Virtu Financial LLC Buys New Holdings in United Financial Bancorp Inc (NASDAQ:UBNK)

Virtu Financial LLC purchased a new position in United Financial Bancorp Inc (NASDAQ:UBNK) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 27,408 shares of the bank’s stock, valued at approximately $374,000. Virtu Financial LLC owned 0.05% of United Financial Bancorp at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Commonwealth Equity Services LLC lifted its position in United Financial Bancorp by 5.7% in the second quarter. Commonwealth Equity Services LLC now owns 54,002 shares of the bank’s stock valued at $765,000 after buying an additional 2,908 shares during the last quarter. Strs Ohio boosted its holdings in United Financial Bancorp by 3.2% in the second quarter. Strs Ohio now owns 51,200 shares of the bank’s stock valued at $726,000 after acquiring an additional 1,600 shares during the last quarter. First Trust Advisors LP grew its position in United Financial Bancorp by 10.9% during the second quarter. First Trust Advisors LP now owns 48,746 shares of the bank’s stock valued at $691,000 after acquiring an additional 4,796 shares during the period. Aperio Group LLC purchased a new stake in United Financial Bancorp during the second quarter valued at about $281,000. Finally, Swiss National Bank increased its stake in United Financial Bancorp by 2.2% during the second quarter. Swiss National Bank now owns 94,965 shares of the bank’s stock worth $1,347,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors own 69.98% of the company’s stock.

Several analysts have issued reports on UBNK shares. ValuEngine raised shares of United Financial Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, September 11th. BidaskClub upgraded shares of United Financial Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $16.50.

United Financial Bancorp stock opened at $14.12 on Wednesday. United Financial Bancorp Inc has a 1 year low of $12.01 and a 1 year high of $16.72. The firm’s 50-day moving average is $14.20 and its 200-day moving average is $13.65. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.01 and a current ratio of 1.02. The company has a market cap of $718.43 million, a P/E ratio of 12.07 and a beta of 0.77.

United Financial Bancorp (NASDAQ:UBNK) last released its quarterly earnings data on Friday, October 18th. The bank reported $0.27 earnings per share for the quarter. United Financial Bancorp had a net margin of 10.73% and a return on equity of 6.94%. The firm had revenue of $55.57 million for the quarter.

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

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