United Financial Bancorp Inc (NASDAQ:UBNK) Short Interest Update

United Financial Bancorp Inc (NASDAQ:UBNK) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totalling 574,500 shares, a growth of 38.8% from the May 30th total of 413,900 shares. Based on an average daily trading volume, of 209,200 shares, the days-to-cover ratio is presently 2.7 days. Approximately 1.2% of the shares of the stock are sold short.

Several hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers raised its position in shares of United Financial Bancorp by 42.1% during the 4th quarter. Rhumbline Advisers now owns 73,867 shares of the bank’s stock valued at $1,086,000 after acquiring an additional 21,872 shares during the last quarter. BlackRock Inc. raised its position in shares of United Financial Bancorp by 3.6% during the 4th quarter. BlackRock Inc. now owns 3,984,825 shares of the bank’s stock valued at $58,577,000 after acquiring an additional 139,023 shares during the last quarter. Bessemer Group Inc. raised its position in shares of United Financial Bancorp by 116.6% during the 4th quarter. Bessemer Group Inc. now owns 99,400 shares of the bank’s stock valued at $1,461,000 after acquiring an additional 53,500 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of United Financial Bancorp by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,272,910 shares of the bank’s stock valued at $62,812,000 after acquiring an additional 59,156 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of United Financial Bancorp by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 595,009 shares of the bank’s stock valued at $8,746,000 after acquiring an additional 44,328 shares during the last quarter. 68.10% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on the stock. BidaskClub raised shares of Xilinx from a “hold” rating to a “buy” rating in a report on Saturday, June 29th. Zacks Investment Research downgraded shares of CGI from a “buy” rating to a “hold” rating in a report on Wednesday, June 19th. Sandler O’Neill downgraded shares of United Financial Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, April 17th. Finally, ValuEngine downgraded shares of Acceleron Pharma from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th.

Shares of UBNK stock traded up $0.14 during mid-day trading on Friday, hitting $14.11. The company had a trading volume of 78,382 shares, compared to its average volume of 133,281. United Financial Bancorp has a 52-week low of $12.82 and a 52-week high of $18.20. The company has a 50 day simple moving average of $13.61. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $721.43 million, a P/E ratio of 12.71 and a beta of 0.70.

United Financial Bancorp (NASDAQ:UBNK) last released its earnings results on Tuesday, April 16th. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.03). United Financial Bancorp had a return on equity of 7.86% and a net margin of 17.79%. The company had revenue of $55.92 million during the quarter, compared to analysts’ expectations of $56.60 million. As a group, equities analysts expect that United Financial Bancorp will post 1.02 earnings per share for the current year.

About United Financial Bancorp

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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