United Financial Bancorp Inc (NASDAQ:UBNK) Shares Sold by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC cut its stake in shares of United Financial Bancorp Inc (NASDAQ:UBNK) by 3.4% during the second quarter, HoldingsChannel.com reports. The firm owned 77,080 shares of the bank’s stock after selling 2,678 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in United Financial Bancorp were worth $1,069,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Legal & General Group Plc boosted its position in shares of United Financial Bancorp by 9.8% in the 4th quarter. Legal & General Group Plc now owns 9,041 shares of the bank’s stock worth $133,000 after buying an additional 809 shares in the last quarter. Strs Ohio boosted its position in shares of United Financial Bancorp by 3.2% in the 2nd quarter. Strs Ohio now owns 51,200 shares of the bank’s stock worth $726,000 after buying an additional 1,600 shares in the last quarter. Swiss National Bank boosted its position in shares of United Financial Bancorp by 2.2% in the 2nd quarter. Swiss National Bank now owns 94,965 shares of the bank’s stock worth $1,347,000 after buying an additional 2,000 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of United Financial Bancorp by 5.7% in the 2nd 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 in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of United Financial Bancorp by 10.9% in the 2nd quarter. First Trust Advisors LP now owns 48,746 shares of the bank’s stock worth $691,000 after buying an additional 4,796 shares in the last quarter. 68.40% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently commented on UBNK. Sandler O’Neill upgraded shares of United Financial Bancorp from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $15.00 to $16.50 in a research report on Wednesday, July 17th. BidaskClub lowered shares of United Financial Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday. TheStreet lowered shares of United Financial Bancorp from a “b-” rating to a “c” rating in a research report on Wednesday, July 17th. Finally, Zacks Investment Research upgraded shares of United Financial Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, June 19th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. United Financial Bancorp currently has a consensus rating of “Hold” and a consensus price target of $16.50.

NASDAQ:UBNK traded down $0.39 on Friday, reaching $12.27. The stock had a trading volume of 224,939 shares, compared to its average volume of 423,770. The company has a market cap of $647.59 million, a price-to-earnings ratio of 10.49 and a beta of 0.68. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.02 and a quick ratio of 1.01. The firm’s fifty day moving average is $13.59 and its two-hundred day moving average is $14.07. United Financial Bancorp Inc has a 12-month low of $12.21 and a 12-month high of $18.09.

United Financial Bancorp (NASDAQ:UBNK) last released its earnings results on Tuesday, July 16th. The bank reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.02). The firm had revenue of $47.85 million during the quarter, compared to analysts’ expectations of $55.90 million. United Financial Bancorp had a net margin of 11.92% and a return on equity of 7.28%. As a group, research analysts forecast that United Financial Bancorp Inc will post 1.02 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Friday, July 26th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, July 25th. This represents a $0.48 dividend on an annualized basis and a yield of 3.91%. United Financial Bancorp’s dividend payout ratio (DPR) is 41.03%.

In other United Financial Bancorp news, CEO William Hw Iv Crawford sold 15,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $14.34, for a total value of $215,100.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Brandon Craig Lorey sold 3,372 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $14.50, for a total transaction of $48,894.00. Following the completion of the transaction, the executive vice president now owns 16,409 shares in the company, valued at $237,930.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,806 shares of company stock worth $1,041,670. 3.04% of the stock is owned by insiders.

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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