Alliancebernstein L.P. decreased its holdings in United Financial Bancorp, Inc. (NASDAQ:UBNK) by 16.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 65,274 shares of the bank’s stock after selling 13,300 shares during the quarter. Alliancebernstein L.P. owned about 0.13% of United Financial Bancorp worth $1,089,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in UBNK. BNP Paribas Arbitrage SA raised 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 worth $100,000 after acquiring an additional 5,652 shares in the last quarter. Sei Investments Co. grew its holdings 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 purchasing an additional 2,579 shares during the last quarter. Mark Sheptoff Financial Planning LLC grew its holdings in United Financial Bancorp by 66.1% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 6,573 shares of the bank’s stock valued at $110,000 after purchasing an additional 2,615 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in United Financial Bancorp by 7.3% in the second quarter. Janney Montgomery Scott LLC now owns 11,988 shares of the bank’s stock valued at $200,000 after purchasing an additional 820 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in United Financial Bancorp by 3.2% in the second quarter. Legal & General Group Plc now owns 12,337 shares of the bank’s stock valued at $207,000 after purchasing an additional 385 shares during the last quarter. Hedge funds and other institutional investors own 64.52% of the company’s stock.
United Financial Bancorp, Inc. (UBNK) traded up $0.08 on Friday, hitting $17.48. The company had a trading volume of 120,000 shares, compared to its average volume of 122,739. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $884.81, a price-to-earnings ratio of 14.75 and a beta of 0.72. United Financial Bancorp, Inc. has a fifty-two week low of $15.29 and a fifty-two week high of $18.99.
United Financial Bancorp (NASDAQ:UBNK) last posted its quarterly earnings data on Tuesday, October 17th. The bank reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $54.84 million for the quarter, compared to analyst estimates 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 last year, the company earned $0.28 earnings per share. research analysts forecast that United Financial Bancorp, Inc. will post 1.16 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 8th. Investors of record on Friday, October 27th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend was Thursday, October 26th. United Financial Bancorp’s payout ratio is currently 40.68%.
UBNK has been the topic of several research reports. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $21.00 target price on shares of United Financial Bancorp in a report on Tuesday, October 3rd. BidaskClub raised United Financial Bancorp from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $17.00 price objective on shares of United Financial Bancorp in a research note on Friday, July 14th.
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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.
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