United Financial Bancorp (NASDAQ:UBNK) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, October 30th.
Separately, Zacks Investment Research upgraded United Financial Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Saturday, July 21st. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $20.00.
Shares of United Financial Bancorp stock traded down $0.01 during trading on Tuesday, reaching $15.67. The company’s stock had a trading volume of 86,935 shares, compared to its average volume of 176,368. United Financial Bancorp has a one year low of $15.10 and a one year high of $19.35. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.01 and a current ratio of 1.02. The firm has a market capitalization of $800.01 million, a PE ratio of 13.99 and a beta of 0.77.
United Financial Bancorp (NASDAQ:UBNK) last issued its quarterly earnings results on Tuesday, October 16th. The bank reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. United Financial Bancorp had a return on equity of 8.52% and a net margin of 19.27%. The firm had revenue of $57.98 million for the quarter, compared to analyst estimates of $57.50 million. Research analysts forecast that United Financial Bancorp will post 1.23 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UBNK. Thrivent Financial for Lutherans acquired a new position in shares of United Financial Bancorp in the 3rd quarter worth approximately $5,510,000. Martingale Asset Management L P acquired a new position in shares of United Financial Bancorp in the 3rd quarter worth approximately $3,139,000. Dimensional Fund Advisors LP boosted its holdings 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. BlackRock Inc. boosted its holdings in shares of United Financial Bancorp by 3.6% in the 2nd quarter. BlackRock Inc. now owns 3,802,334 shares of the bank’s stock worth $66,618,000 after acquiring an additional 132,471 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of United Financial Bancorp in the 3rd quarter worth approximately $2,186,000. 67.54% of the stock is currently owned by 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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