Mendon Capital Advisors Corp buys $12,554,559 stake in United Financial Bancorp Inc (UBNK)

United Financial Bancorp Inc (UBNK) : Mendon Capital Advisors Corp scooped up 89,160 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 Aug 3, 2016. The investment management firm now holds a total of 950,383 shares of United Financial Bancorp Inc which is valued at $12,554,559.United Financial Bancorp Inc makes up approximately 2.28% of Mendon Capital Advisors Corp’s portfolio.

Other Hedge Funds, Including , Genesee Valley Trust Co added UBNK to its portfolio by purchasing 10,545 company shares during the most recent quarter which is valued at $139,194. United Financial Bancorp Inc makes up approx 0.09% of Genesee Valley Trust Co’s portfolio.Strs Ohio boosted its stake in UBNK in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 58,000 shares of United Financial Bancorp Inc which is valued at $765,600. Bnp Paribas Arbitrage Sa added UBNK to its portfolio by purchasing 1,955 company shares during the most recent quarter which is valued at $25,806.

United Financial Bancorp Inc closed down -0.07 points or -0.52% at $13.42 with 71,964 shares getting traded on Monday. Post opening the session at $13.48, the shares hit an intraday low of $13.38 and an intraday high of $13.54 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, United Financial Bancorp Inc reported $0.20 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Jul 19, 2016. Analyst had a consensus of $0.25. The company had revenue of $48.03 million for the quarter, compared to analysts expectations of $51.32 million. The company’s revenue was down -4.2 % 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. Hovde Group Downgraded United Financial Bancorp Inc on Jul 20, 2016 to ” Market Perform”, Price Target of the shares are set at $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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