PL Capital Advisors LLC Sells 225,917 Shares of United Financial Bancorp, Inc. (UBNK)
PL Capital Advisors LLC lowered its stake in United Financial Bancorp, Inc. (NASDAQ:UBNK) by 22.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 774,211 shares of the bank’s stock after selling 225,917 shares during the period. United Financial Bancorp makes up 3.4% of PL Capital Advisors LLC’s portfolio, making the stock its 11th largest position. PL Capital Advisors LLC’s holdings in United Financial Bancorp were worth $12,922,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Sei Investments Co. boosted its stake in shares of United Financial Bancorp by 71.5% in the second quarter. Sei Investments Co. now owns 6,187 shares of the bank’s stock valued at $103,000 after buying an additional 2,579 shares during the period. Trexquant Investment LP purchased a new stake in shares of United Financial Bancorp during the first quarter valued at about $185,000. Janney Montgomery Scott LLC boosted its stake 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 period. ClariVest Asset Management LLC purchased a new stake in shares of United Financial Bancorp during the first quarter valued at about $191,000. Finally, Aperio Group LLC purchased a new stake in shares of United Financial Bancorp during the second quarter valued at about $254,000. 64.13% of the stock is currently owned by institutional investors and hedge funds.
United Financial Bancorp, Inc. (NASDAQ:UBNK) opened at 17.38 on Thursday. United Financial Bancorp, Inc. has a 52-week low of $13.07 and a 52-week 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. The company has a market cap of $872.77 million, a P/E ratio of 15.00 and a beta of 0.65.
United Financial Bancorp (NASDAQ:UBNK) last announced its quarterly earnings data on Tuesday, July 18th. The bank reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.06. United Financial Bancorp had a return on equity of 8.89% and a net margin of 22.95%. The firm had revenue of $55.80 million for the quarter, compared to the consensus estimate of $54.22 million. During the same quarter last year, the business posted $0.20 earnings per share. Analysts expect that United Financial Bancorp, Inc. will post $1.18 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Investors 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 payout ratio is 41.38%.
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Several analysts have recently issued reports on UBNK shares. ValuEngine raised United Financial Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, May 31st. BidaskClub raised United Financial Bancorp from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $17.00 price objective on shares of United Financial Bancorp in a report on Friday, July 14th. Finally, Keefe, Bruyette & Woods raised United Financial Bancorp from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $18.50 to $20.00 in a research report on Thursday, April 20th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. United Financial Bancorp presently has an average rating of “Hold” and an average price target of $17.33.
In related news, CEO William Hw Iv Crawford sold 17,000 shares of United Financial Bancorp stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $18.14, for a total transaction of $308,380.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael A. Bars sold 2,350 shares of United Financial Bancorp stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $18.18, for a total value of $42,723.00. Following the transaction, the director now owns 64,821 shares in the company, valued at approximately $1,178,445.78. The disclosure for this sale can be found here. Company 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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