United Financial Bancorp Inc (UBNK) Receives $20.00 Consensus Target Price from Analysts
Shares of United Financial Bancorp Inc (NASDAQ:UBNK) have earned a consensus recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $20.00.
Several equities research analysts have weighed in on UBNK shares. BidaskClub upgraded shares of United Financial Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. Zacks Investment Research lowered shares of United Financial Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th.
In other news, CEO William Hw Iv Crawford sold 47,000 shares of the stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $14.84, for a total transaction of $697,480.00. Following the completion of the sale, the chief executive officer now owns 176,249 shares of the company’s stock, valued at $2,615,535.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.37% of the stock is owned by corporate insiders.
UBNK opened at $15.05 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $782.16 million, a price-to-earnings ratio of 13.44 and a beta of 0.81. United Financial Bancorp has a twelve month low of $13.58 and a twelve month high of $18.33.
United Financial Bancorp (NASDAQ:UBNK) last posted its earnings results on Tuesday, October 16th. The bank reported $0.32 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. The company had revenue of $57.98 million for the quarter, compared to analyst estimates of $57.50 million. United Financial Bancorp had a net margin of 19.27% and a return on equity of 8.52%. Research analysts predict that United Financial Bancorp will post 1.23 earnings per share for the current year.
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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