Morgan Stanley Raises Position in United Community Financial Corp (NASDAQ:UCFC)

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Morgan Stanley grew its holdings in shares of United Community Financial Corp (NASDAQ:UCFC) by 221.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,464 shares of the savings and loans company’s stock after purchasing an additional 40,296 shares during the period. Morgan Stanley owned approximately 0.12% of United Community Financial worth $560,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Aperio Group LLC acquired a new position in shares of United Community Financial in the 2nd quarter valued at $54,000. Paloma Partners Management Co acquired a new position in shares of United Community Financial in the 2nd quarter valued at $100,000. Municipal Employees Retirement System of Michigan acquired a new position in shares of United Community Financial in the 2nd quarter valued at $437,000. Jacobs Levy Equity Management Inc. increased its position in shares of United Community Financial by 46.5% in the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 47,401 shares of the savings and loans company’s stock valued at $454,000 after acquiring an additional 15,046 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in shares of United Community Financial by 6.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 57,144 shares of the savings and loans company’s stock valued at $547,000 after acquiring an additional 3,267 shares during the period. Hedge funds and other institutional investors own 63.04% of the company’s stock.

NASDAQ UCFC opened at $11.46 on Friday. The company has a market cap of $558.28 million, a price-to-earnings ratio of 15.49 and a beta of 0.53. United Community Financial Corp has a 1 year low of $8.49 and a 1 year high of $11.94. The stock’s fifty day moving average price is $10.99 and its 200 day moving average price is $9.91. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.00.

United Community Financial (NASDAQ:UCFC) last released its earnings results on Wednesday, October 23rd. The savings and loans company reported $0.22 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.22. United Community Financial had a net margin of 27.17% and a return on equity of 12.49%. The business had revenue of $28.60 million for the quarter, compared to analyst estimates of $29.25 million. Research analysts expect that United Community Financial Corp will post 0.82 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.79%. This is a positive change from United Community Financial’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, October 31st. United Community Financial’s dividend payout ratio (DPR) is 43.24%.

In other United Community Financial news, CFO Timothy Esson sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $10.87, for a total value of $43,480.00. Following the transaction, the chief financial officer now directly owns 71,864 shares of the company’s stock, valued at approximately $781,161.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.20% of the company’s stock.

UCFC has been the topic of several research reports. BidaskClub raised United Community Financial from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Raymond James downgraded United Community Financial from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 11th. ValuEngine raised United Community Financial from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Zacks Investment Research raised United Community Financial from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Friday, September 13th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $11.00.

About United Community Financial

United Community Financial Corp. operates as the holding company for Home Savings Bank that provides consumer and business banking services. The company offers various deposit instruments, including checking accounts, regular savings accounts, money market accounts, individual retirement accounts, and certificates of deposit.

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Institutional Ownership by Quarter for United Community Financial (NASDAQ:UCFC)

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