Deprince Race & Zollo Inc. decreased its stake in shares of United Financial Bancorp, Inc. (NASDAQ:UBNK) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 671,988 shares of the bank’s stock after selling 1,910 shares during the period. Deprince Race & Zollo Inc. owned 1.34% of United Financial Bancorp worth $11,215,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its position in United Financial Bancorp by 1,702.4% in the second quarter. BNP Paribas Arbitrage SA now owns 5,984 shares of the bank’s stock valued at $100,000 after buying an additional 5,652 shares in the last quarter. Sei Investments Co. boosted its position in United Financial Bancorp by 71.5% in the second quarter. Sei Investments Co. now owns 6,187 shares of the bank’s stock valued at $103,000 after buying an additional 2,579 shares in the last quarter. Trexquant Investment LP purchased a new position in United Financial Bancorp during the first quarter valued at $185,000. Janney Montgomery Scott LLC boosted 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 in the last quarter. Finally, ClariVest Asset Management LLC purchased a new position in United Financial Bancorp during the first quarter valued at $191,000. Institutional investors and hedge funds own 64.61% of the company’s stock.
United Financial Bancorp, Inc. (UBNK) opened at 16.86 on Friday. The firm’s 50-day moving average price is $17.50 and its 200 day moving average price is $17.27. United Financial Bancorp, Inc. has a 12-month low of $13.32 and a 12-month high of $18.66. The stock has a market cap of $846.89 million, a PE ratio of 14.55 and a beta of 0.65.
United Financial Bancorp (NASDAQ:UBNK) last posted its quarterly earnings results on Tuesday, July 18th. The bank reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. The business had revenue of $55.80 million during the quarter, compared to analyst estimates of $54.22 million. United Financial Bancorp had a return on equity of 8.83% and a net margin of 22.95%. During the same period in the prior year, the business earned $0.20 earnings per share. Analysts anticipate that United Financial Bancorp, Inc. will post $1.18 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 28th were given a $0.12 dividend. The ex-dividend date was Wednesday, July 26th. This represents a $0.48 annualized dividend and a yield of 2.85%. United Financial Bancorp’s payout ratio is 41.38%.
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UBNK has been the subject of several research analyst reports. ValuEngine upgraded United Financial Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, May 31st. BidaskClub upgraded United Financial Bancorp from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $17.00 price target on shares of United Financial Bancorp in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. United Financial Bancorp has an average rating of “Hold” and an average target price of $17.33.
In other United Financial Bancorp news, Director Michael A. Bars sold 2,350 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $18.18, for a total transaction of $42,723.00. Following the transaction, the director now directly owns 64,821 shares in the company, valued at $1,178,445.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William Hw Iv Crawford sold 17,000 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $18.14, for a total value of $308,380.00. The disclosure for this sale can be found here. Corporate insiders own 3.49% of the company’s stock.
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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