BidaskClub upgraded shares of United Financial Bancorp (NASDAQ:UBNK) from a strong sell rating to a sell rating in a research report report published on Saturday.
Separately, Zacks Investment Research upgraded shares of United Financial Bancorp from a hold rating to a buy rating and set a $20.00 target price for the company in a report on Saturday, July 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $20.00.
United Financial Bancorp stock opened at $17.00 on Friday. United Financial Bancorp has a fifty-two week low of $15.47 and a fifty-two week high of $19.35. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.04 and a quick ratio of 1.02. The company has a market capitalization of $860.43 million, a P/E ratio of 15.18 and a beta of 0.72.
United Financial Bancorp (NASDAQ:UBNK) last posted its earnings results on Tuesday, July 17th. The bank reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.01. United Financial Bancorp had a net margin of 19.61% and a return on equity of 8.42%. The firm had revenue of $56.54 million during the quarter, compared to the consensus estimate of $55.80 million. On average, sell-side analysts expect that United Financial Bancorp will post 1.22 EPS for the current year.
Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in United Financial Bancorp in the 1st quarter valued at approximately $125,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of United Financial Bancorp in the second quarter worth $190,000. AMP Capital Investors Ltd acquired a new position in shares of United Financial Bancorp in the second quarter worth $270,000. Zebra Capital Management LLC acquired a new position in shares of United Financial Bancorp in the second quarter worth $275,000. Finally, Aperio Group LLC grew its stake 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 worth $351,000 after acquiring an additional 4,459 shares in the last quarter. Hedge funds and other institutional investors own 66.48% of the company’s stock.
United Financial Bancorp Company Profile
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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