A number of other brokerages have also commented on UBNK. TheStreet lowered United Financial Bancorp from a b- rating to a c rating in a research note on Wednesday, July 17th. ValuEngine raised United Financial Bancorp from a sell rating to a hold rating in a research note on Wednesday. Zacks Investment Research raised United Financial Bancorp from a sell rating to a hold rating in a research note on Wednesday, June 19th. Finally, Sandler O’Neill raised United Financial Bancorp from a hold rating to a buy rating and lifted their price target for the company from $15.00 to $16.50 in a research note on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. United Financial Bancorp currently has an average rating of Hold and a consensus price target of $16.50.
NASDAQ:UBNK traded up $0.22 during trading hours on Thursday, hitting $14.24. The company’s stock had a trading volume of 26,620 shares, compared to its average volume of 290,024. The stock has a fifty day simple moving average of $13.06 and a 200-day simple moving average of $13.80. The company has a market capitalization of $696.61 million, a P/E ratio of 12.17 and a beta of 0.75. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.02 and a quick ratio of 1.01. United Financial Bancorp has a twelve month low of $12.01 and a twelve month high of $17.56.
In other news, EVP Brandon Craig Lorey sold 40,626 shares of United Financial Bancorp stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $14.35, for a total transaction of $582,983.10. Following the sale, the executive vice president now directly owns 29,408 shares of the company’s stock, valued at $422,004.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William Hw Iv Crawford sold 15,000 shares of United Financial Bancorp stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $14.34, for a total value of $215,100.00. The disclosure for this sale can be found here. Insiders have sold 72,806 shares of company stock worth $1,041,670 over the last three months. Insiders own 3.04% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Bank of Montreal Can acquired a new position in shares of United Financial Bancorp in the second quarter worth approximately $61,000. BNP Paribas Arbitrage SA increased its holdings in shares of United Financial Bancorp by 295.8% during the first quarter. BNP Paribas Arbitrage SA now owns 10,559 shares of the bank’s stock valued at $152,000 after acquiring an additional 7,891 shares in the last quarter. SG Americas Securities LLC bought a new stake in United Financial Bancorp during the first quarter worth $195,000. Susquehanna International Group LLP bought a new stake in United Financial Bancorp during the second quarter worth $248,000. Finally, Stone Ridge Asset Management LLC purchased a new position in United Financial Bancorp in the second quarter worth $275,000. 68.86% of the stock is currently owned by hedge funds and other institutional investors.
United Financial Bancorp Company Profile
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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