BidaskClub upgraded shares of United Financial Bancorp, Inc. (NASDAQ:UBNK) from a sell rating to a hold rating in a research note released on Monday, July 24th.
Other equities analysts have also recently issued reports about the company. ValuEngine upgraded United Financial Bancorp from a hold rating to a buy rating in a report on Wednesday, May 31st. Piper Jaffray Companies reiterated a hold rating and issued a $17.00 target price on shares of United Financial Bancorp in a report on Friday, July 14th. Finally, Keefe, Bruyette & Woods reiterated a hold rating and issued a $18.50 target price on shares of United Financial Bancorp in a report on Wednesday, April 5th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $17.33.
Shares of United Financial Bancorp (NASDAQ:UBNK) traded down 1.51% on Monday, reaching $16.96. 103,336 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $17.45 and its 200-day moving average price is $17.30. United Financial Bancorp has a 52-week low of $13.30 and a 52-week high of $18.66. The stock has a market cap of $851.92 million, a P/E ratio of 14.63 and a beta of 0.65.
United Financial Bancorp (NASDAQ:UBNK) last posted its quarterly earnings results on Tuesday, July 18th. The bank reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. The firm had revenue of $55.80 million for the quarter, compared to analysts’ expectations of $54.22 million. United Financial Bancorp had a return on equity of 8.83% and a net margin of 22.95%. During the same period in the prior year, the business earned $0.20 EPS. Equities analysts forecast that United Financial Bancorp will post $1.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 28th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date was Wednesday, July 26th. United Financial Bancorp’s dividend payout ratio is currently 41.38%.
In related news, CEO William Hw Iv Crawford sold 17,000 shares of the 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael A. Bars sold 2,350 shares of the 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 owns 64,821 shares in the company, valued at $1,178,445.78. The disclosure for this sale can be found here. 3.49% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in UBNK. Dimensional Fund Advisors LP raised its stake in United Financial Bancorp by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,502,288 shares of the bank’s stock worth $58,454,000 after buying an additional 140,843 shares during the last quarter. Vanguard Group Inc. raised its stake in United Financial Bancorp by 1.1% in the second quarter. Vanguard Group Inc. now owns 2,087,944 shares of the bank’s stock worth $34,848,000 after buying an additional 23,464 shares during the last quarter. Renaissance Technologies LLC raised its stake in United Financial Bancorp by 10.4% in the first quarter. Renaissance Technologies LLC now owns 1,432,612 shares of the bank’s stock worth $24,369,000 after buying an additional 135,373 shares during the last quarter. Northern Trust Corp raised its stake in United Financial Bancorp by 1.8% in the second quarter. Northern Trust Corp now owns 1,353,011 shares of the bank’s stock worth $22,582,000 after buying an additional 24,374 shares during the last quarter. Finally, Systematic Financial Management LP raised its stake in United Financial Bancorp by 1.9% in the second quarter. Systematic Financial Management LP now owns 1,105,564 shares of the bank’s stock worth $18,452,000 after buying an additional 20,717 shares during the last quarter. 64.13% of the stock is owned by institutional investors and hedge funds.
About United Financial Bancorp
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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