Metropolitan Life Insurance Co. NY continued to hold its position in United Financial Bancorp, Inc. (NASDAQ:UBNK) during the first quarter, Holdings Channel reports. The firm owned 33,111 shares of the bank’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in United Financial Bancorp were worth $563,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Trexquant Investment LP bought a new position in United Financial Bancorp during the first quarter valued at about $185,000. Janney Montgomery Scott LLC raised its position in 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 in the last quarter. ClariVest Asset Management LLC bought a new position in United Financial Bancorp during the first quarter valued at about $191,000. Nine Chapters Capital Management LLC bought a new position in United Financial Bancorp during the first quarter valued at about $274,000. Finally, Schwerin Boyle Capital Management Inc. bought a new position in United Financial Bancorp during the first quarter valued at about $340,000. Institutional investors and hedge funds own 64.13% of the company’s stock.

United Financial Bancorp, Inc. (NASDAQ UBNK) traded down 1.1036% on Thursday, reaching $17.1882. The company’s stock had a trading volume of 13,851 shares. The company has a market cap of $863.14 million, a P/E ratio of 14.8302 and a beta of 0.65. United Financial Bancorp, Inc. has a 12 month low of $13.22 and a 12 month high of $18.66. The stock’s 50 day moving average price is $17.43 and its 200 day moving average price is $17.30.

United Financial Bancorp (NASDAQ:UBNK) last issued its quarterly earnings results on Tuesday, July 18th. The bank reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.06. The business had revenue of $55.80 million for 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 8.89%. During the same quarter in the prior year, the firm posted $0.20 earnings per share. Equities research analysts forecast that United Financial Bancorp, Inc. will post $1.18 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Friday, July 28th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, July 26th. This represents a $0.48 dividend on an annualized basis and a yield of 2.76%. United Financial Bancorp’s dividend payout ratio (DPR) is currently 41.38%.

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

In other United Financial Bancorp news, Director Michael A. Bars sold 2,350 shares of the company’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 sale, the director now owns 64,821 shares of the company’s stock, valued at $1,178,445.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William Hw Iv Crawford sold 17,000 shares of the company’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 disclosure for this sale can be found here. Corporate insiders own 3.49% 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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Institutional Ownership by Quarter for United Financial Bancorp (NASDAQ:UBNK)

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