Sterling Capital Management LLC Raises Stake in United Financial Bancorp Inc (UBNK)

Sterling Capital Management LLC lifted its holdings in shares of United Financial Bancorp Inc (NASDAQ:UBNK) by 9.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 188,306 shares of the bank’s stock after purchasing an additional 16,825 shares during the quarter. Sterling Capital Management LLC owned about 0.37% of United Financial Bancorp worth $3,322,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of UBNK. Renaissance Technologies LLC lifted its position in shares of United Financial Bancorp by 9.9% during the fourth quarter. Renaissance Technologies LLC now owns 1,621,912 shares of the bank’s stock worth $28,611,000 after purchasing an additional 146,300 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of United Financial Bancorp by 4.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,642,263 shares of the bank’s stock worth $66,617,000 after purchasing an additional 139,975 shares in the last quarter. Deutsche Bank AG lifted its position in shares of United Financial Bancorp by 126.8% during the fourth quarter. Deutsche Bank AG now owns 212,846 shares of the bank’s stock worth $3,753,000 after purchasing an additional 118,988 shares in the last quarter. Systematic Financial Management LP lifted its position in shares of United Financial Bancorp by 9.2% during the fourth quarter. Systematic Financial Management LP now owns 1,243,574 shares of the bank’s stock worth $21,937,000 after purchasing an additional 105,014 shares in the last quarter. Finally, Stifel Financial Corp acquired a new stake in shares of United Financial Bancorp during the third quarter worth about $1,708,000. 66.05% of the stock is currently owned by institutional investors and hedge funds.

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Several analysts have recently issued reports on the stock. BidaskClub raised shares of United Financial Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, February 10th. Keefe, Bruyette & Woods cut shares of United Financial Bancorp from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 7th. Hovde Group reissued a “hold” rating on shares of United Financial Bancorp in a research report on Friday, January 26th. Finally, Sandler O’Neill set a $20.00 price target on shares of United Financial Bancorp and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $19.33.

In related news, EVP Mark A. Kucia sold 6,583 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $16.04, for a total value of $105,591.32. Following the sale, the executive vice president now owns 68,964 shares of the company’s stock, valued at $1,106,182.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.49% of the stock is owned by company insiders.

Shares of UBNK stock opened at $15.88 on Friday. The firm has a market cap of $827.82, a P/E ratio of 14.37 and a beta of 0.69. United Financial Bancorp Inc has a 1-year low of $15.47 and a 1-year high of $19.35. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 1.69.

United Financial Bancorp (NASDAQ:UBNK) last issued its earnings results on Tuesday, January 23rd. The bank reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.05). The firm had revenue of $54.20 million during the quarter. United Financial Bancorp had a net margin of 20.25% and a return on equity of 8.41%.

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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.

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

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