United Financial Bancorp's (UBNK) Hold Rating Reaffirmed at Piper Jaffray Companies

Xavier Trudeau
Août 13, 2017

Following the end of the company's quiet period, it's expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company. Bronfman E.L. Rothschild L.P. now owns 4,439 shares of the bank's stock worth $122,000 after buying an additional 122 shares in the last quarter. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Dimensional Fund Advisors LP increased its position in shares of First Financial Bancorp.by 1.5% in the second quarter. Janney Montgomery Scott LLC now owns 11,168 shares of the bank's stock worth $190,000 after buying an additional 1,044 shares during the period. OxFORD Asset Management LLP purchased a new position in BYLINE BANCORP during the second quarter valued at approximately $1,347,000. Following the transaction, the director now owns 362,829 shares in the company, valued at approximately $2,271,309.54.

Shares of The Bancorp (NASDAQ:TBBK) traded down 1.08% during trading on Friday, reaching $7.36. SG Americas Securities LLC now owns 6,492 shares of the bank's stock worth $178,000 after buying an additional 922 shares during the last quarter. Bank of New York Mellon Corp raised its stake in The Bancorp by 8.6% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 6,573 shares of the bank's stock worth $110,000 after buying an additional 2,615 shares during the last quarter.

Headlines about First South Bancorp (NASDAQ:FSBK) have trended somewhat positive this week, Accern Sentiment Analysis reports. (FFBC) traded down 2.02% during midday trading on Tuesday, hitting $24.30. The company has a market cap of $851.92 million, a P/E ratio of 14.63 and a beta of 0.65. United Financial Bancorp has a 52-week low of $13.30 and a 52-week high of $18.66. The stock has a 50 day moving average price of $26.93 and a 200 day moving average price of $27.18.

First Financial Bancorp. had a return on equity of 10.65% and a net margin of 24.28%. (NASDAQ:FFBC) last issued its earnings results on Tuesday, July 25th. The bank reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.07 by $0.04. First Financial Bancorp. The firm had revenue of $85.97 million during the quarter, compared to the consensus estimate of $89.52 million. During the same period in the previous year, the company posted $0.20 EPS. Equities research analysts anticipate that First Financial Bancorp. will post $1.52 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Friday, September 1st will be paid a $0.17 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Wednesday, July 26th. First South Bancorp's dividend payout ratio is presently 16.87%.

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United Financial Bancorp, Inc is a bank holding company.

A number of research analysts have recently commented on FFBC shares. ValuEngine raised United Financial Bancorp from a "hold" rating to a "buy" rating in a research report on Wednesday, May 31st. Raymond James Financial, Inc. upgraded shares of The Bancorp from a market perform rating to an outperform rating in a research note on Monday, July 31st. Piper Jaffray Companies set a $28.00 price target on shares of First Financial Bancorp. and gave the stock a "hold" rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded shares of The Bancorp from a hold rating to a buy rating and set a $8.75 price target on the stock in a research note on Wednesday, August 2nd. Finally, TheStreet upgraded The Bancorp from a "d+" rating to a "c-" rating in a research report on Tuesday, June 27th. The shares were sold at an average price of $25.69, for a total transaction of $1,027,600.00. Following the completion of the transaction, the insider now directly owns 74,170 shares of the company's stock, valued at $1,905,427.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

The Company, through its subsidiary United Bank (the Bank) and various subsidiaries, delivers financial services to individuals, families and businesses in CT and MA, including retail, commercial and consumer banking, as well as financial advisory services. First Financial is engaged in the business of commercial banking and other banking and banking-related activities through its subsidiary, First Financial Bank, National Association (the Bank). The Company, through its subsidiary United Bank (the Bank) and various subsidiaries, delivers financial services to individuals, families and businesses in CT and MA, including retail, commercial and consumer banking, as well as financial advisory services.

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