United Financial Bancorp (NASDAQ:UBNK) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Tuesday, September 11th.
Separately, Zacks Investment Research raised shares of United Financial Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Saturday, July 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $20.00.
Shares of UBNK stock traded down $0.02 on Tuesday, hitting $16.84. 68,849 shares of the company’s stock traded hands, compared to its average volume of 130,942. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.02 and a current ratio of 1.04. United Financial Bancorp has a one year low of $15.47 and a one year high of $19.35. The firm has a market cap of $860.43 million, a P/E ratio of 15.04 and a beta of 0.72.
United Financial Bancorp (NASDAQ:UBNK) last released its earnings results on Tuesday, July 17th. The bank reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The company had revenue of $56.54 million for the quarter, compared to analyst estimates of $55.80 million. United Financial Bancorp had a net margin of 19.61% and a return on equity of 8.42%. As a group, analysts forecast that United Financial Bancorp will post 1.22 EPS for the current year.
Large investors have recently bought and sold shares of the company. Bailard Inc. lifted its position in shares of United Financial Bancorp by 43.2% in the 2nd quarter. Bailard Inc. now owns 42,400 shares of the bank’s stock worth $743,000 after purchasing an additional 12,800 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of United Financial Bancorp by 7.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 275,292 shares of the bank’s stock worth $4,824,000 after acquiring an additional 18,625 shares in the last quarter. RMB Capital Management LLC increased its stake in shares of United Financial Bancorp by 100.5% in the 1st quarter. RMB Capital Management LLC now owns 434,355 shares of the bank’s stock worth $7,037,000 after acquiring an additional 217,745 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of United Financial Bancorp by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,074,403 shares of the bank’s stock worth $71,384,000 after acquiring an additional 155,846 shares in the last quarter. Finally, First Republic Investment Management Inc. increased its stake in shares of United Financial Bancorp by 5.8% in the 1st quarter. First Republic Investment Management Inc. now owns 79,937 shares of the bank’s stock worth $1,295,000 after acquiring an additional 4,397 shares in the last quarter. 66.48% of the stock is owned by hedge funds and other institutional investors.
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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