Sterling Capital Management LLC lessened its position in United Financial Bancorp Inc (NASDAQ:UBNK) by 17.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 171,481 shares of the bank’s stock after selling 37,300 shares during the period. Sterling Capital Management LLC owned approximately 0.34% of United Financial Bancorp worth $3,136,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in UBNK. BNP Paribas Arbitrage SA boosted its position in shares of United Financial Bancorp by 1,702.4% during 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 during the last quarter. Sei Investments Co. boosted its position in shares of United Financial Bancorp by 71.5% during 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 during the last quarter. Mark Sheptoff Financial Planning LLC boosted its position in shares of United Financial Bancorp by 66.1% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 6,573 shares of the bank’s stock valued at $110,000 after buying an additional 2,615 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of United Financial Bancorp during the second quarter valued at approximately $169,000. Finally, Ameriprise Financial Inc. purchased a new position in shares of United Financial Bancorp during the second quarter valued at approximately $173,000. 64.59% of the stock is owned by hedge funds and other institutional investors.
United Financial Bancorp Inc (NASDAQ:UBNK) opened at $18.20 on Friday. The stock has a market capitalization of $903.62, a P/E ratio of 15.06 and a beta of 0.72. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 1.56. United Financial Bancorp Inc has a 1 year low of $15.75 and a 1 year high of $19.35.
United Financial Bancorp (NASDAQ:UBNK) last announced its earnings results on Tuesday, October 17th. The bank reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The company had revenue of $54.84 million for the quarter, compared to analysts’ expectations of $56.29 million. United Financial Bancorp had a return on equity of 8.87% and a net margin of 22.67%. During the same quarter in the previous year, the firm earned $0.28 earnings per share. research analysts forecast that United Financial Bancorp Inc will post 1.16 EPS for the current year.
In other United Financial Bancorp news, CEO William Hw Iv Crawford sold 6,500 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $18.41, for a total value of $119,665.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.49% of the stock is currently owned by insiders.
UBNK has been the topic of several analyst reports. Keefe, Bruyette & Woods reaffirmed 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 “buy” rating to a “hold” rating in a research report on Thursday, December 7th.
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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