California Public Employees Retirement System reduced its position in shares of United Financial Bancorp Inc (NASDAQ:UBNK) by 14.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 125,861 shares of the bank’s stock after selling 20,655 shares during the period. California Public Employees Retirement System’s holdings in United Financial Bancorp were worth $1,806,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its stake in shares of United Financial Bancorp by 20.1% in the 1st quarter. Victory Capital Management Inc. now owns 133,750 shares of the bank’s stock valued at $1,919,000 after purchasing an additional 22,400 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in United Financial Bancorp by 38.1% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 79,758 shares of the bank’s stock worth $1,137,000 after acquiring an additional 21,985 shares during the last quarter. SG Americas Securities LLC bought a new position in United Financial Bancorp during the 1st quarter worth approximately $195,000. BNP Paribas Arbitrage SA boosted its stake in United Financial Bancorp by 295.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 10,559 shares of the bank’s stock worth $152,000 after acquiring an additional 7,891 shares during the last quarter. Finally, Brinker Capital Inc. boosted its stake in United Financial Bancorp by 18.1% during the 1st quarter. Brinker Capital Inc. now owns 61,076 shares of the bank’s stock worth $876,000 after acquiring an additional 9,361 shares during the last quarter. 68.12% of the stock is owned by institutional investors and hedge funds.

Several research firms recently weighed in on UBNK. BidaskClub raised shares of United Financial Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, May 30th. Zacks Investment Research lowered shares of United Financial Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, April 20th. ValuEngine lowered shares of United Financial Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. Finally, Sandler O’Neill lowered shares of United Financial Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th.

United Financial Bancorp stock opened at $13.46 on Thursday. United Financial Bancorp Inc has a fifty-two week low of $12.82 and a fifty-two week high of $18.33. The company has a market cap of $684.63 million, a P/E ratio of 11.50 and a beta of 0.66. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.03.

United Financial Bancorp (NASDAQ:UBNK) last released its quarterly earnings data on Tuesday, April 16th. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.03). United Financial Bancorp had a return on equity of 7.86% and a net margin of 17.79%. The firm had revenue of $55.92 million for the quarter, compared to the consensus estimate of $56.60 million. Analysts expect that United Financial Bancorp Inc will post 1.02 EPS for the current fiscal year.

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United Financial Bancorp Company Profile

United Financial Bancorp, Inc operates as the holding company for United Bank that provides retail, commercial, and consumer banking services to individuals, families, and businesses. The company accepts various deposits, such as interest-bearing and non-interest-bearing checking, regular savings, money market savings, and time deposits.

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

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