Clover Partners buys $14,673,243 stake in United Financial Bancorp Inc (UBNK)

United Financial Bancorp Inc (UBNK) : Clover Partners scooped up 110,390 additional shares in United Financial Bancorp Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 892,533 shares of United Financial Bancorp Inc which is valued at $14,673,243.United Financial Bancorp Inc makes up approximately 5.80% of Clover Partners’s portfolio.

Other Hedge Funds, Including , D. E. Shaw reduced its stake in UBNK by selling 7,160 shares or 7.38% in the most recent quarter. The Hedge Fund company now holds 89,834 shares of UBNK which is valued at $1,477,769.New York State Common Retirement Fund reduced its stake in UBNK by selling 10,500 shares or 17.8% in the most recent quarter. The Hedge Fund company now holds 48,500 shares of UBNK which is valued at $718,770.Blackrock Investment Management reduced its stake in UBNK by selling 621 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 213,963 shares of UBNK which is valued at $3,170,932. Howe Rusling Inc added UBNK to its portfolio by purchasing 215 company shares during the most recent quarter which is valued at $2,941.

United Financial Bancorp Inc opened for trading at $16.47 and hit $16.51 on the upside on Monday, eventually ending the session at $16.43, with a gain of 0.24% or 0.04 points. The heightened volatility saw the trading volume jump to 2,61,797 shares. Company has a market cap of $830 M.

On the company’s financial health, United Financial Bancorp Inc reported $0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 18, 2016. Analyst had a consensus of $0.22. The company had revenue of $50.92 million for the quarter, compared to analysts expectations of $50.13 million. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on United Financial Bancorp Inc. Company shares were Reiterated by Hovde Group on Oct 20, 2016 to “Market Perform”, Firm has raised the Price Target to $ 15 from a previous price target of $14 .

United Financial Bancorp Inc. (United) formerly Rockville Financial Inc. is a bank holding company. The Company through United Bank delivers financial services to individuals families and businesses throughout Connecticut and central and western Massachusetts through 56 banking offices its commercial loan and mortgage loan production offices 67 automated teller machines (ATMs) telephone banking mobile banking and its Internet Website www.bankatunited.com. In addition to the Merger the Company operates two branch locations in North Haven Connecticut and East Hartford Connecticut. It operates in suburban market areas. Its retail banking and lending offices are located in Connecticut throughout Hartford New Haven New London and Tolland Counties and in Massachusetts in West Springfield Greater Springfield and Worcester regions.

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