Somewhat Favorable Media Coverage Somewhat Unlikely to Affect United Financial Bancorp (UBNK) Stock Price
Media stories about United Financial Bancorp (NASDAQ:UBNK) have been trending somewhat positive on Sunday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. United Financial Bancorp earned a media sentiment score of 0.01 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 45.6140494718415 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several equities analysts have weighed in on UBNK shares. Zacks Investment Research raised shares of United Financial Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Saturday, July 21st. BidaskClub raised shares of United Financial Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, June 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $20.33.
NASDAQ:UBNK traded up $0.02 during trading hours on Friday, hitting $17.79. 41,330 shares of the stock traded hands, compared to its average volume of 94,045. 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 has a 1 year low of $15.47 and a 1 year high of $19.35. The company has a market capitalization of $909.51 million, a P/E ratio of 15.88 and a beta of 0.70.
In other United Financial Bancorp news, Director Carol A. Leary sold 25,517 shares of United Financial Bancorp stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $17.28, for a total transaction of $440,933.76. Following the transaction, the director now owns 58,899 shares of the company’s stock, valued at $1,017,774.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William Hw Iv Crawford sold 22,500 shares of United Financial Bancorp stock in a transaction that occurred on Monday, June 25th. The shares were sold at an average price of $17.97, for a total transaction of $404,325.00. Following the transaction, the chief executive officer now directly owns 164,054 shares in the company, valued at approximately $2,948,050.38. The disclosure for this sale can be found here. 3.37% of the stock is owned by insiders.
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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