United Financial Bancorp (NASDAQ:UBNK) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Separately, Zacks Investment Research raised shares of United Financial Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Saturday, July 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. United Financial Bancorp currently has an average rating of “Hold” and an average target price of $20.33.

Shares of UBNK opened at $17.56 on Friday. United Financial Bancorp has a 1 year low of $15.47 and a 1 year high of $19.35. The firm has a market cap of $914.11 million, a PE ratio of 15.68 and a beta of 0.69. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.04 and a quick ratio of 1.02.

United Financial Bancorp (NASDAQ:UBNK) last announced its quarterly earnings results on Tuesday, July 17th. The bank reported $0.31 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $56.54 million during the quarter, compared to the consensus estimate of $55.80 million. analysts anticipate that United Financial Bancorp will post 1.22 earnings per share for the current year.

In related news, Director Carol A. Leary sold 25,517 shares of the company’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $17.28, for a total value of $440,933.76. Following the completion of the sale, the director now owns 58,899 shares of the company’s stock, valued at $1,017,774.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William Hw Iv Crawford sold 22,500 shares of the company’s stock in a transaction dated Monday, June 25th. The stock was sold at an average price of $17.97, for a total transaction of $404,325.00. Following the completion of the sale, the chief executive officer now directly owns 164,054 shares of the company’s stock, valued at approximately $2,948,050.38. The disclosure for this sale can be found here. Insiders own 3.37% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in United Financial Bancorp by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,074,403 shares of the bank’s stock worth $71,384,000 after purchasing an additional 155,846 shares during the period. BlackRock Inc. lifted its holdings in United Financial Bancorp by 3.6% in the second quarter. BlackRock Inc. now owns 3,802,334 shares of the bank’s stock worth $66,618,000 after purchasing an additional 132,471 shares during the period. Russell Investments Group Ltd. lifted 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 worth $26,515,000 after purchasing an additional 464,640 shares during the period. Systematic Financial Management LP lifted its holdings in United Financial Bancorp by 9.1% in the second quarter. Systematic Financial Management LP now owns 1,421,647 shares of the bank’s stock worth $24,907,000 after purchasing an additional 118,354 shares during the period. Finally, Northern Trust Corp lifted its holdings in United Financial Bancorp by 0.3% in the first quarter. Northern Trust Corp now owns 1,346,269 shares of the bank’s stock worth $21,810,000 after purchasing an additional 4,675 shares during the period. 66.52% of the stock is owned by institutional investors and hedge funds.

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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