Alliancebernstein L.P. reduced its stake in United Financial Bancorp, Inc. (NASDAQ:UBNK) by 1.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,574 shares of the bank’s stock after selling 1,200 shares during the period. Alliancebernstein L.P. owned 0.16% of United Financial Bancorp worth $1,337,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Trexquant Investment LP acquired a new position in United Financial Bancorp during the first quarter valued at $185,000. Janney Montgomery Scott LLC increased its position in United Financial Bancorp by 10.3% in the first quarter. Janney Montgomery Scott LLC now owns 11,168 shares of the bank’s stock valued at $190,000 after buying an additional 1,044 shares during the last quarter. Nine Chapters Capital Management LLC acquired a new position in United Financial Bancorp during the first quarter valued at $274,000. First Manhattan Co. acquired a new position in United Financial Bancorp during the first quarter valued at $362,000. Finally, Patriot Financial Group Insurance Agency LLC increased its position in United Financial Bancorp by 4.8% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 25,160 shares of the bank’s stock valued at $416,000 after buying an additional 1,155 shares during the last quarter. Hedge funds and other institutional investors own 64.54% of the company’s stock.
United Financial Bancorp, Inc. (NASDAQ:UBNK) opened at 18.15 on Thursday. The stock has a 50 day moving average of $17.15 and a 200-day moving average of $17.26. The company has a market capitalization of $911.44 million, a price-to-earnings ratio of 15.66 and a beta of 0.63. United Financial Bancorp, Inc. has a 52-week low of $13.01 and a 52-week high of $18.66.
United Financial Bancorp (NASDAQ:UBNK) last released its earnings results on Tuesday, July 18th. The bank reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.06. The company had revenue of $55.80 million during the quarter, compared to analyst estimates of $54.22 million. United Financial Bancorp had a net margin of 22.95% and a return on equity of 8.89%. During the same period in the prior year, the firm posted $0.20 EPS. On average, equities research analysts anticipate that United Financial Bancorp, Inc. will post $1.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 9th. Investors of record on Friday, July 28th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Wednesday, July 26th. United Financial Bancorp’s dividend payout ratio is 41.38%.
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UBNK has been the subject of several recent research reports. ValuEngine upgraded shares of United Financial Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, May 31st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $18.50 target price on shares of United Financial Bancorp in a research note on Wednesday, April 5th. BidaskClub upgraded shares of United Financial Bancorp from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $17.00 target price on shares of United Financial Bancorp in a research note on Friday, July 14th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $17.33.
United Financial Bancorp Company Profile
United Financial Bancorp, Inc is a bank holding company. The Company, through its subsidiary United Bank (the Bank) and various subsidiaries, delivers financial services to individuals, families and businesses in Connecticut and Massachusetts, including retail, commercial and consumer banking, as well as financial advisory services.
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