OxFORD Asset Management LLP Takes Position in United Financial Bancorp, Inc. (UBNK)

OxFORD Asset Management LLP bought a new stake in shares of United Financial Bancorp, Inc. (NASDAQ:UBNK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 26,101 shares of the bank’s stock, valued at approximately $436,000. OxFORD Asset Management LLP owned 0.05% of United Financial Bancorp as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Alps Advisors Inc. grew its position in shares of United Financial Bancorp by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 28,201 shares of the bank’s stock valued at $471,000 after acquiring an additional 73 shares during the period. Patriot Financial Group Insurance Agency LLC grew its position in shares of United Financial Bancorp by 1.4% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 25,520 shares of the bank’s stock valued at $430,000 after acquiring an additional 360 shares during the period. Legal & General Group Plc grew its position in shares of United Financial Bancorp by 3.2% during the 2nd quarter. Legal & General Group Plc now owns 12,337 shares of the bank’s stock valued at $207,000 after acquiring an additional 385 shares during the period. Mutual of America Capital Management LLC grew its position in shares of United Financial Bancorp by 0.8% during the 2nd quarter. Mutual of America Capital Management LLC now owns 53,668 shares of the bank’s stock valued at $896,000 after acquiring an additional 442 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in shares of United Financial Bancorp by 7.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 11,988 shares of the bank’s stock valued at $200,000 after acquiring an additional 820 shares during the period. Hedge funds and other institutional investors own 64.73% of the company’s stock.

In other United Financial Bancorp news, CEO William Hw Iv Crawford sold 17,000 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $18.14, for a total transaction of $308,380.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael A. Bars sold 2,350 shares of the company’s stock in a transaction dated 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 owns 64,821 shares in the company, valued at $1,178,445.78. The disclosure for this sale can be found here. Corporate insiders own 3.49% of the company’s stock.

Shares of United Financial Bancorp, Inc. (NASDAQ:UBNK) opened at 18.55 on Friday. The firm has a market capitalization of $932.38 million, a PE ratio of 15.73 and a beta of 0.66. United Financial Bancorp, Inc. has a 12-month low of $14.23 and a 12-month high of $18.99. The company has a 50-day moving average price of $17.73 and a 200 day moving average price of $17.31.

United Financial Bancorp (NASDAQ:UBNK) last issued its earnings results on Tuesday, October 17th. The bank reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. United Financial Bancorp had a net margin of 22.67% and a return on equity of 8.94%. The company had revenue of $54.84 million for the quarter, compared to analyst estimates of $56.29 million. During the same period in the prior year, the business posted $0.28 earnings per share. On average, equities analysts expect that United Financial Bancorp, Inc. will post $1.17 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Friday, October 27th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, October 26th. This represents a $0.48 annualized dividend and a yield of 2.59%. United Financial Bancorp’s payout ratio is currently 40.68%.

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods restated a “buy” rating and set a $21.00 target price on shares of United Financial Bancorp in a research report on Tuesday, October 3rd. BidaskClub cut United Financial Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $17.00 price objective on shares of United Financial Bancorp in a report on Friday, July 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. United Financial Bancorp currently has an average rating of “Hold” and an average target price of $17.67.

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Several other large investors have also bought and sold shares of the company. Alps Advisors Inc. grew its position in shares of United Financial Bancorp by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 28,201 shares of the bank’s stock valued at $471,000 after acquiring an additional 73 shares during the period. Patriot Financial Group Insurance Agency LLC grew its position in shares of United Financial Bancorp by 1.4% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 25,520 shares of the bank’s stock valued at $430,000 after acquiring an additional 360 shares during the period. Legal & General Group Plc grew its position in shares of United Financial Bancorp by 3.2% during the 2nd quarter. Legal & General Group Plc now owns 12,337 shares of the bank’s stock valued at $207,000 after acquiring an additional 385 shares during the period. Mutual of America Capital Management LLC grew its position in shares of United Financial Bancorp by 0.8% during the 2nd quarter. Mutual of America Capital Management LLC now owns 53,668 shares of the bank’s stock valued at $896,000 after acquiring an additional 442 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in shares of United Financial Bancorp by 7.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 11,988 shares of the bank’s stock valued at $200,000 after acquiring an additional 820 shares during the period. Hedge funds and other institutional investors own 64.73% of the company’s stock.

In other United Financial Bancorp news, CEO William Hw Iv Crawford sold 17,000 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $18.14, for a total transaction of $308,380.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael A. Bars sold 2,350 shares of the company’s stock in a transaction dated 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 owns 64,821 shares in the company, valued at $1,178,445.78. The disclosure for this sale can be found here. Corporate insiders own 3.49% of the company’s stock.

Shares of United Financial Bancorp, Inc. (NASDAQ:UBNK) opened at 18.55 on Friday. The firm has a market capitalization of $932.38 million, a PE ratio of 15.73 and a beta of 0.66. United Financial Bancorp, Inc. has a 12-month low of $14.23 and a 12-month high of $18.99. The company has a 50-day moving average price of $17.73 and a 200 day moving average price of $17.31.

United Financial Bancorp (NASDAQ:UBNK) last issued its earnings results on Tuesday, October 17th. The bank reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. United Financial Bancorp had a net margin of 22.67% and a return on equity of 8.94%. The company had revenue of $54.84 million for the quarter, compared to analyst estimates of $56.29 million. During the same period in the prior year, the business posted $0.28 earnings per share. On average, equities analysts expect that United Financial Bancorp, Inc. will post $1.17 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Friday, October 27th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, October 26th. This represents a $0.48 annualized dividend and a yield of 2.59%. United Financial Bancorp’s payout ratio is currently 40.68%.

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods restated a “buy” rating and set a $21.00 target price on shares of United Financial Bancorp in a research report on Tuesday, October 3rd. BidaskClub cut United Financial Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $17.00 price objective on shares of United Financial Bancorp in a report on Friday, July 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. United Financial Bancorp currently has an average rating of “Hold” and an average target price of $17.67.

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About United Financial Bancorp

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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Institutional Ownership by Quarter for United Financial Bancorp (NASDAQ:UBNK)

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