Stifel Financial Corp Invests $1.71 Million in United Financial Bancorp Inc (UBNK) Stock
Stifel Financial Corp acquired a new stake in United Financial Bancorp Inc (NASDAQ:UBNK) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 93,432 shares of the bank’s stock, valued at approximately $1,708,000. Stifel Financial Corp owned 0.18% of United Financial Bancorp as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its holdings in United Financial Bancorp by 1,702.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,984 shares of the bank’s stock worth $100,000 after acquiring an additional 5,652 shares during the period. Sei Investments Co. grew its holdings in United Financial Bancorp by 71.5% during the 2nd quarter. Sei Investments Co. now owns 6,187 shares of the bank’s stock worth $103,000 after acquiring an additional 2,579 shares during the period. Mark Sheptoff Financial Planning LLC grew its holdings in United Financial Bancorp by 66.1% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 6,573 shares of the bank’s stock worth $110,000 after acquiring an additional 2,615 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new stake in United Financial Bancorp during the 2nd quarter worth about $169,000. Finally, Ameriprise Financial Inc. acquired a new stake in United Financial Bancorp during the 2nd quarter worth about $173,000. Institutional investors and hedge funds own 64.58% of the company’s stock.
Shares of United Financial Bancorp Inc (UBNK) opened at $17.98 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.03 and a quick ratio of 1.02. The company has a market capitalization of $906.18, a PE ratio of 15.37 and a beta of 0.72. United Financial Bancorp Inc has a 12 month low of $15.75 and a 12 month high of $19.35.
United Financial Bancorp (NASDAQ:UBNK) last issued its earnings results on Tuesday, October 17th. The bank reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The company had revenue of $54.84 million during the quarter, compared to the consensus estimate of $56.29 million. United Financial Bancorp had a return on equity of 8.87% and a net margin of 22.67%. During the same period last year, the business posted $0.28 EPS. analysts anticipate that United Financial Bancorp Inc will post 1.16 earnings per share for the current year.
A number of analysts have weighed in on the company. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $21.00 price target on shares of United Financial Bancorp in a report on Tuesday, October 3rd. BidaskClub downgraded United Financial Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, December 7th.
In other news, EVP Brandon Craig Lorey sold 20,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $18.26, for a total value of $365,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William Hw Iv Crawford sold 6,500 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $18.41, for a total value of $119,665.00. The disclosure for this sale can be found here. Company insiders own 3.49% of the company’s stock.
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United Financial Bancorp 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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