United Financial Bancorp, Inc. (UBNK) Shares Sold by Bank of New York Mellon Corp
Bank of New York Mellon Corp cut its position in shares of United Financial Bancorp, Inc. (NASDAQ:UBNK) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 364,679 shares of the bank’s stock after selling 4,702 shares during the quarter. Bank of New York Mellon Corp owned about 0.73% of United Financial Bancorp worth $6,086,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Sei Investments Co. raised its holdings in shares of United Financial Bancorp by 71.5% in the 2nd quarter. Sei Investments Co. now owns 6,187 shares of the bank’s stock worth $103,000 after purchasing an additional 2,579 shares during the period. Trexquant Investment LP acquired a new position in shares of United Financial Bancorp in the 1st quarter valued at about $185,000. ClariVest Asset Management LLC purchased a new stake in shares of United Financial Bancorp during the 1st quarter worth about $191,000. Janney Montgomery Scott LLC grew its holdings in shares of United Financial Bancorp by 7.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 11,988 shares of the bank’s stock worth $200,000 after purchasing an additional 820 shares during the period. Finally, Aperio Group LLC purchased a new stake in shares of United Financial Bancorp during the 2nd quarter worth about $254,000. Institutional investors own 64.73% of the company’s stock.
A number of analysts recently issued reports on UBNK shares. BidaskClub downgraded shares of United Financial Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Piper Jaffray Companies restated a “hold” rating and issued a $17.00 price target on shares of United Financial Bancorp in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. United Financial Bancorp has a consensus rating of “Hold” and a consensus price target of $17.33.
United Financial Bancorp, Inc. (NASDAQ UBNK) opened at 18.50 on Tuesday. The firm has a market cap of $929.27 million, a price-to-earnings ratio of 15.96 and a beta of 0.66. The company’s 50 day moving average is $17.23 and its 200 day moving average is $17.14. United Financial Bancorp, Inc. has a 12-month low of $13.51 and a 12-month high of $18.66.
United Financial Bancorp (NASDAQ:UBNK) last posted its earnings results on Tuesday, July 18th. The bank reported $0.32 earnings per share (EPS) for the quarter, beating 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 previous year, the company earned $0.20 earnings per share. On average, equities analysts anticipate that United Financial Bancorp, Inc. will post $1.17 earnings per share for the current year.
In related news, Director Michael A. Bars sold 2,350 shares of United Financial Bancorp stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $18.18, for a total value of $42,723.00. Following the completion of the sale, the director now owns 64,821 shares of the company’s stock, valued at approximately $1,178,445.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William Hw Iv Crawford sold 17,000 shares of United Financial Bancorp 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 3.39% of the company’s stock.
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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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