LSV Asset Management lifted its holdings in shares of United Financial Bancorp, Inc. (NASDAQ:UBNK) by 15.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,061,712 shares of the bank’s stock after buying an additional 138,560 shares during the period. LSV Asset Management owned about 2.11% of United Financial Bancorp worth $17,719,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of UBNK. Russell Investments Group Ltd. raised its stake in shares of United Financial Bancorp by 207.1% during the 1st quarter. Russell Investments Group Ltd. now owns 288,862 shares of the bank’s stock worth $4,914,000 after buying an additional 194,809 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of United Financial Bancorp by 7.5% during the 1st quarter. Vanguard Group Inc. now owns 2,064,480 shares of the bank’s stock worth $35,116,000 after buying an additional 143,636 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of United Financial Bancorp by 10.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,432,612 shares of the bank’s stock worth $24,369,000 after buying an additional 135,373 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of United Financial Bancorp by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,361,445 shares of the bank’s stock worth $57,178,000 after buying an additional 127,272 shares in the last quarter. Finally, Boston Partners raised its stake in shares of United Financial Bancorp by 20.6% during the 2nd quarter. Boston Partners now owns 742,430 shares of the bank’s stock worth $12,391,000 after buying an additional 127,020 shares in the last quarter. 64.73% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on UBNK. BidaskClub raised United Financial Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. ValuEngine upgraded United Financial Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, May 31st. Finally, Piper Jaffray Companies restated a “hold” rating and issued 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 assigned a hold rating and two have issued a buy rating to the stock. United Financial Bancorp presently has an average rating of “Hold” and an average price target of $17.33.
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Shares of United Financial Bancorp, Inc. (UBNK) opened at 16.91 on Wednesday. The company has a 50 day moving average price of $17.40 and a 200-day moving average price of $17.16. The firm has a market cap of $849.41 million, a PE ratio of 14.59 and a beta of 0.65. United Financial Bancorp, Inc. has a 12-month low of $13.32 and a 12-month high of $18.66.
United Financial Bancorp (NASDAQ:UBNK) last announced its earnings results on Tuesday, July 18th. The bank reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.06. United Financial Bancorp had a return on equity of 8.83% and a net margin of 22.95%. The firm had revenue of $55.80 million for the quarter, compared to analysts’ expectations of $54.22 million. During the same quarter in the previous year, the company earned $0.20 earnings per share. Analysts expect that United Financial Bancorp, Inc. will post $1.18 EPS for the current year.
In related news, CEO William Hw Iv Crawford sold 17,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $18.14, for a total transaction of $308,380.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael A. Bars sold 2,350 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $18.18, for a total value of $42,723.00. Following the sale, the director now directly owns 64,821 shares in the company, valued at approximately $1,178,445.78. The disclosure for this sale can be found here. 3.39% of the stock is owned by insiders.
United Financial Bancorp 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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