United Financial Bancorp Inc (UBNK) Position Boosted by Cornercap Investment Counsel Inc.

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.

How to Become a New Pot Stock Millionaire

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.

Several equities analysts have issued reports on UBNK shares. BidaskClub raised United Financial Bancorp from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 16th. Hovde Group reaffirmed a “hold” rating on shares of United Financial Bancorp in a report on Friday, January 26th. Sandler O’Neill set a $20.00 price objective on United Financial Bancorp and gave the stock a “buy” rating in a report on Wednesday, January 24th. Finally, Keefe, Bruyette & Woods lowered United Financial Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $19.33.

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%.

TRADEMARK VIOLATION WARNING: This report was originally reported by Markets Daily and is owned by of Markets Daily. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be viewed at https://www.themarketsdaily.com/2018/03/12/united-financial-bancorp-inc-ubnk-position-boosted-by-cornercap-investment-counsel-inc.html.

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.

Want to see what other hedge funds are holding UBNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Financial Bancorp Inc (NASDAQ:UBNK).

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

Receive News & Ratings for United Financial Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Financial Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply