JPMorgan Chase & Co. cut its stake in shares of United Financial Bancorp, Inc. (NASDAQ:UBNK) by 35.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 179,729 shares of the bank’s stock after selling 97,140 shares during the period. JPMorgan Chase & Co. owned approximately 0.36% of United Financial Bancorp worth $3,057,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Creative Planning boosted its position in United Financial Bancorp by 1.6% in the first quarter. Creative Planning now owns 32,175 shares of the bank’s stock worth $547,000 after buying an additional 500 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in United Financial Bancorp by 10.3% in the first quarter. Janney Montgomery Scott LLC now owns 11,168 shares of the bank’s stock worth $190,000 after buying an additional 1,044 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its position in United Financial Bancorp by 4.8% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 25,160 shares of the bank’s stock worth $416,000 after buying an additional 1,155 shares during the last quarter. AlphaOne Investment Services LLC boosted its position in United Financial Bancorp by 2.4% in the first quarter. AlphaOne Investment Services LLC now owns 70,960 shares of the bank’s stock worth $1,207,000 after buying an additional 1,660 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. boosted its position in United Financial Bancorp by 1.5% in the first quarter. Punch & Associates Investment Management Inc. now owns 291,898 shares of the bank’s stock worth $4,965,000 after buying an additional 4,286 shares during the last quarter. 64.13% of the stock is currently owned by institutional investors and hedge funds.

United Financial Bancorp, Inc. (UBNK) traded down 1.28% during mid-day trading on Monday, hitting $17.67. 69,398 shares of the stock were exchanged. The firm has a market cap of $887.33 million, a P/E ratio of 15.25 and a beta of 0.65. The company has a 50 day moving average of $17.38 and a 200 day moving average of $17.27. United Financial Bancorp, Inc. has a 12-month low of $13.07 and a 12-month high of $18.66.

United Financial Bancorp (NASDAQ:UBNK) last announced its earnings results on Tuesday, July 18th. The bank reported $0.32 EPS for the quarter, beating the 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 return on equity of 8.89% and a net margin of 22.95%. During the same period last year, the business posted $0.20 EPS. On average, equities analysts anticipate that United Financial Bancorp, Inc. will post $1.18 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 9th. Investors of record on Friday, July 28th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, July 26th. This represents a $0.48 annualized dividend and a dividend yield of 2.72%. United Financial Bancorp’s payout ratio is currently 41.38%.

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A number of research analysts have recently commented on UBNK shares. Keefe, Bruyette & Woods upgraded shares of United Financial Bancorp from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $18.50 to $20.00 in a report on Thursday, April 20th. ValuEngine upgraded shares of United Financial Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, May 31st. Piper Jaffray Companies reiterated a “hold” rating and set a $17.00 target price on shares of United Financial Bancorp in a report on Friday, July 14th. Finally, BidaskClub upgraded shares of United Financial Bancorp from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $17.33.

In other United Financial Bancorp news, CEO William Hw Iv Crawford sold 17,000 shares of United Financial Bancorp stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $18.14, for a total transaction of $308,380.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael A. Bars sold 2,350 shares of United Financial Bancorp stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $18.18, for a total value of $42,723.00. Following the sale, the director now owns 64,821 shares in the company, valued at $1,178,445.78. The disclosure for this sale can be found here. Company insiders own 3.39% of the company’s stock.

United Financial Bancorp Company 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.

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

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