Geode Capital Management LLC boosted its stake in shares of United Financial Bancorp Inc (NASDAQ:UBNK) by 8.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 595,009 shares of the bank’s stock after buying an additional 44,328 shares during the quarter. Geode Capital Management LLC’s holdings in United Financial Bancorp were worth $8,746,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in United Financial Bancorp by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,272,910 shares of the bank’s stock valued at $62,812,000 after purchasing an additional 59,156 shares during the last quarter. Bessemer Group Inc. lifted its stake in United Financial Bancorp by 116.6% in the fourth quarter. Bessemer Group Inc. now owns 99,400 shares of the bank’s stock valued at $1,461,000 after purchasing an additional 53,500 shares during the last quarter. Martingale Asset Management L P lifted its stake in United Financial Bancorp by 21.4% in the fourth quarter. Martingale Asset Management L P now owns 226,446 shares of the bank’s stock valued at $3,330,000 after purchasing an additional 39,983 shares during the last quarter. BlackRock Inc. lifted its stake in United Financial Bancorp by 3.6% in the fourth quarter. BlackRock Inc. now owns 3,984,825 shares of the bank’s stock valued at $58,577,000 after purchasing an additional 139,023 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in United Financial Bancorp by 136.6% in the fourth quarter. Acadian Asset Management LLC now owns 52,566 shares of the bank’s stock valued at $771,000 after purchasing an additional 30,350 shares during the last quarter. 69.46% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently commented on the company. Zacks Investment Research upgraded United Financial Bancorp from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 27th. BidaskClub downgraded United Financial Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, March 22nd.
In other news, Director Kevin E. Ross sold 5,636 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $15.59, for a total value of $87,865.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Brandon Craig Lorey sold 4,540 shares of the company’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $16.13, for a total transaction of $73,230.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,313 shares of company stock worth $388,843. Company insiders own 3.37% of the company’s stock.
NASDAQ:UBNK opened at $14.81 on Tuesday. The firm has a market cap of $775.64 million, a price-to-earnings ratio of 12.66 and a beta of 0.75. United Financial Bancorp Inc has a 1 year low of $13.37 and a 1 year high of $18.33. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 1.27.
United Financial Bancorp (NASDAQ:UBNK) last posted its earnings results on Tuesday, January 22nd. The bank reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.09). The company had revenue of $57.86 million for the quarter, compared to analysts’ expectations of $57.40 million. United Financial Bancorp had a return on equity of 8.49% and a net margin of 19.34%. On average, analysts predict that United Financial Bancorp Inc will post 1.14 earnings per share for the current fiscal year.
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About United Financial Bancorp
United Financial Bancorp, Inc operates as the holding company for United Bank that provides retail, commercial, and consumer banking services to individuals, families, and businesses. The company accepts various deposits, such as interest-bearing checking, non-interest-bearing checking, regular savings, money market savings, and time deposits.
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