United Financial Bancorp Inc (UBNK) Given Consensus Rating of “Hold” by Brokerages

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Shares of United Financial Bancorp Inc (NASDAQ:UBNK) have been given a consensus rating of “Hold” by the seven research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $18.50.

A number of brokerages have recently commented on UBNK. Zacks Investment Research cut United Financial Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, May 17th. ValuEngine cut United Financial Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. BidaskClub upgraded United Financial Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Finally, Keefe, Bruyette & Woods cut United Financial Bancorp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 7th.

In related news, CEO William Hw Iv Crawford sold 30,000 shares of the stock in a transaction on Thursday, May 24th. The stock was sold at an average price of $17.42, for a total value of $522,600.00. Following the completion of the sale, the chief executive officer now directly owns 178,584 shares in the company, valued at $3,110,933.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.37% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in United Financial Bancorp by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,918,557 shares of the bank’s stock valued at $63,481,000 after purchasing an additional 126,071 shares during the period. BlackRock Inc. increased its holdings in United Financial Bancorp by 1.3% in the fourth quarter. BlackRock Inc. now owns 3,671,006 shares of the bank’s stock valued at $64,756,000 after purchasing an additional 46,402 shares during the period. Russell Investments Group Ltd. increased its holdings in United Financial Bancorp by 39.6% in the first quarter. Russell Investments Group Ltd. now owns 1,636,858 shares of the bank’s stock valued at $26,515,000 after purchasing an additional 464,640 shares during the period. Renaissance Technologies LLC increased its holdings in United Financial Bancorp by 9.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,621,912 shares of the bank’s stock valued at $28,611,000 after purchasing an additional 146,300 shares during the period. Finally, Northern Trust Corp grew its holdings in United Financial Bancorp by 0.3% during the 1st quarter. Northern Trust Corp now owns 1,346,269 shares of the bank’s stock worth $21,810,000 after acquiring an additional 4,675 shares during the period. Institutional investors and hedge funds own 66.64% of the company’s stock.

Shares of United Financial Bancorp opened at $17.56 on Thursday, according to MarketBeat. United Financial Bancorp has a 52 week low of $15.47 and a 52 week high of $19.35. The firm has a market capitalization of $895.92 million, a PE ratio of 15.68 and a beta of 0.66. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.03 and a quick ratio of 1.02.

United Financial Bancorp (NASDAQ:UBNK) last announced its quarterly earnings results on Tuesday, April 17th. The bank reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.03. United Financial Bancorp had a return on equity of 8.59% and a net margin of 20.33%. The company had revenue of $55.83 million during the quarter. analysts expect that United Financial Bancorp will post 1.2 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 9th. Investors of record on Friday, April 27th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, April 26th. This represents a $0.48 dividend on an annualized basis and a yield of 2.73%. United Financial Bancorp’s payout ratio is 42.86%.

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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