-bearing checking, non-interest-bearing checking, regular savings, money market savings, and time deposits.

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