Sterling Capital Management LLC lowered its holdings in shares of United Financial Bancorp Inc (NASDAQ:UBNK) by 54.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,873 shares of the bank’s stock after selling 80,405 shares during the period. Sterling Capital Management LLC owned approximately 0.13% of United Financial Bancorp worth $1,142,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of UBNK. Aperio Group LLC raised its holdings in shares of United Financial Bancorp by 28.7% in the 2nd quarter. Aperio Group LLC now owns 20,007 shares of the bank’s stock worth $351,000 after buying an additional 4,459 shares in the last quarter. SG Americas Securities LLC grew its position in United Financial Bancorp by 44.5% during the 2nd quarter. SG Americas Securities LLC now owns 11,156 shares of the bank’s stock worth $195,000 after acquiring an additional 3,438 shares during the last quarter. Systematic Financial Management LP grew its position in United Financial Bancorp by 9.1% during the 2nd quarter. Systematic Financial Management LP now owns 1,421,647 shares of the bank’s stock worth $24,907,000 after acquiring an additional 118,354 shares during the last quarter. Bailard Inc. grew its position in United Financial Bancorp by 43.2% during the 2nd quarter. Bailard Inc. now owns 42,400 shares of the bank’s stock worth $743,000 after acquiring an additional 12,800 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in United Financial Bancorp by 7.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 275,292 shares of the bank’s stock worth $4,824,000 after acquiring an additional 18,625 shares during the last quarter. 66.70% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on UBNK shares. Zacks Investment Research lowered United Financial Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. BidaskClub lowered United Financial Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 17th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. United Financial Bancorp presently has an average rating of “Hold” and a consensus target price of $20.00.
NASDAQ UBNK opened at $15.86 on Friday. The company has a market cap of $818.51 million, a P/E ratio of 13.68 and a beta of 0.77. United Financial Bancorp Inc has a one year low of $15.10 and a one year high of $19.35. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.02 and a current ratio of 1.02.
United Financial Bancorp (NASDAQ:UBNK) last released its quarterly earnings results on Tuesday, October 16th. The bank reported $0.32 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.32. The business had revenue of $57.98 million for the quarter, compared to analyst estimates of $57.50 million. United Financial Bancorp had a return on equity of 8.52% and a net margin of 19.27%. Analysts forecast that United Financial Bancorp Inc will post 1.23 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 6th. Investors of record on Friday, October 26th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, October 25th. This represents a $0.48 dividend on an annualized basis and a yield of 3.03%. United Financial Bancorp’s dividend payout ratio (DPR) is presently 42.86%.
About United Financial Bancorp
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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