Aperio Group LLC boosted its stake in United Financial Bancorp Inc (NASDAQ:UBNK) by 28.7% during the second quarter, HoldingsChannel.com reports. The firm owned 20,007 shares of the bank’s stock after buying an additional 4,459 shares during the period. Aperio Group LLC’s holdings in United Financial Bancorp were worth $351,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in UBNK. SG Americas Securities LLC purchased a new position in United Financial Bancorp in the 1st quarter worth approximately $125,000. Swiss National Bank grew its position in shares of United Financial Bancorp by 5.0% in the 1st quarter. Swiss National Bank now owns 88,365 shares of the bank’s stock worth $1,432,000 after buying an additional 4,200 shares during the last quarter. LSV Asset Management grew its position in shares of United Financial Bancorp by 1.0% in the 1st quarter. LSV Asset Management now owns 1,080,024 shares of the bank’s stock worth $17,496,000 after buying an additional 11,100 shares during the last quarter. Bailard Inc. grew its position in shares of United Financial Bancorp by 97.3% in the 1st quarter. Bailard Inc. now owns 29,600 shares of the bank’s stock worth $480,000 after buying an additional 14,600 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of United Financial Bancorp by 3.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 256,667 shares of the bank’s stock worth $4,159,000 after buying an additional 7,926 shares during the last quarter. 66.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of UBNK stock opened at $17.80 on Wednesday. The company has a market capitalization of $908.49 million, a PE ratio of 15.89 and a beta of 0.70. United Financial Bancorp Inc has a fifty-two week low of $15.47 and a fifty-two week high of $19.35. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.02 and a current ratio of 1.04.

United Financial Bancorp (NASDAQ:UBNK) last issued its quarterly earnings data on Tuesday, July 17th. The bank reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. The firm had revenue of $56.54 million for the quarter, compared to analyst estimates of $55.80 million. United Financial Bancorp had a return on equity of 8.42% and a net margin of 19.61%. research analysts forecast that United Financial Bancorp Inc will post 1.22 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 8th. Stockholders of record on Friday, July 27th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, July 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.70%. United Financial Bancorp’s dividend payout ratio is currently 42.86%.

In other news, CEO William Hw Iv Crawford sold 22,500 shares of United Financial Bancorp stock in a transaction that occurred on Monday, June 25th. The stock was sold at an average price of $17.97, for a total value of $404,325.00. Following the sale, the chief executive officer now directly owns 164,054 shares in the company, valued at approximately $2,948,050.38. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Carol A. Leary sold 25,517 shares of United Financial Bancorp stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $17.28, for a total value of $440,933.76. Following the completion of the sale, the director now owns 58,899 shares in the company, valued at $1,017,774.72. The disclosure for this sale can be found here. 3.37% of the stock is currently owned by company insiders.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered United Financial Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, June 12th. BidaskClub lowered United Financial Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, June 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $20.33.

United Financial Bancorp 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 checking, 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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