Zacks Investment Research lowered shares of United Community Financial (NASDAQ:UCFC) from a buy rating to a hold rating in a research note released on Saturday, January 13th.
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. “
A number of other analysts have also recently weighed in on the company. BidaskClub cut United Community Financial from a hold rating to a sell rating in a research report on Tuesday, December 19th. Boenning Scattergood cut United Community Financial from an outperform rating to a neutral rating in a research report on Wednesday, October 18th. Finally, ValuEngine cut United Community Financial from a buy rating to a hold rating in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $10.33.
Shares of United Community Financial (NASDAQ UCFC) opened at $9.77 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.01 and a current ratio of 1.06. The firm has a market cap of $482.77, a price-to-earnings ratio of 21.71 and a beta of 0.53. United Community Financial has a 12-month low of $7.81 and a 12-month high of $10.23.
United Community Financial (NASDAQ:UCFC) last announced its quarterly earnings results on Tuesday, October 17th. The savings and loans company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. United Community Financial had a return on equity of 9.48% and a net margin of 20.00%. research analysts anticipate that United Community Financial will post 0.48 EPS for the current year.
In related 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 value of $331,450.00. Following the completion of the transaction, the executive vice president now directly owns 43,993 shares of the company’s stock, valued at approximately $416,613.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 36,200 shares of company stock valued at $342,896 over the last three months. Corporate insiders own 3.56% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. grew its holdings in United Community Financial by 19.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 112,257 shares of the savings and loans company’s stock worth $1,025,000 after buying an additional 18,657 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in United Community Financial by 1.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,068,196 shares of the savings and loans company’s stock worth $29,455,000 after buying an additional 35,114 shares in the last quarter. Wells Fargo & Company MN grew its holdings in United Community Financial by 36.3% in the 3rd quarter. Wells Fargo & Company MN now owns 60,993 shares of the savings and loans company’s stock worth $585,000 after buying an additional 16,237 shares in the last quarter. Trexquant Investment LP bought a new position in United Community Financial in the 3rd quarter worth approximately $163,000. Finally, Dynamic Technology Lab Private Ltd grew its holdings in United Community Financial by 50.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 21,113 shares of the savings and loans company’s stock worth $203,000 after buying an additional 7,095 shares in the last quarter. 59.63% of the stock is owned by institutional investors and hedge funds.
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About United Community Financial
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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