United Financial Bancorp’s (UBNK) Buy Rating Reiterated at Keefe, Bruyette & Woods
Keefe, Bruyette & Woods reiterated their buy rating on shares of United Financial Bancorp, Inc. (NASDAQ:UBNK) in a report released on Tuesday morning. They currently have a $21.00 price objective on the bank’s stock.
UBNK has been the topic of a number of other research reports. BidaskClub raised United Financial Bancorp from a sell rating to a hold rating in a report on Monday, July 24th. Piper Jaffray Companies reissued a hold rating and set a $17.00 price target on shares of United Financial Bancorp in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $17.67.
United Financial Bancorp (UBNK) opened at 18.46 on Tuesday. The firm has a market cap of $927.26 million, a PE ratio of 15.93 and a beta of 0.66. United Financial Bancorp has a one year low of $13.57 and a one year high of $18.66. The stock has a 50 day moving average price of $17.37 and a 200 day moving average price of $17.18.
United Financial Bancorp (NASDAQ:UBNK) last released its quarterly earnings results on Tuesday, July 18th. The bank reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.06. United Financial Bancorp had a return on equity of 8.83% and a net margin of 22.95%. The firm had revenue of $55.80 million for the quarter, compared to analyst estimates of $54.22 million. During the same quarter last year, the company posted $0.20 earnings per share. Equities research analysts expect that United Financial Bancorp will post $1.17 EPS for the current year.
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In other United Financial Bancorp news, CEO William Hw Iv Crawford sold 17,000 shares of United Financial Bancorp stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $18.14, for a total value of $308,380.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael A. Bars sold 2,350 shares of United Financial Bancorp stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $18.18, for a total value of $42,723.00. Following the completion of the sale, the director now directly owns 64,821 shares in the company, valued at approximately $1,178,445.78. The disclosure for this sale can be found here. Company insiders own 3.49% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in UBNK. Vanguard Group Inc. boosted its holdings in United Financial Bancorp by 7.5% in the 1st quarter. Vanguard Group Inc. now owns 2,064,480 shares of the bank’s stock valued at $35,116,000 after purchasing an additional 143,636 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in United Financial Bancorp by 4.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,502,288 shares of the bank’s stock valued at $58,454,000 after purchasing an additional 140,843 shares in the last quarter. LSV Asset Management boosted its holdings in United Financial Bancorp by 15.0% in the 2nd quarter. LSV Asset Management now owns 1,061,712 shares of the bank’s stock valued at $17,719,000 after purchasing an additional 138,560 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in United Financial Bancorp by 10.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,432,612 shares of the bank’s stock valued at $24,369,000 after purchasing an additional 135,373 shares in the last quarter. Finally, Boston Partners boosted its holdings in United Financial Bancorp by 20.6% in the 2nd quarter. Boston Partners now owns 742,430 shares of the bank’s stock valued at $12,391,000 after purchasing an additional 127,020 shares in the last quarter. 64.73% of the stock is currently owned by institutional investors.
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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