Kennedy Capital Management Inc. boosted its stake in shares of United Financial Bancorp (NASDAQ:UBNK) by 52.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 134,405 shares of the bank’s stock after buying an additional 46,223 shares during the quarter. Kennedy Capital Management Inc. owned 0.26% of United Financial Bancorp worth $2,371,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of UBNK. Ameriprise Financial Inc. purchased a new stake in shares of United Financial Bancorp in the second quarter valued at about $173,000. SG Americas Securities LLC purchased a new stake in shares of United Financial Bancorp in the third quarter valued at about $217,000. Genesee Valley Trust Co. purchased a new stake in shares of United Financial Bancorp in the fourth quarter valued at about $226,000. Bailard Inc. purchased a new stake in shares of United Financial Bancorp in the fourth quarter valued at about $265,000. Finally, Harbor Advisory Corp MA purchased a new stake in shares of United Financial Bancorp in the fourth quarter valued at about $268,000. Institutional investors own 66.12% of the company’s stock.
In related news, EVP Mark A. Kucia sold 6,583 shares of the company’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 transaction of $105,591.32. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.49% of the company’s stock.
Shares of UBNK traded down $0.24 on Friday, hitting $16.32. 145,576 shares of the stock traded hands, compared to its average volume of 153,101. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.03 and a current ratio of 1.05. The company has a market capitalization of $842.09, a price-to-earnings ratio of 14.57 and a beta of 0.66. United Financial Bancorp has a 1 year low of $15.47 and a 1 year high of $19.35.
United Financial Bancorp (NASDAQ:UBNK) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.05). The firm had revenue of $54.20 million for the quarter. United Financial Bancorp had a net margin of 20.25% and a return on equity of 8.41%. equities analysts expect that United Financial Bancorp will post 1.2 EPS for the current fiscal year.
Several analysts have issued reports on the stock. BidaskClub downgraded shares of United Financial Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Sandler O’Neill set a $20.00 price objective on shares of United Financial Bancorp and gave the company a “buy” rating in a research note on Wednesday, January 24th. Hovde Group reissued a “hold” rating on shares of United Financial Bancorp in a research note on Friday, January 26th. Finally, Keefe, Bruyette & Woods downgraded shares of United Financial Bancorp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 7th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $19.33.
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United Financial Bancorp Company Profile
United Financial Bancorp, Inc operates as the holding company for United Bank that provides retail, commercial, and consumer banking services to individuals, families, and businesses. The company accepts various deposits, such as interest-bearing checking, non-interest-bearing checking, regular savings, money market savings, and time deposits.
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