Brandywine Global Investment Management LLC Sells 5,594 Shares of United Financial Bancorp, Inc. (UBNK)

Brandywine Global Investment Management LLC reduced its holdings in United Financial Bancorp, Inc. (NASDAQ:UBNK) by 3.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 157,013 shares of the bank’s stock after selling 5,594 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.31% of United Financial Bancorp worth $2,621,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of UBNK. Dimensional Fund Advisors LP increased its holdings in shares of United Financial Bancorp by 4.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,502,288 shares of the bank’s stock worth $58,454,000 after acquiring an additional 140,843 shares during the period. Vanguard Group Inc. increased its holdings in shares of United Financial Bancorp by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 2,087,944 shares of the bank’s stock worth $34,848,000 after acquiring an additional 23,464 shares during the period. Renaissance Technologies LLC increased its holdings in shares of United Financial Bancorp by 10.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,432,612 shares of the bank’s stock worth $24,369,000 after acquiring an additional 135,373 shares during the period. Northern Trust Corp increased its holdings in shares of United Financial Bancorp by 1.8% in the 2nd quarter. Northern Trust Corp now owns 1,353,011 shares of the bank’s stock worth $22,582,000 after acquiring an additional 24,374 shares during the period. Finally, Systematic Financial Management LP increased its holdings in shares of United Financial Bancorp by 1.9% in the 2nd quarter. Systematic Financial Management LP now owns 1,105,564 shares of the bank’s stock worth $18,452,000 after acquiring an additional 20,717 shares during the period. Institutional investors own 64.73% of the company’s stock.

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A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $21.00 price objective on shares of United Financial Bancorp in a report on Tuesday, October 3rd. BidaskClub cut shares of United Financial Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $17.00 target price on shares of United Financial Bancorp in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.67.

In other United Financial Bancorp news, Director Michael A. Bars sold 2,350 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $18.18, for a total transaction of $42,723.00. Following the completion of the sale, the director now directly owns 64,821 shares of the company’s stock, valued at approximately $1,178,445.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William Hw Iv Crawford sold 17,000 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $18.14, for a total value of $308,380.00. The disclosure for this sale can be found here. Insiders own 3.49% of the company’s stock.

United Financial Bancorp, Inc. (NASDAQ UBNK) opened at 18.46 on Friday. United Financial Bancorp, Inc. has a 1-year low of $13.57 and a 1-year high of $18.66. The firm’s 50-day moving average is $17.37 and its 200 day moving average is $17.18. The firm has a market cap of $927.26 million, a PE ratio of 15.93 and a beta of 0.66.

United Financial Bancorp (NASDAQ:UBNK) last issued its quarterly earnings results on Tuesday, July 18th. The bank reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.06. The business had revenue of $55.80 million for the quarter, compared to the consensus estimate of $54.22 million. United Financial Bancorp had a net margin of 22.95% and a return on equity of 8.83%. During the same quarter in the prior year, the company earned $0.20 EPS. On average, equities analysts forecast that United Financial Bancorp, Inc. will post $1.17 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for United Financial Bancorp (NASDAQ:UBNK)

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