Patriot Financial Group Insurance Agency LLC Raises Stake in United Financial Bancorp, Inc. (UBNK)
Patriot Financial Group Insurance Agency LLC boosted its stake in United Financial Bancorp, Inc. (NASDAQ:UBNK) by 1.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 25,520 shares of the bank’s stock after buying an additional 360 shares during the period. Patriot Financial Group Insurance Agency LLC owned about 0.05% of United Financial Bancorp worth $430,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in UBNK. Dimensional Fund Advisors LP raised its position in United Financial Bancorp by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,361,445 shares of the bank’s stock worth $57,178,000 after buying an additional 127,272 shares in the last quarter. Vanguard Group Inc. raised its position in United Financial Bancorp by 7.5% in the first quarter. Vanguard Group Inc. now owns 2,064,480 shares of the bank’s stock worth $35,116,000 after buying an additional 143,636 shares in the last quarter. Renaissance Technologies LLC raised its position in United Financial Bancorp by 10.4% in the first quarter. Renaissance Technologies LLC now owns 1,432,612 shares of the bank’s stock worth $24,369,000 after buying an additional 135,373 shares in the last quarter. State Street Corp raised its position in United Financial Bancorp by 1.7% in the first quarter. State Street Corp now owns 1,101,228 shares of the bank’s stock worth $18,732,000 after buying an additional 18,517 shares in the last quarter. Finally, Systematic Financial Management LP raised its position in United Financial Bancorp by 3.5% in the first quarter. Systematic Financial Management LP now owns 1,084,847 shares of the bank’s stock worth $18,453,000 after buying an additional 36,298 shares in the last quarter. Institutional investors own 64.73% of the company’s stock.
United Financial Bancorp, Inc. (NASDAQ:UBNK) traded down 1.03% during trading on Tuesday, hitting $17.23. The company had a trading volume of 18,975 shares. United Financial Bancorp, Inc. has a 1-year low of $13.32 and a 1-year high of $18.66. The stock has a market capitalization of $865.48 million, a price-to-earnings ratio of 14.87 and a beta of 0.65. The company’s 50 day moving average price is $17.49 and its 200-day moving average price is $17.24.
United Financial Bancorp (NASDAQ:UBNK) last released its earnings results on Tuesday, July 18th. The bank reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. The firm had revenue of $55.80 million for the quarter, compared to analysts’ expectations of $54.22 million. United Financial Bancorp had a return on equity of 8.83% and a net margin of 22.95%. During the same quarter in the prior year, the firm posted $0.20 earnings per share. On average, analysts expect that United Financial Bancorp, Inc. will post $1.18 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Friday, July 28th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, July 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.76%. United Financial Bancorp’s dividend payout ratio is 41.38%.
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UBNK has been the topic of a number of recent analyst reports. ValuEngine raised United Financial Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, May 31st. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $17.00 price objective on shares of United Financial Bancorp in a research note on Friday, July 14th. Finally, BidaskClub raised United Financial Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. United Financial Bancorp has a consensus rating of “Hold” and a consensus price target of $17.33.
In other news, CEO William Hw Iv Crawford sold 17,000 shares of the company’s 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 legal filing with the SEC, which is accessible through this link. Also, Director Michael A. Bars sold 2,350 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $18.18, for a total value of $42,723.00. Following the transaction, the director now directly owns 64,821 shares in the company, valued at approximately $1,178,445.78. The disclosure for this sale can be found here. Corporate insiders own 3.39% 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) 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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