United Financial Bancorp (UBNK) Misses Q4 EPS by 3c

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Piper Jaffray Cuts Price Target on United Financial Bancorp (UBNK) Due to Higher Expenses

January 28, 2016 9:42 AM EST

Piper Jaffray maintained an Overweight rating on United Financial (NASDAQ: UBNK), and cut the price target to $12.50 (from $13.50), following the company's 4Q earnings report. The company reported a 4Q miss ($0.23 EPS), and announced the acquisition of a marine portfolio, and hiring of a 13 person team to grow the business. 2017 EPS estimates... More