Cornerstone Capital Management Holdings LLC. bought a new position in shares of United Financial Bancorp, Inc. (NASDAQ:UBNK) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 10,200 shares of the bank’s stock, valued at approximately $169,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wedge Capital Management L L P NC acquired a new position in United Financial Bancorp during the 2nd quarter worth approximately $290,000. Patriot Financial Group Insurance Agency LLC increased its position in United Financial Bancorp by 1.4% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 25,520 shares of the bank’s stock worth $430,000 after purchasing an additional 360 shares during the period. Swiss National Bank increased its position in United Financial Bancorp by 7.1% during the 2nd quarter. Swiss National Bank now owns 84,165 shares of the bank’s stock worth $1,405,000 after purchasing an additional 5,600 shares during the period. Schwab Charles Investment Management Inc. increased its position in United Financial Bancorp by 6.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 225,895 shares of the bank’s stock worth $3,771,000 after purchasing an additional 12,922 shares during the period. Finally, Wellington Management Group LLP increased its position in United Financial Bancorp by 120.5% during the 1st quarter. Wellington Management Group LLP now owns 113,764 shares of the bank’s stock worth $1,935,000 after purchasing an additional 62,164 shares during the period. Institutional investors own 64.56% of the company’s stock.

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Several equities analysts have issued reports on UBNK shares. Piper Jaffray Companies reiterated a “hold” rating and set a $17.00 target price on shares of United Financial Bancorp in a research report on Friday, July 14th. BidaskClub upgraded United Financial Bancorp from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $21.00 price target on shares of United Financial Bancorp in a report on Tuesday, October 3rd.

Shares of United Financial Bancorp, Inc. (NASDAQ UBNK) opened at 18.17 on Tuesday. The company has a 50 day moving average price of $18.01 and a 200-day moving average price of $17.41. The firm has a market cap of $913.28 million, a PE ratio of 15.41 and a beta of 0.66. United Financial Bancorp, Inc. has a 12-month low of $14.23 and a 12-month high of $18.99.

United Financial Bancorp (NASDAQ:UBNK) last posted its quarterly earnings results on Tuesday, October 17th. The bank reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The firm had revenue of $54.84 million for the quarter, compared to analyst estimates of $56.29 million. United Financial Bancorp had a net margin of 22.67% and a return on equity of 8.94%. During the same quarter in the previous year, the business posted $0.28 earnings per share. Analysts expect that United Financial Bancorp, Inc. will post $1.18 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Friday, October 27th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $0.48 annualized dividend and a yield of 2.64%. United Financial Bancorp’s dividend payout ratio (DPR) 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.

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

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