Legal & General Group Plc cut its stake in shares of United Financial Bancorp, Inc. (NASDAQ:UBNK) by 3.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,952 shares of the bank’s stock after selling 401 shares during the period. Legal & General Group Plc’s holdings in United Financial Bancorp were worth $202,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UBNK. Creative Planning increased its position in shares of United Financial Bancorp by 1.6% in the first quarter. Creative Planning now owns 32,175 shares of the bank’s stock valued at $547,000 after buying an additional 500 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of United Financial Bancorp by 0.6% in the first quarter. Victory Capital Management Inc. now owns 119,303 shares of the bank’s stock valued at $2,030,000 after buying an additional 653 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of United Financial Bancorp by 10.3% in the first quarter. Janney Montgomery Scott LLC now owns 11,168 shares of the bank’s stock valued at $190,000 after buying an additional 1,044 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in shares of 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 valued at $416,000 after buying an additional 1,155 shares during the last quarter. Finally, AlphaOne Investment Services LLC increased its position in shares of United Financial Bancorp by 2.4% in the first quarter. AlphaOne Investment Services LLC now owns 70,960 shares of the bank’s stock valued at $1,207,000 after buying an additional 1,660 shares during the last quarter. 64.13% of the stock is owned by hedge funds and other institutional investors.

Shares of United Financial Bancorp, Inc. (NASDAQ:UBNK) traded down 1.51% on Friday, reaching $16.96. 103,336 shares of the company’s stock traded hands. The firm’s 50-day moving average is $17.45 and its 200-day moving average is $17.30. The stock has a market cap of $851.92 million, a price-to-earnings ratio of 14.63 and a beta of 0.65. United Financial Bancorp, Inc. has a 52-week low of $13.30 and a 52-week high of $18.66.

United Financial Bancorp (NASDAQ:UBNK) last announced its quarterly earnings data on Tuesday, July 18th. The bank reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.06. The firm had revenue of $55.80 million during the quarter, compared to analysts’ expectations of $54.22 million. United Financial Bancorp had a net margin of 22.95% and a return on equity of 8.83%. During the same period in the prior year, the company posted $0.20 earnings per share. Analysts anticipate that United Financial Bancorp, Inc. will post $1.18 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Friday, July 28th were paid a $0.12 dividend. 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 2.83%. United Financial Bancorp’s dividend payout ratio (DPR) is presently 41.38%.

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

In related news, CEO William Hw Iv Crawford sold 17,000 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael A. Bars sold 2,350 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $18.18, for a total transaction of $42,723.00. Following the transaction, the director now directly owns 64,821 shares of the company’s stock, valued at $1,178,445.78. The disclosure for this sale can be found here. Corporate insiders own 3.49% 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.

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

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