Brandywine Global Investment Management LLC Buys 18,394 Shares of United Financial Bancorp Inc (UBNK)

Brandywine Global Investment Management LLC increased its stake in shares of United Financial Bancorp Inc (NASDAQ:UBNK) by 12.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 161,694 shares of the bank’s stock after purchasing an additional 18,394 shares during the period. Brandywine Global Investment Management LLC owned 0.32% of United Financial Bancorp worth $2,853,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. raised its holdings in shares of United Financial Bancorp by 1.3% in the 4th quarter. BlackRock Inc. now owns 3,671,006 shares of the bank’s stock valued at $64,756,000 after acquiring an additional 46,402 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of 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 valued at $66,617,000 after acquiring an additional 139,975 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of United Financial Bancorp by 9.9% in the 4th quarter. Renaissance Technologies LLC now owns 1,621,912 shares of the bank’s stock valued at $28,611,000 after acquiring an additional 146,300 shares in the last quarter. Systematic Financial Management LP raised its holdings in shares of United Financial Bancorp by 9.2% in the 4th quarter. Systematic Financial Management LP now owns 1,243,574 shares of the bank’s stock valued at $21,937,000 after acquiring an additional 105,014 shares in the last quarter. Finally, Banc Funds Co. LLC raised its holdings in shares of United Financial Bancorp by 1.7% in the 4th quarter. Banc Funds Co. LLC now owns 615,286 shares of the bank’s stock valued at $10,854,000 after acquiring an additional 10,200 shares in the last quarter. 66.05% of the stock is currently owned by institutional investors and hedge funds.

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UBNK has been the topic of several recent analyst reports. 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 target on United Financial Bancorp and gave the company a “buy” rating in a report on Wednesday, January 24th. Finally, Keefe, Bruyette & Woods cut United Financial Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 7th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. United Financial Bancorp has an average rating of “Hold” and an average target price of $19.33.

UBNK stock opened at $16.30 on Wednesday. The firm has a market capitalization of $840.83, a PE ratio of 15.09 and a beta of 0.69. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 1.69. United Financial Bancorp Inc has a 1-year low of $15.47 and a 1-year high of $19.35.

United Financial Bancorp (NASDAQ:UBNK) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.05). The firm had revenue of $54.20 million for the quarter. United Financial Bancorp had a net margin of 20.25% and a return on equity of 8.41%. research analysts anticipate that United Financial Bancorp Inc will post 1.2 earnings per share for the current year.

In related news, EVP Mark A. Kucia sold 6,583 shares of the firm’s 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 transaction, the executive vice president now directly owns 68,964 shares of the company’s stock, valued at approximately $1,106,182.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.39% 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.

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

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