United Financial Bancorp, Inc. (UBNK) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of United Financial Bancorp, Inc. (NASDAQ:UBNK) from a sell rating to a hold rating in a research note published on Monday, July 24th.

Other equities analysts have also recently issued research reports about the company. Piper Jaffray Companies restated a hold rating and set a $17.00 price objective on shares of United Financial Bancorp in a report on Friday, July 14th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $18.50 target price on shares of United Financial Bancorp in a research report on Wednesday, April 5th. Finally, ValuEngine raised United Financial Bancorp from a hold rating to a buy rating in a research report on Wednesday, May 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $17.33.

Shares of United Financial Bancorp (NASDAQ:UBNK) opened at 16.86 on Monday. United Financial Bancorp has a 1-year low of $13.32 and a 1-year high of $18.66. The firm has a market capitalization of $846.89 million, a P/E ratio of 14.55 and a beta of 0.65. The stock has a 50 day moving average of $17.50 and a 200-day moving average of $17.27.

United Financial Bancorp (NASDAQ:UBNK) last posted its quarterly earnings data on Tuesday, July 18th. The bank reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.06. United Financial Bancorp had a return on equity of 8.83% and a net margin of 22.95%. The company had revenue of $55.80 million during the quarter, compared to analysts’ expectations of $54.22 million. During the same quarter in the previous year, the business earned $0.20 EPS. On average, equities analysts expect that United Financial Bancorp will post $1.18 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Friday, July 28th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Wednesday, July 26th. United Financial Bancorp’s dividend payout ratio (DPR) is presently 41.38%.

In other news, Director Michael A. Bars sold 2,350 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $18.18, for a total value of $42,723.00. Following the completion of the transaction, the director now directly owns 64,821 shares of the company’s stock, valued at approximately $1,178,445.78. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO William Hw Iv Crawford sold 17,000 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $18.14, for a total value of $308,380.00. The disclosure for this sale can be found here. Insiders own 3.49% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in UBNK. Alps Advisors Inc. raised its position in shares of United Financial Bancorp by 0.3% in the second quarter. Alps Advisors Inc. now owns 28,201 shares of the bank’s stock valued at $471,000 after buying an additional 73 shares in the last quarter. People s United Financial Inc. increased its stake in United Financial Bancorp by 0.6% in the second quarter. People s United Financial Inc. now owns 13,134 shares of the bank’s stock valued at $219,000 after buying an additional 81 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in United Financial Bancorp by 1.4% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 25,520 shares of the bank’s stock valued at $430,000 after buying an additional 360 shares during the last quarter. Legal & General Group Plc increased its stake in United Financial Bancorp by 3.2% in the second quarter. Legal & General Group Plc now owns 12,337 shares of the bank’s stock valued at $207,000 after buying an additional 385 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in United Financial Bancorp by 0.8% in the second quarter. Mutual of America Capital Management LLC now owns 53,668 shares of the bank’s stock valued at $896,000 after buying an additional 442 shares during the last quarter. 64.61% of the stock is currently owned by institutional investors.

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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