Wells Fargo & Company MN raised its holdings in United Financial Bancorp Inc (NASDAQ:UBNK) by 106.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,869 shares of the bank’s stock after buying an additional 44,883 shares during the period. Wells Fargo & Company MN owned about 0.17% of United Financial Bancorp worth $1,589,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its stake 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 worth $100,000 after purchasing an additional 5,652 shares during the period. Cornerstone Capital Management Holdings LLC. bought a new position in shares of United Financial Bancorp during the second quarter worth approximately $169,000. Ameriprise Financial Inc. bought a new position in shares of United Financial Bancorp during the second quarter worth approximately $173,000. Legal & General Group Plc increased its stake in shares of United Financial Bancorp by 3.2% during the second quarter. Legal & General Group Plc now owns 12,337 shares of the bank’s stock worth $207,000 after purchasing an additional 385 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of United Financial Bancorp during the third quarter worth approximately $217,000. Hedge funds and other institutional investors own 64.58% of the company’s stock.
A number of equities analysts have recently weighed in on UBNK shares. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $21.00 target price on shares of United Financial Bancorp in a research note on Tuesday, October 3rd. BidaskClub lowered United Financial Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th.
In related news, EVP Brandon Craig Lorey sold 20,000 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $18.26, for a total transaction of $365,200.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO William Hw Iv Crawford sold 6,500 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $18.41, for a total value of $119,665.00. The disclosure for this sale can be found here. Corporate insiders own 3.49% of the company’s stock.
United Financial Bancorp Inc (UBNK) opened at $18.11 on Friday. The firm has a market capitalization of $907.69, a P/E ratio of 15.35 and a beta of 0.72. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.02 and a current ratio of 1.03. United Financial Bancorp Inc has a 52 week low of $15.75 and a 52 week 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 for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. The company 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 expect that United Financial Bancorp Inc will post 1.16 EPS for the current year.
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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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