United Financial Bancorp (NASDAQ:UBNK) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Separately, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $21.00 price target on shares of United Financial Bancorp in a research report on Tuesday, October 3rd.

Shares of United Financial Bancorp (UBNK) opened at $17.94 on Thursday. The stock has a market cap of $932.61, a price-to-earnings ratio of 15.54 and a beta of 0.72. United Financial Bancorp has a 1 year low of $15.75 and a 1 year high of $19.35. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.02 and a current ratio of 1.03.

United Financial Bancorp (NASDAQ:UBNK) last released its quarterly earnings data on Tuesday, October 17th. The bank reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The business had revenue of $54.84 million during the quarter, compared to analysts’ expectations of $56.29 million. United Financial Bancorp had a net margin of 22.67% and a return on equity of 8.87%. During the same period in the previous year, the company earned $0.28 EPS. research analysts anticipate that United Financial Bancorp will post 1.16 earnings per share for the current year.

In other United Financial Bancorp news, CEO William Hw Iv Crawford sold 6,500 shares of United Financial Bancorp stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $18.41, for a total value of $119,665.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 3.49% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. California Public Employees Retirement System increased its stake in shares of United Financial Bancorp by 2.2% during the third quarter. California Public Employees Retirement System now owns 134,204 shares of the bank’s stock worth $2,455,000 after acquiring an additional 2,904 shares during the period. Cornerstone Capital Management Holdings LLC. increased its stake in shares of United Financial Bancorp by 82.4% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 18,600 shares of the bank’s stock worth $339,000 after acquiring an additional 8,400 shares during the period. Allianz Asset Management GmbH acquired a new position in shares of United Financial Bancorp during the third quarter worth about $960,000. Stifel Financial Corp acquired a new position in shares of United Financial Bancorp during the third quarter worth about $1,708,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of United Financial Bancorp by 4.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,642,263 shares of the bank’s stock worth $66,617,000 after acquiring an additional 139,975 shares during the period. Institutional investors and hedge funds own 64.59% of the company’s stock.

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About United Financial Bancorp

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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