United Financial Bancorp (UBNK) Stock Rating Lowered by ValuEngine

Share on StockTwits

ValuEngine downgraded shares of United Financial Bancorp (NASDAQ:UBNK) from a hold rating to a sell rating in a research report released on Thursday, ValuEngine reports.

UBNK has been the topic of a number of other research reports. Zacks Investment Research lowered shares of United Financial Bancorp from a hold rating to a strong sell rating in a research note on Saturday, January 26th. BidaskClub lowered shares of United Financial Bancorp from a hold rating to a sell rating in a research note on Tuesday, March 5th. Finally, Sandler O’Neill lowered shares of United Financial Bancorp from a buy rating to a hold rating in a research note on Wednesday, April 17th.

Shares of United Financial Bancorp stock opened at $13.35 on Thursday. The stock has a market capitalization of $682.56 million, a PE ratio of 11.41 and a beta of 0.75. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 1.27. United Financial Bancorp has a 1 year low of $13.19 and a 1 year high of $18.33.

United Financial Bancorp (NASDAQ:UBNK) last issued its earnings results on Tuesday, April 16th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.03). The company had revenue of $55.92 million during the quarter, compared to analyst estimates of $56.60 million. United Financial Bancorp had a net margin of 17.79% and a return on equity of 7.90%. Sell-side analysts forecast that United Financial Bancorp will post 1.02 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, April 26th will be paid a $0.12 dividend. The ex-dividend date is Thursday, April 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.60%. United Financial Bancorp’s dividend payout ratio (DPR) is presently 41.03%.

In related news, Director Kevin E. Ross sold 5,636 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $15.59, for a total transaction of $87,865.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Brandon Craig Lorey sold 14,137 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $16.11, for a total transaction of $227,747.07. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,313 shares of company stock worth $388,843. Company insiders own 3.04% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Teton Advisors Inc. grew its position in shares of United Financial Bancorp by 5.3% during the 4th quarter. Teton Advisors Inc. now owns 205,900 shares of the bank’s stock valued at $3,027,000 after buying an additional 10,300 shares during the last quarter. FMR LLC bought a new stake in shares of United Financial Bancorp during the 3rd quarter valued at about $304,000. Bank of New York Mellon Corp grew its position in shares of United Financial Bancorp by 1.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 364,904 shares of the bank’s stock valued at $6,141,000 after buying an additional 4,292 shares during the last quarter. Vanguard Group Inc grew its position in shares of United Financial Bancorp by 2.3% during the 3rd quarter. Vanguard Group Inc now owns 2,327,132 shares of the bank’s stock valued at $39,165,000 after buying an additional 52,841 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in shares of United Financial Bancorp by 9.8% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 45,294 shares of the bank’s stock valued at $666,000 after buying an additional 4,036 shares during the last quarter. 69.42% of the stock is owned by institutional investors and hedge funds.

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.

Featured Story: Technical Analysis of Stocks, How Can It Help

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for United Financial Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Financial Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.