The Bank of New York Mellon Corp reaches $1,348,000 position of United Community Financial Corp. (UCFC)

The Bank of New York Mellon Corp reaches $1,348,000 position  of United Community Financial Corp. (UCFC)

Bank of New York Mellon Corp raised its position in shares of United Community Financial Corp. (NASDAQ:UCFC) by 6.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 221,856 shares of the company’s stock after buying an additional 12,540 shares during the period. Bank of New York Mellon Corp owned approximately 0.48% of United Community Financial Corp. worth $1,348,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in United Community Financial Corp. by 0.7% in the first quarter. Geode Capital Management LLC now owns 364,932 shares of the company’s stock worth $2,142,000 after buying an additional 2,476 shares in the last quarter. Foundry Partners LLC boosted its position in United Community Financial Corp. by 0.3% in the second quarter. Foundry Partners LLC now owns 559,990 shares of the company’s stock worth $3,405,000 after buying an additional 1,725 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV boosted its position in United Community Financial Corp. by 0.9% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 107,274 shares of the company’s stock worth $652,000 after buying an additional 1,000 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in United Community Financial Corp. by 0.3% in the second quarter. Sequoia Financial Advisors LLC now owns 240,365 shares of the company’s stock worth $1,461,000 after buying an additional 679 shares in the last quarter. 60.12% of the stock is currently owned by hedge funds and other institutional investors.

United Community Financial Corp. (NASDAQ:UCFC) traded up 0.14% during mid-day trading on Wednesday, reaching $7.25. The company’s stock had a trading volume of 27,916 shares. The firm has a market capitalization of $337.12 million, a price-to-earnings ratio of 20.14 and a beta of 0.39. The company’s 50-day moving average price is $6.93 and its 200 day moving average price is $6.32. United Community Financial Corp. has a 52 week low of $4.98 and a 52 week high of $7.38.

United Community Financial Corp. (NASDAQ:UCFC) last released its earnings results on Tuesday, July 19th. The company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.01. United Community Financial Corp. had a net margin of 19.31% and a return on equity of 6.89%. On average, equities analysts forecast that United Community Financial Corp. will post $0.41 earnings per share for the current fiscal year.

UCFC has been the topic of several research analyst reports. Zacks Investment Research raised United Community Financial Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Seaport Global Securities reissued a “buy” rating and issued a $22.00 price objective on shares of United Community Financial Corp. in a research note on Saturday, June 25th. Boenning Scattergood raised United Community Financial Corp. from a “neutral” rating to an “outperform” rating and set a $7.50 price objective on the stock in a research note on Monday, September 12th. Finally, Keefe, Bruyette & Woods increased their price objective on United Community Financial Corp. from $7.25 to $8.00 and gave the stock an “outperform” rating in a research note on Monday, September 12th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $11.25.

In other United Community Financial Corp. news, CEO Gary M. Small sold 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $6.91, for a total value of $38,005.00. Following the transaction, the chief executive officer now directly owns 115,774 shares of the company’s stock, valued at approximately $799,998.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.88% of the stock is currently owned by company insiders.

United Community Financial Corp. Company Profile

United Community Financial Corp. is a unitary thrift holding company for The Home Savings and Loan Company of Youngstown, Ohio (the Bank). The Bank operates through banking services segment. The Bank conducts its business through over 30 retail banking offices and loan production centers located throughout Ohio and western Pennsylvania.

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