United Financial Bancorp (UBNK) Downgraded to Hold at BidaskClub

BidaskClub cut shares of United Financial Bancorp (NASDAQ:UBNK) from a buy rating to a hold rating in a report issued on Friday.

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

UBNK traded up $0.30 on Friday, reaching $16.02. The company had a trading volume of 231,317 shares, compared to its average volume of 111,398. United Financial Bancorp has a 1 year low of $15.10 and a 1 year high of $18.58. The stock has a market cap of $802.05 million, a PE ratio of 13.44 and a beta of 0.73. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.02 and a quick ratio of 1.01.

United Financial Bancorp (NASDAQ:UBNK) last announced its quarterly earnings results on Tuesday, October 16th. The bank reported $0.32 earnings per share for the quarter, meeting 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 firm had revenue of $57.98 million during the quarter, compared to analysts’ expectations of $57.50 million. As a group, equities analysts expect that United Financial Bancorp will post 1.23 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in UBNK. Aperio Group LLC raised its holdings in shares of United Financial Bancorp by 28.7% in the second quarter. Aperio Group LLC now owns 20,007 shares of the bank’s stock valued at $351,000 after buying an additional 4,459 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of United Financial Bancorp by 44.5% in the second quarter. SG Americas Securities LLC now owns 11,156 shares of the bank’s stock valued at $195,000 after buying an additional 3,438 shares during the last quarter. Systematic Financial Management LP raised its holdings in shares of United Financial Bancorp by 9.1% in the second quarter. Systematic Financial Management LP now owns 1,421,647 shares of the bank’s stock valued at $24,907,000 after buying an additional 118,354 shares during the last quarter. Bailard Inc. raised its holdings in shares of United Financial Bancorp by 43.2% in the second quarter. Bailard Inc. now owns 42,400 shares of the bank’s stock valued at $743,000 after buying an additional 12,800 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of United Financial Bancorp by 7.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 275,292 shares of the bank’s stock valued at $4,824,000 after buying an additional 18,625 shares during the last quarter. 67.98% of the stock is owned by institutional investors and hedge funds.

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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