Maltese Capital Management LLC lowered its holdings in United Financial Bancorp Inc (NASDAQ:UBNK) by 10.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 466,200 shares of the bank’s stock after selling 51,708 shares during the period. Maltese Capital Management LLC owned about 0.92% of United Financial Bancorp worth $8,527,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Allianz Asset Management GmbH bought a new position in shares of United Financial Bancorp in the 3rd quarter valued at about $960,000. Stifel Financial Corp acquired a new stake in United Financial Bancorp in the 3rd quarter worth about $1,708,000. Dimensional Fund Advisors LP raised its stake in United Financial Bancorp by 4.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,642,263 shares of the bank’s stock worth $66,617,000 after purchasing an additional 139,975 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in United Financial Bancorp by 5.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 238,187 shares of the bank’s stock worth $4,357,000 after purchasing an additional 12,292 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of United Financial Bancorp by 106.9% in the 3rd quarter. Wells Fargo & Company MN now owns 86,869 shares of the bank’s stock valued at $1,589,000 after buying an additional 44,883 shares in the last quarter. 64.58% of the stock is owned by institutional investors and hedge funds.
United Financial Bancorp Inc (NASDAQ UBNK) traded down $0.10 during trading on Friday, hitting $17.64. 171,030 shares of the company were exchanged, compared to its average volume of 98,846. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 1.56. United Financial Bancorp Inc has a 52 week low of $15.75 and a 52 week high of $19.35. The firm has a market cap of $902.10, a P/E ratio of 14.95 and a beta of 0.72.
UBNK has been the subject of several analyst reports. BidaskClub cut shares of United Financial Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, December 13th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $21.00 target price on shares of United Financial Bancorp in a report on Tuesday, October 3rd.
In related news, EVP Brandon Craig Lorey sold 20,000 shares of United Financial Bancorp stock in a transaction on Monday, December 18th. The shares were sold at an average price of $18.26, for a total value of $365,200.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO William Hw Iv Crawford sold 6,500 shares of United Financial Bancorp stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $18.41, for a total transaction of $119,665.00. The disclosure for this sale can be found here. Company insiders own 3.49% of the company’s stock.
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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