I am from western MA. and I can tell you from experience that this one my be an investment you should pass on. They are a great bank to have a relationship with but from what I know as fact, there is a certain loan officer in the westspringfield location that is not very trustworthy and holding bad paper and protecting it. I think its about who you know in this town. So be carefull, If you got in for the insiders price of 10 sell and make 15% and call it a day. I think we see this one at 7 before the end of the year. Do your own d&d, this is JMHO
Hey, quickbuck. Say, what??? What do you mean holding bad paper? Personally, or tied to the bank? And how do you say you're from WMass but your profile says NY? And why should I believe a poster who can't even spell "careful?" While this issue may drift lower on VERY THIN volume, there is NO REASON in the world for it to drop to $7 as you predict. There are much shakier publicly-traded banks that don't seem to go below $9.50. UBNK is well-run, profitable and growing. A good takeover prospect as well; I believe that is how management is positioning United. Long term, I think this will be a very good investment. Short term; who knows?