United Community Financial (NASDAQ:UCFC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.
According to Zacks, “United Community Financial Corporation is a very traditional savings and loan company. While the company intends to remain committed to financing home ownership, it also believes it must gradually expand the types of loan products it offers in order to meet the needs of its market area and to improve profitability. The company began to commit substantial resources to the commercial lending area, which is headed and staffed by individuals with very extensive commercial banking experience. “
UCFC has been the topic of several other reports. ValuEngine lowered United Community Financial from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Boenning Scattergood lowered United Community Financial from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 18th. Finally, BidaskClub lowered United Community Financial from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $10.33.
Shares of United Community Financial (NASDAQ:UCFC) opened at $9.60 on Friday. The company has a market capitalization of $477.79, a PE ratio of 21.33 and a beta of 0.53. United Community Financial has a 1-year low of $7.81 and a 1-year high of $10.23. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 1.13.
In other United Community Financial news, EVP Matthew T. Garrity sold 35,000 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $9.47, for a total transaction of $331,450.00. Following the transaction, the executive vice president now owns 43,993 shares in the company, valued at $416,613.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 36,200 shares of company stock worth $342,896. 3.56% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in United Community Financial by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 3,068,196 shares of the savings and loans company’s stock worth $29,455,000 after purchasing an additional 35,114 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in United Community Financial by 1.9% during the second quarter. The Manufacturers Life Insurance Company now owns 2,546,374 shares of the savings and loans company’s stock worth $21,160,000 after purchasing an additional 46,396 shares in the last quarter. Vanguard Group Inc. boosted its position in United Community Financial by 1.9% during the second quarter. Vanguard Group Inc. now owns 1,867,653 shares of the savings and loans company’s stock worth $15,521,000 after purchasing an additional 35,018 shares in the last quarter. State Street Corp boosted its position in United Community Financial by 14.7% during the second quarter. State Street Corp now owns 847,383 shares of the savings and loans company’s stock worth $7,041,000 after purchasing an additional 108,482 shares in the last quarter. Finally, Northern Trust Corp boosted its position in United Community Financial by 16.2% during the second quarter. Northern Trust Corp now owns 671,255 shares of the savings and loans company’s stock worth $5,578,000 after purchasing an additional 93,550 shares in the last quarter. Institutional investors own 59.63% of the company’s stock.
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United Community Financial Company Profile
United Community Financial Corp. is financial services holding company. The Company’s subsidiaries include The Home Savings and Loan Company of Youngstown, Ohio (Home Savings or the Bank), HSB Insurance, LLC and HSB Capital, LLC. The principal business of Home Savings is the origination of mortgage loans, including construction loans, on residential and nonresidential real estate located in Home Savings’ primary market area.
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