United Financial Bancorp (NASDAQ:UBNK) posted its earnings results on Tuesday. The bank reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.02), Morningstar.com reports. United Financial Bancorp had a net margin of 17.79% and a return on equity of 7.86%.
Shares of NASDAQ:UBNK opened at $14.05 on Wednesday. United Financial Bancorp has a 12 month low of $12.82 and a 12 month high of $18.20. The company has a market capitalization of $716.83 million, a P/E ratio of 12.01 and a beta of 0.70. The company’s 50-day moving average price is $13.67. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24.
A number of research analysts have recently commented on the company. Sandler O’Neill cut United Financial Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th. BidaskClub upgraded Xilinx from a “hold” rating to a “buy” rating in a research note on Saturday, June 29th. Zacks Investment Research downgraded CGI from a “buy” rating to a “hold” rating in a research note on Wednesday, June 19th. Finally, ValuEngine cut shares of Acceleron Pharma from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th.
A number of institutional investors and hedge funds have recently made changes to their positions in UBNK. Castine Capital Management LLC raised its position in United Financial Bancorp by 79.3% in the first quarter. Castine Capital Management LLC now owns 1,746,000 shares of the bank’s stock worth $25,055,000 after acquiring an additional 772,038 shares during the period. BlackRock Inc. boosted its stake in shares of United Financial Bancorp by 3.6% during the 4th quarter. BlackRock Inc. now owns 3,984,825 shares of the bank’s stock worth $58,577,000 after purchasing an additional 139,023 shares during the period. Acadian Asset Management LLC boosted its stake in shares of United Financial Bancorp by 219.9% during the 1st quarter. Acadian Asset Management LLC now owns 168,156 shares of the bank’s stock worth $2,412,000 after purchasing an additional 115,590 shares during the period. IndexIQ Advisors LLC bought a new stake in United Financial Bancorp during the 1st quarter valued at about $1,577,000. Finally, Municipal Employees Retirement System of Michigan bought a new stake in United Financial Bancorp during the 4th quarter valued at about $914,000. Institutional investors and hedge funds own 68.10% of the company’s stock.
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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