State Street Corp raised its stake in United Financial Bancorp, Inc. (NASDAQ:UBNK) by 8.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,196,524 shares of the bank’s stock after acquiring an additional 95,296 shares during the period. State Street Corp owned 2.38% of United Financial Bancorp worth $19,969,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its holdings in shares of United Financial Bancorp by 1,702.4% during the second quarter. BNP Paribas Arbitrage SA now owns 5,984 shares of the bank’s stock valued at $100,000 after buying an additional 5,652 shares during the last quarter. Sei Investments Co. raised its holdings in shares of United Financial Bancorp by 71.5% during the second quarter. Sei Investments Co. now owns 6,187 shares of the bank’s stock valued at $103,000 after buying an additional 2,579 shares during the last quarter. Mark Sheptoff Financial Planning LLC raised its holdings in shares of United Financial Bancorp by 66.1% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 6,573 shares of the bank’s stock valued at $110,000 after buying an additional 2,615 shares during the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of United Financial Bancorp during the second quarter valued at approximately $169,000. Finally, Ameriprise Financial Inc. bought a new stake in shares of United Financial Bancorp during the second quarter valued at approximately $173,000. Institutional investors own 64.42% of the company’s stock.
A number of research firms have recently weighed in on UBNK. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $21.00 price target on shares of United Financial Bancorp in a report on Tuesday, October 3rd. BidaskClub raised United Financial Bancorp from a “sell” rating to a “hold” rating in a report on Monday, July 24th.
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Shares of United Financial Bancorp, Inc. (UBNK) opened at $17.86 on Friday. The firm has a market capitalization of $896.50, a P/E ratio of 14.94 and a beta of 0.72. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 1.56. United Financial Bancorp, Inc. has a twelve month low of $15.75 and a twelve month high of $18.99.
United Financial Bancorp (NASDAQ:UBNK) last released its quarterly earnings results on Tuesday, October 17th. The bank reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. The company had revenue of $54.84 million for the quarter, compared to analysts’ expectations of $56.29 million. United Financial Bancorp had a return on equity of 8.87% and a net margin of 22.67%. During the same quarter in the previous year, the company posted $0.28 earnings per share. sell-side analysts forecast that United Financial Bancorp, Inc. will post 1.16 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 8th. Investors of record on Friday, October 27th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, October 26th. This represents a $0.48 annualized dividend and a yield of 2.69%. United Financial Bancorp’s payout ratio is 40.68%.
United Financial Bancorp Profile
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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