Webster Bank N. A. adds United Financial Bancorp Inc (UBNK) to its portfolio

United Financial Bancorp Inc (UBNK) : Webster Bank N. A. added new position in United Financial Bancorp Inc during the most recent quarter end. The investment management firm now holds 22,125 shares of United Financial Bancorp Inc which is valued at $302,670 , the company said in a statement filed on Oct 14, 2016 with the SEC.United Financial Bancorp Inc makes up approximately 0.04% of Webster Bank N. A.’s portfolio.

Other Hedge Funds, Including , Genesee Valley Trust Co boosted its stake in UBNK in the latest quarter, The investment management firm added 67 additional shares and now holds a total of 10,612 shares of United Financial Bancorp Inc which is valued at $146,339. United Financial Bancorp Inc makes up approx 0.09% of Genesee Valley Trust Co’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in UBNK in the latest quarter, The investment management firm added 1,498 additional shares and now holds a total of 3,453 shares of United Financial Bancorp Inc which is valued at $47,237.

United Financial Bancorp Inc opened for trading at $13.75 and hit $13.75 on the upside on Friday, eventually ending the session at $13.68, with a gain of 0.29% or 0.04 points. The heightened volatility saw the trading volume jump to 54,192 shares. Company has a market cap of $688 M.

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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