Millennium Management LLC raised its position in United Financial Bancorp (NASDAQ:UBNK) by 12.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 606,656 shares of the bank’s stock after acquiring an additional 68,631 shares during the quarter. Millennium Management LLC’s holdings in United Financial Bancorp were worth $10,701,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the business. BlackRock Inc. grew its position in United Financial Bancorp by 1.3% in the fourth quarter. BlackRock Inc. now owns 3,671,006 shares of the bank’s stock valued at $64,756,000 after acquiring an additional 46,402 shares in the last quarter. Dimensional Fund Advisors LP grew its position in United Financial Bancorp by 4.0% in the third quarter. Dimensional Fund Advisors LP now owns 3,642,263 shares of the bank’s stock valued at $66,617,000 after acquiring an additional 139,975 shares in the last quarter. Renaissance Technologies LLC grew its position in United Financial Bancorp by 9.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,621,912 shares of the bank’s stock valued at $28,611,000 after acquiring an additional 146,300 shares in the last quarter. Systematic Financial Management LP grew its position in United Financial Bancorp by 9.2% in the fourth quarter. Systematic Financial Management LP now owns 1,243,574 shares of the bank’s stock valued at $21,937,000 after acquiring an additional 105,014 shares in the last quarter. Finally, Banc Funds Co. LLC grew its position in United Financial Bancorp by 1.7% in the fourth quarter. Banc Funds Co. LLC now owns 615,286 shares of the bank’s stock valued at $10,854,000 after acquiring an additional 10,200 shares in the last quarter. 66.12% of the stock is owned by institutional investors.
In other 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 transaction of $105,591.32. Following the completion of the sale, the executive vice president now owns 68,964 shares of the company’s stock, valued at $1,106,182.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.49% of the stock is currently owned by company insiders.
UBNK stock opened at $16.32 on Friday. United Financial Bancorp has a twelve month low of $15.47 and a twelve month high of $19.35. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.05 and a quick ratio of 1.03. The company has a market cap of $844.13, a PE ratio of 14.65 and a beta of 0.66.
United Financial Bancorp (NASDAQ:UBNK) last released its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). United Financial Bancorp had a return on equity of 8.41% and a net margin of 20.25%. The company had revenue of $54.20 million for the quarter. analysts anticipate that United Financial Bancorp will post 1.2 EPS for the current year.
UBNK has been the subject of several recent research reports. 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 report on Wednesday, January 24th. BidaskClub raised shares of United Financial Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, February 10th. Hovde Group reaffirmed a “hold” rating on shares of United Financial Bancorp in a research report 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 report on Wednesday, March 7th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. 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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