United Financial Bancorp Inc (NASDAQ:UBNK) Holdings Cut by American International Group Inc.

American International Group Inc. lowered its holdings in shares of United Financial Bancorp Inc (NASDAQ:UBNK) by 3.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,346 shares of the bank’s stock after selling 1,047 shares during the quarter. American International Group Inc.’s holdings in United Financial Bancorp were worth $464,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Ramsey Quantitative Systems boosted its position in United Financial Bancorp by 62.9% during the fourth quarter. Ramsey Quantitative Systems now owns 4,072 shares of the bank’s stock worth $60,000 after purchasing an additional 1,572 shares in the last quarter. Legal & General Group Plc boosted its position in United Financial Bancorp by 9.8% during the fourth quarter. Legal & General Group Plc now owns 9,041 shares of the bank’s stock worth $133,000 after purchasing an additional 809 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in United Financial Bancorp by 295.8% during the first quarter. BNP Paribas Arbitrage SA now owns 10,559 shares of the bank’s stock worth $152,000 after purchasing an additional 7,891 shares in the last quarter. Financial Gravity Wealth Inc. purchased a new position in United Financial Bancorp during the first quarter worth approximately $180,000. Finally, SG Americas Securities LLC purchased a new position in United Financial Bancorp during the first quarter worth approximately $195,000. Institutional investors own 68.12% of the company’s stock.

A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded United Financial Bancorp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 27th. BidaskClub upgraded United Financial Bancorp from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 30th. ValuEngine downgraded United Financial Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th. Finally, Sandler O’Neill downgraded United Financial Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th.

NASDAQ UBNK opened at $13.60 on Friday. The company has a market capitalization of $695.35 million, a PE ratio of 11.62 and a beta of 0.66. United Financial Bancorp Inc has a 1-year low of $12.82 and a 1-year high of $18.33. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24.

United Financial Bancorp (NASDAQ:UBNK) last released its earnings results on Tuesday, April 16th. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.03). The firm 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 7.86%. On average, research analysts predict that United Financial Bancorp Inc will post 1.02 earnings per share for the current fiscal year.

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United Financial Bancorp Company 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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Institutional Ownership by Quarter for United Financial Bancorp (NASDAQ:UBNK)

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