United Financial Bancorp Inc (NASDAQ:UBNK) Shares Sold by Prudential Financial Inc.

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Prudential Financial Inc. lessened its stake in United Financial Bancorp Inc (NASDAQ:UBNK) by 3.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 362,248 shares of the bank’s stock after selling 14,040 shares during the period. Prudential Financial Inc. owned about 0.71% of United Financial Bancorp worth $5,137,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of United Financial Bancorp by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,272,910 shares of the bank’s stock worth $62,812,000 after acquiring an additional 59,156 shares in the last quarter. Castine Capital Management LLC raised its holdings in shares of United Financial Bancorp by 79.3% in the first quarter. Castine Capital Management LLC now owns 1,746,000 shares of the bank’s stock valued at $25,055,000 after buying an additional 772,038 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of United Financial Bancorp by 88.7% in the second quarter. Acadian Asset Management LLC now owns 317,296 shares of the bank’s stock valued at $4,498,000 after buying an additional 149,140 shares during the last quarter. Hennessy Advisors Inc. raised its holdings in shares of United Financial Bancorp by 25.0% in the second quarter. Hennessy Advisors Inc. now owns 275,000 shares of the bank’s stock valued at $3,900,000 after buying an additional 55,000 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of United Financial Bancorp by 20.1% in the first quarter. Victory Capital Management Inc. now owns 133,750 shares of the bank’s stock valued at $1,919,000 after buying an additional 22,400 shares during the last quarter. Hedge funds and other institutional investors own 68.86% of the company’s stock.

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

Shares of United Financial Bancorp stock traded up $0.25 on Friday, reaching $14.27. 42,350 shares of the stock were exchanged, compared to its average volume of 290,024. United Financial Bancorp Inc has a 1-year low of $12.01 and a 1-year high of $17.56. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.13. The business has a fifty day moving average price of $13.06 and a two-hundred day moving average price of $13.80. The firm has a market capitalization of $696.61 million, a PE ratio of 12.19 and a beta of 0.75.

United Financial Bancorp (NASDAQ:UBNK) last issued its quarterly earnings results on Tuesday, July 16th. The bank reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). United Financial Bancorp had a return on equity of 7.28% and a net margin of 11.92%. The firm had revenue of $47.85 million for the quarter, compared to analyst estimates of $55.90 million.

UBNK has been the subject of a number of research reports. TheStreet cut shares of United Financial Bancorp from a “b-” rating to a “c” rating in a report on Wednesday, July 17th. BidaskClub raised shares of United Financial Bancorp from a “sell” rating to a “hold” rating in a report on Thursday. Sandler O’Neill raised shares of United Financial Bancorp from a “hold” rating to a “buy” rating and upped their target price for the company from $15.00 to $16.50 in a report on Wednesday, July 17th. ValuEngine raised shares of United Financial Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Zacks Investment Research raised shares of United Financial Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, June 19th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $16.50.

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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