Price Action Report: United Financial Bancorp Inc Can’t Burn Your Long Portfolio. Just Reaches Record High

Price Action Report: United Financial Bancorp Inc Can't Burn Your Long Portfolio. Just Reaches Record High

The stock of United Financial Bancorp Inc (NASDAQ:UBNK) reached all time high today, Nov, 10 and still has $21.74 target or 39.00% above today’s $15.64 share price. This indicates more upside for the $823.17M company. This technical setup was reported by Barchart.com. If the $21.74 PT is reached, the company will be worth $321.04M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 99,582 shares traded hands or 6.13% up from the average. United Financial Bancorp Inc (NASDAQ:UBNK) has risen 23.71% since April 8, 2016 and is uptrending. It has outperformed by 18.07% the S&P500.

United Financial Bancorp Inc (NASDAQ:UBNK) Ratings Coverage

Out of 3 analysts covering United Financial (NASDAQ:UBNK), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. United Financial has been the topic of 5 analyst reports since November 16, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, October 20 by Hovde Group. Piper Jaffray downgraded the shares of UBNK in a report on Thursday, April 21 to “Neutral” rating. Hovde Group initiated it with “Outperform” rating and $15 target price in Monday, November 16 report. On Thursday, January 28 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Piper Jaffray upgraded the shares of UBNK in a report on Tuesday, January 19 to “Overweight” rating.

According to Zacks Investment Research, “United Financial Bancorp, Inc. is the holding company for United Bank, a full service financial services firm offering a complete line of commercial, business, and consumer banking products and services. The Company is primarily engaged in the business of directing, planning, and coordinating the business activities of the Bank. United Financial Bancorp, Inc. is based in Connecticut.”

Insitutional Activity: The institutional sentiment decreased to 1.24 in Q2 2016. Its down 0.09, from 1.33 in 2016Q1. The ratio dropped, as 3 funds sold all United Financial Bancorp Inc shares owned while 39 reduced positions. 10 funds bought stakes while 42 increased positions. They now own 30.32 million shares or 0.13% more from 30.28 million shares in 2016Q1.
Northern Corp has 1.31M shares for 0.01% of their US portfolio. The New York-based Alliancebernstein Limited Partnership has invested 0% in United Financial Bancorp Inc (NASDAQ:UBNK). Massmutual Trust Fsb Adv holds 0% of its portfolio in United Financial Bancorp Inc (NASDAQ:UBNK) for 2,803 shares. First Republic Investment Mngmt Inc, a California-based fund reported 72,641 shares. Legal General Grp Incorporated Public Ltd Llc holds 0% or 7,333 shares in its portfolio. Brandes Inv Partners Ltd Partnership, a California-based fund reported 46,916 shares. The New York-based Goldman Sachs Group has invested 0% in United Financial Bancorp Inc (NASDAQ:UBNK). Voya Mngmt Ltd Liability Co has 0% invested in the company for 34,216 shares. Wellington Mngmt Gp Ltd Liability Partnership has 0% invested in the company for 51,600 shares. Investment Counselors Of Maryland Llc has 830,318 shares for 0.59% of their US portfolio. The New York-based Allsquare Wealth Lc has invested 0% in United Financial Bancorp Inc (NASDAQ:UBNK). Great West Life Assurance Can accumulated 0% or 10,276 shares. Zebra Cap Limited Com owns 41,618 shares or 0.19% of their US portfolio. The California-based Aperio Group Ltd Company has invested 0% in United Financial Bancorp Inc (NASDAQ:UBNK). Highlander Capital Lc holds 0.1% of its portfolio in United Financial Bancorp Inc (NASDAQ:UBNK) for 8,300 shares.

Another recent and important United Financial Bancorp Inc (NASDAQ:UBNK) news was published by Prnewswire.com which published an article titled: “United Financial Bancorp, Inc. (UBNK) Announces Dates for Q3 2016 Earnings …” on October 03, 2016.

UBNK Company Profile

United Financial Bancorp, Inc., incorporated on October 13, 2010, is a bank holding company. The Company, through its subsidiary United Bank (the Bank), delivers financial services to individuals, families and businesses in Connecticut and Massachusetts, including retail, commercial and consumer banking, as well as financial advisory services. The Company’s activities include the delivery of loan and deposit products to customers. Personal and business banking clients also bank with the Company online through its Website at www.bankatunited.com, as well as its mobile and telephone banking channels.

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