Goldman Sachs Group Inc. Sells 24,338 Shares of United Financial Bancorp Inc (NASDAQ:UBNK)
Goldman Sachs Group Inc. reduced its position in United Financial Bancorp Inc (NASDAQ:UBNK) by 26.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 67,723 shares of the bank’s stock after selling 24,338 shares during the period. Goldman Sachs Group Inc.’s holdings in United Financial Bancorp were worth $1,152,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently modified their holdings of UBNK. Mutual of America Capital Management LLC boosted its position in shares of United Financial Bancorp by 68.6% in the first quarter. Mutual of America Capital Management LLC now owns 53,226 shares of the bank’s stock worth $905,000 after buying an additional 21,657 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of United Financial Bancorp by 16.0% in the first quarter. Parametric Portfolio Associates LLC now owns 31,801 shares of the bank’s stock worth $541,000 after buying an additional 4,389 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in United Financial Bancorp by 4.8% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 25,160 shares of the bank’s stock worth $416,000 after buying an additional 1,155 shares during the last quarter. Bank of New York Mellon Corp raised its stake in United Financial Bancorp by 6.5% in the first quarter. Bank of New York Mellon Corp now owns 369,381 shares of the bank’s stock worth $6,283,000 after buying an additional 22,518 shares during the last quarter. Finally, Boston Partners bought a new stake in United Financial Bancorp during the first quarter worth approximately $10,468,000. Institutional investors own 64.13% of the company’s stock.
United Financial Bancorp Inc (UBNK) traded down 1.51% during midday trading on Friday, reaching $16.96. The company had a trading volume of 30,095 shares. The stock has a market capitalization of $851.92 million, a PE ratio of 14.63 and a beta of 0.65. The company has a 50-day moving average of $17.44 and a 200-day moving average of $17.30. United Financial Bancorp Inc has a 12-month low of $13.22 and a 12-month high of $18.66.
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, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.06. United Financial Bancorp had a return on equity of 9.66% and a net margin of 29.03%. The company had revenue of $55.80 million for the quarter, compared to analyst estimates of $54.22 million. During the same period in the previous year, the company posted $0.20 earnings per share. On average, analysts predict that United Financial Bancorp Inc will post $1.18 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Friday, July 28th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Wednesday, July 26th. United Financial Bancorp’s dividend payout ratio (DPR) is 41.38%.
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A number of research firms recently commented on UBNK. BidaskClub raised United Financial Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Piper Jaffray Companies reissued a “hold” rating and issued a $17.00 price target on shares of United Financial Bancorp in a research report on Friday, July 14th. ValuEngine raised United Financial Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, May 31st. Finally, Keefe, Bruyette & Woods raised United Financial Bancorp from a “market perform” rating to an “outperform” rating and increased their price target for the company from $18.50 to $20.00 in a research report on Thursday, April 20th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $17.33.
In other United Financial Bancorp news, Director Michael A. Bars sold 2,350 shares of the business’s stock in a transaction 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 sale, the director now directly owns 64,821 shares of the company’s stock, valued at $1,178,445.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William Hw Iv Crawford sold 17,000 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $18.14, for a total value of $308,380.00. The disclosure for this sale can be found here. Insiders own 3.49% of the company’s stock.
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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