United Financial Bancorp (NASDAQ:UBNK) Upgraded at Sandler O’Neill

Sandler O’Neill upgraded shares of United Financial Bancorp (NASDAQ:UBNK) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning, Benzinga reports. Sandler O’Neill currently has $16.50 target price on the bank’s stock, up from their prior target price of $15.00.

Several other equities research analysts have also issued reports on the company. BidaskClub raised Xilinx from a hold rating to a buy rating in a research report on Saturday, June 29th. Zacks Investment Research lowered CGI from a buy rating to a hold rating in a research report on Wednesday, June 19th. Finally, ValuEngine lowered Acceleron Pharma from a strong-buy rating to a buy rating in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $18.25.

Shares of United Financial Bancorp stock opened at $14.11 on Wednesday. United Financial Bancorp has a 1 year low of $12.82 and a 1 year high of $18.20. The stock has a market cap of $728.58 million, a price-to-earnings ratio of 12.06 and a beta of 0.70. The company’s fifty day simple moving average is $13.73. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24.



United Financial Bancorp (NASDAQ:UBNK) last announced its earnings results on Tuesday, July 16th. The bank reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). United Financial Bancorp had a net margin of 11.92% and a return on equity of 7.30%. The business had revenue of $47.85 million for the quarter, compared to analysts’ expectations of $55.90 million. As a group, equities analysts forecast that United Financial Bancorp will post 1.02 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Friday, July 26th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, July 25th. This represents a $0.48 annualized dividend and a dividend yield of 3.40%. United Financial Bancorp’s payout ratio is 41.03%.

Several hedge funds have recently bought and sold shares of UBNK. Legal & General Group Plc grew its stake in shares of United Financial Bancorp by 9.8% during the 4th quarter. Legal & General Group Plc now owns 9,041 shares of the bank’s stock worth $133,000 after acquiring an additional 809 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of United Financial Bancorp by 295.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 10,559 shares of the bank’s stock worth $152,000 after acquiring an additional 7,891 shares during the period. Financial Gravity Wealth Inc. bought a new position in shares of United Financial Bancorp during the 1st quarter worth $180,000. SG Americas Securities LLC bought a new position in shares of United Financial Bancorp during the 1st quarter worth $195,000. Finally, Stone Ridge Asset Management LLC bought a new position in shares of United Financial Bancorp during the 4th quarter worth $210,000. Institutional investors own 68.10% of the company’s stock.

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 and non-interest-bearing checking, regular savings, money market savings, and time deposits.

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