Cornercap Investment Counsel Inc. boosted its holdings in United Financial Bancorp Inc (NASDAQ:UBNK) by 25.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 92,705 shares of the bank’s stock after purchasing an additional 18,865 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in United Financial Bancorp were worth $1,635,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Ameriprise Financial Inc. purchased a new position in United Financial Bancorp in the second quarter valued at $173,000. SG Americas Securities LLC purchased a new position in shares of United Financial Bancorp during the third quarter worth about $217,000. Genesee Valley Trust Co. purchased a new position in shares of United Financial Bancorp during the fourth quarter worth about $226,000. Bailard Inc. purchased a new position in shares of United Financial Bancorp during the fourth quarter worth about $265,000. Finally, Harbor Advisory Corp MA purchased a new position in shares of United Financial Bancorp during the fourth quarter worth about $268,000. 66.22% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Brandon Craig Lorey sold 20,000 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $18.26, for a total transaction of $365,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark A. Kucia sold 6,583 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $16.04, for a total transaction of $105,591.32. Following the sale, the executive vice president now owns 68,964 shares of the company’s stock, valued at approximately $1,106,182.56. The disclosure for this sale can be found here. 3.49% of the stock is currently owned by corporate insiders.
United Financial Bancorp Inc (NASDAQ UBNK) opened at $16.55 on Monday. The stock has a market capitalization of $844.40, a PE ratio of 15.32 and a beta of 0.69. United Financial Bancorp Inc has a twelve month low of $15.47 and a twelve month high of $19.35. The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 1.69.
United Financial Bancorp (NASDAQ:UBNK) last issued its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.05). United Financial Bancorp had a return on equity of 8.41% and a net margin of 20.25%. The firm had revenue of $54.20 million for the quarter. sell-side analysts forecast that United Financial Bancorp Inc will post 1.2 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Friday, February 2nd were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, February 1st. This represents a $0.48 annualized dividend and a dividend yield of 2.90%. United Financial Bancorp’s dividend payout ratio (DPR) is 44.44%.
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United Financial Bancorp Company Profile
United Financial Bancorp, Inc is a bank holding company. The Company, through its subsidiary United Bank (the Bank) and various subsidiaries, delivers financial services to individuals, families and businesses in Connecticut and Massachusetts, including retail, commercial and consumer banking, as well as financial advisory services.
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