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 report released on Monday.
Other equities research analysts also recently issued reports about the stock. Piper Jaffray Companies reissued a hold rating and issued a $17.00 price target on shares of United Financial Bancorp in a report on Friday, July 14th. Keefe, Bruyette & Woods reissued a hold rating and issued a $18.50 price target on shares of United Financial Bancorp in a report on Wednesday, April 5th. Finally, ValuEngine raised shares of United Financial Bancorp from a hold rating to a buy rating in a research note on Wednesday, May 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $17.33.
Shares of United Financial Bancorp (UBNK) opened at 18.15 on Monday. The company’s 50 day moving average is $17.26 and its 200-day moving average is $17.27. The firm has a market capitalization of $911.44 million, a price-to-earnings ratio of 15.66 and a beta of 0.63. United Financial Bancorp has a one year low of $13.01 and a one year high of $18.66.
United Financial Bancorp (NASDAQ:UBNK) last announced 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. United Financial Bancorp had a net margin of 22.95% and a return on equity of 8.89%. The firm had revenue of $55.80 million for the quarter, compared to the consensus estimate of $54.22 million. During the same period in the prior year, the firm posted $0.20 earnings per share. Equities analysts expect that United Financial Bancorp will post $1.16 EPS for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 9th. Investors of record on Friday, July 28th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Wednesday, July 26th. United Financial Bancorp’s dividend payout ratio is currently 41.38%.
A number of large investors have recently made changes to their positions in UBNK. Trexquant Investment LP bought a new stake in shares of United Financial Bancorp during the first quarter worth $185,000. Janney Montgomery Scott LLC increased its stake in shares of United Financial Bancorp by 10.3% in the first quarter. Janney Montgomery Scott LLC now owns 11,168 shares of the bank’s stock worth $190,000 after buying an additional 1,044 shares in the last quarter. ClariVest Asset Management LLC bought a new stake in shares of United Financial Bancorp during the first quarter worth $191,000. Aperio Group LLC bought a new stake in shares of United Financial Bancorp during the second quarter worth $254,000. Finally, Nine Chapters Capital Management LLC bought a new stake in shares of United Financial Bancorp during the first quarter worth $274,000. 64.54% of the stock is currently owned by institutional investors and hedge funds.
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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