Victory Capital Management Inc. lowered its stake in United Financial Bancorp Inc. (NASDAQ:UBNK) by 17.1% during the second quarter, Holdings Channel reports. The fund owned 78,490 shares of the company’s stock after selling 16,200 shares during the period. Victory Capital Management Inc. owned approximately 0.16% of United Financial Bancorp worth $1,018,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. boosted its position in United Financial Bancorp by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,627,153 shares of the company’s stock valued at $20,486,000 after buying an additional 5,908 shares during the period. LSV Asset Management boosted its position in United Financial Bancorp by 3.3% in the second quarter. LSV Asset Management now owns 1,155,852 shares of the company’s stock valued at $15,002,000 after buying an additional 37,000 shares during the period. Renaissance Technologies LLC boosted its position in United Financial Bancorp by 11.4% in the first quarter. Renaissance Technologies LLC now owns 1,082,539 shares of the company’s stock valued at $13,629,000 after buying an additional 111,025 shares during the period. Mendon Capital Advisors Corp boosted its position in United Financial Bancorp by 10.4% in the second quarter. Mendon Capital Advisors Corp now owns 950,383 shares of the company’s stock valued at $12,336,000 after buying an additional 89,160 shares during the period. Finally, Clover Partners L.P. acquired a new position in United Financial Bancorp during the first quarter valued at $7,359,000. Institutional investors own 61.53% of the company’s stock.

United Financial Bancorp Inc. (NASDAQ:UBNK) traded up 0.66% during midday trading on Thursday, reaching $13.77. The company’s stock had a trading volume of 29,863 shares. The firm has a market cap of $684.52 million, a P/E ratio of 15.47 and a beta of 0.59. The firm has a 50 day moving average of $13.60 and a 200 day moving average of $13.08. United Financial Bancorp Inc. has a 52-week low of $10.28 and a 52-week high of $14.16.

United Financial Bancorp (NASDAQ:UBNK) last posted its earnings results on Tuesday, July 19th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.23 by $0.03. United Financial Bancorp had a net margin of 18.90% and a return on equity of 7.23%. Analysts anticipate that United Financial Bancorp Inc. will post $0.87 earnings per share for the current fiscal year.

Separately, Hovde Group cut United Financial Bancorp from an “outperform” rating to a “market perform” rating and set a $14.00 target price on the stock. in a research note on Wednesday, July 20th.

In other news, Director Carol A. Leary sold 14,372 shares of the stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $13.14, for a total value of $188,848.08. Following the completion of the sale, the director now owns 45,778 shares of the company’s stock, valued at $601,522.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kevin E. Ross sold 6,238 shares of the stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $13.21, for a total value of $82,403.98. Following the completion of the sale, the director now directly owns 41,237 shares of the company’s stock, valued at approximately $544,740.77. The disclosure for this sale can be found here. 3.49% of the stock is owned by insiders.

About United Financial Bancorp

United Financial Bancorp, Inc is a bank holding company. The Company, through its subsidiary United Bank (the Bank), delivers financial services to individuals, families and businesses in Connecticut and Massachusetts, including retail, commercial and consumer banking, as well as financial advisory services.

5 Day Chart for NASDAQ:UBNK

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