New York State Common Retirement Fund cut its holdings in United Financial Bancorp Inc (NASDAQ:UBNK) by 9.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,515 shares of the bank’s stock after selling 6,300 shares during the quarter. New York State Common Retirement Fund owned approximately 0.12% of United Financial Bancorp worth $919,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Ramsey Quantitative Systems lifted its stake in United Financial Bancorp by 62.9% in the fourth quarter. Ramsey Quantitative Systems now owns 4,072 shares of the bank’s stock worth $60,000 after acquiring an additional 1,572 shares during the period. Mutual of America Capital Management LLC lifted its stake in United Financial Bancorp by 3.4% in the third quarter. Mutual of America Capital Management LLC now owns 100,858 shares of the bank’s stock worth $1,697,000 after acquiring an additional 3,342 shares during the period. AQR Capital Management LLC lifted its stake in United Financial Bancorp by 9.9% in the third quarter. AQR Capital Management LLC now owns 37,682 shares of the bank’s stock worth $634,000 after acquiring an additional 3,390 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in United Financial Bancorp by 9.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 45,294 shares of the bank’s stock worth $666,000 after acquiring an additional 4,036 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in United Financial Bancorp by 1.2% in the third quarter. Bank of New York Mellon Corp now owns 364,904 shares of the bank’s stock worth $6,141,000 after acquiring an additional 4,292 shares during the period. 69.42% of the stock is owned by institutional investors.
In related news, Director Kevin E. Ross sold 5,636 shares of the stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $15.59, for a total value of $87,865.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Brandon Craig Lorey sold 14,137 shares of the stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $16.11, for a total transaction of $227,747.07. The disclosure for this sale can be found here. Insiders sold a total of 24,313 shares of company stock valued at $388,843 over the last ninety days. 3.04% of the stock is currently owned by insiders.
United Financial Bancorp (NASDAQ:UBNK) last announced its quarterly earnings data on Tuesday, April 16th. The bank reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.03). The company had revenue of $55.92 million during the quarter, compared to analysts’ expectations of $56.60 million. United Financial Bancorp had a net margin of 17.79% and a return on equity of 7.90%. As a group, research analysts anticipate that United Financial Bancorp Inc will post 1.02 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, April 26th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Thursday, April 25th. United Financial Bancorp’s payout ratio is currently 41.03%.
Several analysts have commented on UBNK shares. Zacks Investment Research lowered shares of United Financial Bancorp from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 26th. BidaskClub lowered shares of United Financial Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Sandler O’Neill lowered shares of United Financial Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, ValuEngine lowered shares of United Financial Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday.
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United Financial Bancorp Profile
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 and non-interest-bearing checking, regular savings, money market savings, and time deposits.
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