Hennessy Advisors Inc. decreased its stake in United Financial Bancorp, Inc. (NASDAQ:UBNK) by 25.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 225,000 shares of the bank’s stock after selling 75,000 shares during the period. Hennessy Advisors Inc. owned 0.45% of United Financial Bancorp worth $3,755,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its holdings in shares of United Financial Bancorp by 1,702.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,984 shares of the bank’s stock valued at $100,000 after buying an additional 5,652 shares in the last quarter. Sei Investments Co. boosted 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 valued at $103,000 after buying an additional 2,579 shares in the last quarter. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of United Financial Bancorp by 66.1% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 6,573 shares of the bank’s stock valued at $110,000 after buying an additional 2,615 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of United Financial Bancorp in the 1st quarter valued at $185,000. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of United Financial Bancorp by 10.3% in the 1st 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. Institutional investors and hedge funds own 64.73% of the company’s stock.

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United Financial Bancorp, Inc. (UBNK) opened at 16.54 on Friday. The stock has a 50 day moving average of $17.44 and a 200 day moving average of $17.19. United Financial Bancorp, Inc. has a one year low of $13.32 and a one year high of $18.66. The firm has a market cap of $830.82 million, a PE ratio of 14.27 and a beta of 0.65.

United Financial Bancorp (NASDAQ:UBNK) last released its quarterly earnings results on Tuesday, July 18th. The bank reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. United Financial Bancorp had a net margin of 22.95% and a return on equity of 8.83%. The business had revenue of $55.80 million during the quarter, compared to the consensus estimate of $54.22 million. During the same quarter last year, the company earned $0.20 earnings per share. On average, equities analysts forecast that United Financial Bancorp, Inc. will post $1.18 earnings per share for the current year.

In other United Financial Bancorp 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 transaction, the director now owns 64,821 shares of the company’s stock, valued at $1,178,445.78. The transaction was disclosed in a filing with the SEC, which is accessible 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 stock was 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. 3.49% of the stock is currently owned by company insiders.

Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of United Financial Bancorp from a “sell” rating to a “hold” rating in a report on Monday, July 24th. ValuEngine upgraded shares of United Financial Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, May 31st. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $17.00 target price on shares of United Financial Bancorp in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $17.33.

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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