United Community Financial Corp (NASDAQ:UCFC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.

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. “

Shares of United Community Financial Corp (NASDAQ:UCFC) traded down 1.21% during midday trading on Friday, reaching $8.15. 52,586 shares of the company’s stock traded hands. The firm has a market capitalization of $405.01 million, a P/E ratio of 22.51 and a beta of 0.81. United Community Financial Corp has a 52-week low of $5.60 and a 52-week high of $9.50. The stock’s 50 day moving average price is $8.39 and its 200 day moving average price is $8.47.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 19th. Investors of record on Monday, May 8th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.47%. The ex-dividend date is Thursday, May 4th. United Community Financial Corp’s dividend payout ratio is 30.00%.

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In other United Community Financial Corp news, General Counsel Jude J. Nohra sold 4,500 shares of the stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $8.78, for a total value of $39,510.00. Following the transaction, the general counsel now owns 76,021 shares of the company’s stock, valued at $667,464.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Timothy Esson sold 4,000 shares of the stock in a transaction dated Friday, March 31st. The shares were sold at an average price of $8.48, for a total value of $33,920.00. Following the completion of the transaction, the chief financial officer now directly owns 70,017 shares in the company, valued at approximately $593,744.16. The disclosure for this sale can be found here. 3.88% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. raised its position in United Community Financial Corp by 0.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,620 shares of the savings and loans company’s stock valued at $101,000 after buying an additional 40 shares during the last quarter. Cigna Investments Inc. New bought a new position in United Community Financial Corp during the fourth quarter valued at $102,000. Guggenheim Capital LLC raised its position in United Community Financial Corp by 0.3% in the fourth quarter. Guggenheim Capital LLC now owns 12,976 shares of the savings and loans company’s stock valued at $116,000 after buying an additional 44 shares during the last quarter. Farmers Trust Co. raised its position in United Community Financial Corp by 23.9% in the first quarter. Farmers Trust Co. now owns 14,423 shares of the savings and loans company’s stock valued at $120,000 after buying an additional 2,780 shares during the last quarter. Finally, Envestnet Asset Management Inc. bought a new position in United Community Financial Corp during the fourth quarter valued at $145,000. 60.69% of the stock is currently owned by hedge funds and other institutional investors.

United Community Financial Corp Company Profile

United Community Financial Corp. is financial services holding company. The Company’s subsidiaries include Home Savings, HSB Insurance, LLC and HSB Capital, LLC. Home Savings is a state charted bank. HSB Insurance, LLC is an insurance agency that offers a range of insurance products for business and residential customers, which include, auto, homeowners, life-health, commercial, surety bonds and aviation.

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