United Financial Bancorp Inc (UBNK) is Downgraded by Piper Jaffray to Neutral

United Financial Bancorp Inc (UBNK) was Downgraded by Piper Jaffray to ” Neutral”. Earlier the firm had a rating of “Overweight ” on the company shares. Piper Jaffray advised their investors in a research report released on Apr 21, 2016.

Many Wall Street Analysts have commented on United Financial Bancorp Inc. Shares were Reiterated by RBC Capital Mkts on Jan 28, 2016 to “Sector Perform” and Lowered the Price Target to $ 12 from a previous price target of $14 .

United Financial Bancorp Inc (UBNK) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $12.86 and reached the intraday high at $12.95. The bulls started the profit booking and pushed the shares to intraday low of $12.82. The trading session was marked by a volume range of 84,227 shares exchanging hands. The 52-week high of the shares is $14.16 and the 52-week low is $10.28. The market cap of the company stands at $642 M and there are 4,99,69,878 shares in public circulation.

In a different news, on Feb 1, 2016, Mark F Doyle (SVP United Bank) purchased 1,500 shares at $11.09 per share price. According to the SEC, on Feb 1, 2016, Eric R Newell (CFO) purchased 2,000 shares at $11.15 per share price. On Dec 28, 2015, Robert A Jr Stewart (director) purchased 100 shares at $13.36 per share price, according to the Form-4 filing with the securities and exchange commission.

United Financial Bancorp Inc. (United) formerly Rockville Financial Inc. is a bank holding company. The Company through United Bank delivers financial services to individuals families and businesses throughout Connecticut and central and western Massachusetts through 56 banking offices its commercial loan and mortgage loan production offices 67 automated teller machines (ATMs) telephone banking mobile banking and its Internet Website www.bankatunited.com. In addition to the Merger the Company operates two branch locations in North Haven Connecticut and East Hartford Connecticut. It operates in suburban market areas. Its retail banking and lending offices are located in Connecticut throughout Hartford New Haven New London and Tolland Counties and in Massachusetts in West Springfield Greater Springfield and Worcester regions.

United Financial Bancorp Inc

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