United Financial Bancorp (UBNK) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of United Financial Bancorp (NASDAQ:UBNK) from a hold rating to a sell rating in a research report released on Thursday morning, ValuEngine reports.

A number of other analysts also recently commented on the company. BidaskClub downgraded United Financial Bancorp from a hold rating to a sell rating in a research report on Tuesday, March 5th. Zacks Investment Research downgraded United Financial Bancorp from a hold rating to a strong sell rating in a research report on Saturday, January 26th. Finally, Sandler O’Neill downgraded United Financial Bancorp from a buy rating to a hold rating in a research report on Wednesday.

Shares of UBNK stock opened at $13.35 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 1.27. United Financial Bancorp has a 12 month low of $13.19 and a 12 month high of $18.33. The company has a market capitalization of $682.56 million, a price-to-earnings ratio of 11.41 and a beta of 0.75.

United Financial Bancorp (NASDAQ:UBNK) last announced its quarterly earnings data on Tuesday, April 16th. The bank reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.03). United Financial Bancorp had a return on equity of 8.49% and a net margin of 19.34%. The firm had revenue of $55.92 million during the quarter, compared to the consensus estimate of $56.60 million. On average, equities research analysts forecast that United Financial Bancorp will post 1.14 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, April 26th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.60%. United Financial Bancorp’s payout ratio is presently 41.03%.

In other news, EVP Brandon Craig Lorey sold 4,540 shares of the stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $16.13, for a total value of $73,230.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kevin E. Ross sold 5,636 shares of the stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $15.59, for a total value of $87,865.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,313 shares of company stock valued at $388,843. 3.37% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc raised its holdings in shares of United Financial Bancorp by 9.8% in the 4th quarter. Legal & General Group Plc now owns 9,041 shares of the bank’s stock worth $133,000 after buying an additional 809 shares in the last quarter. Ramsey Quantitative Systems increased its holdings in United Financial Bancorp by 62.9% during the 4th quarter. Ramsey Quantitative Systems now owns 4,072 shares of the bank’s stock valued at $60,000 after purchasing an additional 1,572 shares in the last quarter. AQR Capital Management LLC increased its holdings in United Financial Bancorp by 9.9% during the 3rd quarter. AQR Capital Management LLC now owns 37,682 shares of the bank’s stock valued at $634,000 after purchasing an additional 3,390 shares in the last quarter. Strs Ohio increased its holdings in United Financial Bancorp by 7.6% during the 1st quarter. Strs Ohio now owns 49,600 shares of the bank’s stock valued at $711,000 after purchasing an additional 3,500 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its holdings in United Financial Bancorp by 9.8% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 45,294 shares of the bank’s stock valued at $666,000 after purchasing an additional 4,036 shares in the last quarter. 69.42% of the stock is owned by institutional investors and hedge funds.

United Financial Bancorp Company Profile

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 and non-interest-bearing checking, regular savings, money market savings, and time deposits.

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