Systematic Financial Management LP boosted its position in United Financial Bancorp (NASDAQ:UBNK) by 4.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,303,293 shares of the bank’s stock after acquiring an additional 59,719 shares during the quarter. Systematic Financial Management LP’s holdings in United Financial Bancorp were worth $21,113,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of UBNK. SG Americas Securities LLC acquired a new position in United Financial Bancorp in the 1st quarter worth $125,000. Genesee Valley Trust Co. acquired a new stake in shares of United Financial Bancorp in the 4th quarter valued at about $226,000. Bailard Inc. acquired a new stake in shares of United Financial Bancorp in the 4th quarter valued at about $265,000. Harbor Advisory Corp MA acquired a new stake in shares of United Financial Bancorp in the 4th quarter valued at about $268,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of United Financial Bancorp by 244.7% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,839 shares of the bank’s stock valued at $279,000 after purchasing an additional 11,244 shares in the last quarter. Hedge funds and other institutional investors own 66.64% of the company’s stock.
Shares of NASDAQ:UBNK opened at $17.84 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 1.50. United Financial Bancorp has a fifty-two week low of $15.47 and a fifty-two week high of $19.35. The stock has a market cap of $909.69 million, a P/E ratio of 15.93 and a beta of 0.66.
United Financial Bancorp (NASDAQ:UBNK) last announced its quarterly earnings data on Tuesday, April 17th. The bank reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. United Financial Bancorp had a net margin of 20.33% and a return on equity of 8.59%. The business had revenue of $55.83 million during the quarter. equities analysts expect that United Financial Bancorp will post 1.2 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 9th. Investors of record on Friday, April 27th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend was Thursday, April 26th. United Financial Bancorp’s dividend payout ratio is presently 42.86%.
UBNK has been the topic of a number of recent analyst reports. Sandler O’Neill set a $20.00 target price on shares of United Financial Bancorp and gave the company a “buy” rating in a research note on Wednesday, January 24th. Zacks Investment Research lowered shares of United Financial Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday. Hovde Group restated a “hold” rating on shares of United Financial Bancorp in a research note on Friday, January 26th. Keefe, Bruyette & Woods lowered shares of United Financial Bancorp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 7th. Finally, BidaskClub lowered shares of United Financial Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $19.33.
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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