United Financial Bancorp (NASDAQ:UBNK) Stock Rating Lowered by TheStreet

TheStreet downgraded shares of United Financial Bancorp (NASDAQ:UBNK) from a b- rating to a c rating in a report issued on Wednesday morning, TheStreetRatingsTable reports.

UBNK has been the subject of a number of other research reports. Sandler O’Neill upgraded shares of United Financial Bancorp from a hold rating to a buy rating and increased their price target for the company from $15.00 to $16.50 in a report on Wednesday. ValuEngine downgraded shares of Acceleron Pharma from a strong-buy rating to a buy rating in a report on Thursday, April 18th. Zacks Investment Research cut shares of CGI from a buy rating to a hold rating in a research note on Wednesday, June 19th. Finally, BidaskClub raised shares of Xilinx from a hold rating to a buy rating in a research note on Saturday, June 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. United Financial Bancorp has a consensus rating of Hold and a consensus price target of $18.25.

Shares of UBNK opened at $14.11 on Wednesday. The company has a 50-day moving average of $13.73. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $728.58 million, a P/E ratio of 12.06 and a beta of 0.70. United Financial Bancorp has a 52-week low of $12.82 and a 52-week high of $18.20.

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

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

A number of hedge funds and other institutional investors have recently modified their holdings of UBNK. Commonwealth Equity Services LLC lifted its holdings in United Financial Bancorp by 5.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 54,002 shares of the bank’s stock worth $765,000 after purchasing an additional 2,908 shares during the last quarter. Hennessy Advisors Inc. raised its holdings in United Financial Bancorp by 25.0% in the 2nd quarter. Hennessy Advisors Inc. now owns 275,000 shares of the bank’s stock valued at $3,900,000 after acquiring an additional 55,000 shares in the last quarter. GYL Financial Synergies LLC acquired a new position in United Financial Bancorp in the 1st quarter valued at $344,000. Castine Capital Management LLC raised its holdings in United Financial Bancorp by 79.3% in the 1st quarter. Castine Capital Management LLC now owns 1,746,000 shares of the bank’s stock valued at $25,055,000 after acquiring an additional 772,038 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in United Financial Bancorp by 219.9% in the 1st quarter. Acadian Asset Management LLC now owns 168,156 shares of the bank’s stock valued at $2,412,000 after acquiring an additional 115,590 shares in the last quarter. 68.10% of the stock is currently owned by hedge funds and other institutional investors.

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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