United Financial Bancorp’s (UBNK) “Buy” Rating Reaffirmed at Keefe, Bruyette & Woods
Keefe, Bruyette & Woods reaffirmed their buy rating on shares of United Financial Bancorp, Inc. (NASDAQ:UBNK) in a research report released on Tuesday. They currently have a $21.00 price target on the bank’s stock.
UBNK has been the topic of a number of other reports. BidaskClub cut United Financial Bancorp from a hold rating to a sell rating in a report on Wednesday, August 16th. Piper Jaffray Companies restated a hold rating and issued a $17.00 price objective on shares of United Financial Bancorp in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. United Financial Bancorp currently has a consensus rating of Hold and an average price target of $17.67.
United Financial Bancorp (UBNK) traded up 0.27% on Tuesday, hitting $18.44. 15,524 shares of the company traded hands. The firm’s 50 day moving average price is $17.26 and its 200 day moving average price is $17.15. United Financial Bancorp has a 1-year low of $13.51 and a 1-year high of $18.66. The firm has a market capitalization of $926.26 million, a PE ratio of 15.91 and a beta of 0.66.
United Financial Bancorp (NASDAQ:UBNK) last released its earnings results on Tuesday, July 18th. The bank reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. The company had revenue of $55.80 million for the quarter, compared to analysts’ expectations of $54.22 million. United Financial Bancorp had a net margin of 22.95% and a return on equity of 8.83%. During the same quarter in the previous year, the company earned $0.20 EPS. Equities research analysts predict that United Financial Bancorp will post $1.17 EPS for the current fiscal year.
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In related news, Director Michael A. Bars sold 2,350 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $18.18, for a total transaction of $42,723.00. Following the completion of the transaction, the director now owns 64,821 shares in the company, valued at $1,178,445.78. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William Hw Iv Crawford sold 17,000 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $18.14, for a total transaction of $308,380.00. The disclosure for this sale can be found here. Company insiders own 3.39% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its holdings in United Financial Bancorp by 1,702.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,984 shares of the bank’s stock valued at $100,000 after acquiring an additional 5,652 shares during the last quarter. Sei Investments Co. lifted its stake in United Financial Bancorp by 71.5% in the 2nd quarter. Sei Investments Co. now owns 6,187 shares of the bank’s stock worth $103,000 after purchasing an additional 2,579 shares in the last quarter. Mark Sheptoff Financial Planning LLC lifted its stake in United Financial Bancorp by 66.1% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 6,573 shares of the bank’s stock worth $110,000 after purchasing an additional 2,615 shares in the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new stake in United Financial Bancorp in the 2nd quarter worth $169,000. Finally, Ameriprise Financial Inc. purchased a new stake in United Financial Bancorp in the 2nd quarter worth $173,000. 64.73% of the stock is owned by institutional investors.
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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