United Financial Bancorp Inc (UBNK) is Downgraded by Hovde Group to Market Perform, Price Target at $14

United Financial Bancorp Inc (UBNK) was Downgraded by Hovde Group to ” Market Perform” and the brokerage firm has set the Price Target at $14. Earlier the firm had a rating of “Outperform ” on the company shares. Hovde Group advised their investors in a research report released on Jul 20, 2016.

On the company’s financial health, United Financial Bancorp Inc reported $0.20 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Jul 19, 2016. Analyst had a consensus of $0.25. The company had revenue of $48.03 million for the quarter, compared to analysts expectations of $51.32 million. The company’s revenue was down -4.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.

United Financial Bancorp Inc closed down -0.02 points or -0.15% at $13.47 with 59,536 shares getting traded on Monday. Post opening the session at $13.49, the shares hit an intraday low of $13.45 and an intraday high of $13.57 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jun 14, 2016, Robert A Jr Stewart (director) sold 23,660 shares at $13.28 per share price. According to the SEC, on Jun 10, 2016, Michael A Bars (director) sold 6,775 shares at $13.44 per share price. On Feb 1, 2016, Mark F Doyle (SVP United Bank) purchased 1,500 shares at $11.09 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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