United Financial Bancorp Inc. (NASDAQ:UBNK) posted its earnings results on Tuesday. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.06. United Financial Bancorp had a return on equity of 7.23% and a net margin of 18.90%.

United Financial Bancorp (NASDAQ:UBNK) traded up 0.58% during mid-day trading on Tuesday, hitting $13.76. The company had a trading volume of 58,204 shares. United Financial Bancorp has a 1-year low of $10.28 and a 1-year high of $14.16. The stock has a market capitalization of $684.02 million, a PE ratio of 15.46 and a beta of 0.63. The stock has a 50 day moving average price of $13.75 and a 200-day moving average price of $13.26.

Earnings History for United Financial Bancorp (NASDAQ:UBNK)

Separately, Hovde Group cut United Financial Bancorp from an “outperform” rating to a “market perform” rating and set a $14.00 target price on the stock. in a research note on Wednesday, July 20th.

In other United Financial Bancorp news, Director Kevin E. Ross sold 21,018 shares of the business’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $13.20, for a total value of $277,437.60. Following the sale, the director now owns 56,017 shares in the company, valued at approximately $739,424.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Carol A. Leary sold 14,372 shares of the business’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $13.14, for a total transaction of $188,848.08. Following the completion of the sale, the director now owns 45,778 shares in the company, valued at approximately $601,522.92. The disclosure for this sale can be found here. 3.49% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in UBNK. Bridgeway Capital Management Inc. boosted its stake in shares of United Financial Bancorp by 5.5% in the second quarter. Bridgeway Capital Management Inc. now owns 10,550 shares of the company’s stock valued at $137,000 after buying an additional 550 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of United Financial Bancorp by 14.1% in the second quarter. Parametric Portfolio Associates LLC now owns 26,315 shares of the company’s stock valued at $342,000 after buying an additional 3,258 shares in the last quarter. Piermont Capital Management Inc. boosted its stake in shares of United Financial Bancorp by 92.2% in the second quarter. Piermont Capital Management Inc. now owns 64,653 shares of the company’s stock valued at $839,000 after buying an additional 31,013 shares in the last quarter. Maltese Capital Management LLC boosted its stake in shares of United Financial Bancorp by 113.5% in the second quarter. Maltese Capital Management LLC now owns 430,000 shares of the company’s stock valued at $5,581,000 after buying an additional 228,593 shares in the last quarter. Finally, Teachers Advisors Inc. boosted its stake in shares of United Financial Bancorp by 14.1% in the second quarter. Teachers Advisors Inc. now owns 90,571 shares of the company’s stock valued at $1,176,000 after buying an additional 11,170 shares in the last quarter. Institutional investors and hedge funds own 61.54% of the company’s stock.

About United Financial Bancorp

United Financial Bancorp, Inc is a bank holding company. The Company, through its subsidiary United Bank (the Bank), delivers financial services to individuals, families and businesses in Connecticut and Massachusetts, including retail, commercial and consumer banking, as well as financial advisory services.

5 Day Chart for NASDAQ:UBNK

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