United Financial Bancorp Inc (NASDAQ:UBNK) Position Reduced by Systematic Financial Management LP

Systematic Financial Management LP cut its position in shares of United Financial Bancorp Inc (NASDAQ:UBNK) by 6.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,366,080 shares of the bank’s stock after selling 97,469 shares during the period. United Financial Bancorp comprises 0.8% of Systematic Financial Management LP’s holdings, making the stock its 27th largest position. Systematic Financial Management LP’s holdings in United Financial Bancorp were worth $19,371,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc increased its holdings in United Financial Bancorp by 9.8% in the fourth quarter. Legal & General Group Plc now owns 9,041 shares of the bank’s stock worth $133,000 after buying an additional 809 shares during the last quarter. Strs Ohio increased its holdings in United Financial Bancorp by 3.2% in the second quarter. Strs Ohio now owns 51,200 shares of the bank’s stock worth $726,000 after buying an additional 1,600 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in United Financial Bancorp by 5.7% in the second quarter. Commonwealth Equity Services LLC now owns 54,002 shares of the bank’s stock worth $765,000 after buying an additional 2,908 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in United Financial Bancorp by 295.8% in the first quarter. BNP Paribas Arbitrage SA now owns 10,559 shares of the bank’s stock worth $152,000 after buying an additional 7,891 shares during the last quarter. Finally, Brinker Capital Inc. increased its holdings in United Financial Bancorp by 18.1% in the first quarter. Brinker Capital Inc. now owns 61,076 shares of the bank’s stock worth $876,000 after buying an additional 9,361 shares during the last quarter. 67.78% of the stock is owned by institutional investors.

In other news, Director Paula A. Aiello sold 13,808 shares of the stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $14.10, for a total value of $194,692.80. Following the completion of the sale, the director now directly owns 34,276 shares of the company’s stock, valued at $483,291.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William Hw Iv Crawford sold 15,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $14.34, for a total value of $215,100.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,806 shares of company stock worth $1,041,670. Corporate insiders own 3.04% of the company’s stock.

UBNK stock traded down $0.17 during midday trading on Wednesday, hitting $12.95. 253,302 shares of the company traded hands, compared to its average volume of 1,075,038. United Financial Bancorp Inc has a twelve month low of $12.81 and a twelve month high of $18.09. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.24. The firm’s 50 day simple moving average is $13.96. The company has a market cap of $683.08 million, a PE ratio of 11.07 and a beta of 0.68.

United Financial Bancorp (NASDAQ:UBNK) last announced its quarterly earnings results on Tuesday, July 16th. The bank reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.02). United Financial Bancorp had a net margin of 11.92% and a return on equity of 7.30%. The company had revenue of $47.85 million for the quarter, compared to analyst estimates of $55.90 million. Research analysts anticipate that United Financial Bancorp Inc will post 1.02 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Friday, July 26th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, July 25th. This represents a $0.48 annualized dividend and a yield of 3.71%. United Financial Bancorp’s dividend payout ratio (DPR) is presently 41.03%.

A number of equities analysts recently commented on UBNK shares. Sandler O’Neill upgraded United Financial Bancorp from a “hold” rating to a “buy” rating and increased their price objective for the stock from $15.00 to $16.50 in a report on Wednesday, July 17th. ValuEngine downgraded United Financial Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. BidaskClub upgraded United Financial Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, June 29th. Zacks Investment Research upgraded United Financial Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, June 19th. Finally, TheStreet downgraded United Financial Bancorp from a “b-” rating to a “c” rating in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. United Financial Bancorp currently has a consensus rating of “Hold” and a consensus price target of $16.50.

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

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