Zacks Investment Research Downgrades United Community Financial (UCFC) to Hold

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

A number of other research analysts also recently commented on the company. BidaskClub downgraded United Community Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Boenning Scattergood downgraded United Community Financial from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 18th. Finally, ValuEngine downgraded United Community Financial from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $10.33.

Shares of United Community Financial (NASDAQ:UCFC) traded up $0.07 on Friday, reaching $9.77. The company had a trading volume of 60,573 shares, compared to its average volume of 66,491. The company has a market cap of $482.77, a P/E ratio of 21.71 and a beta of 0.53. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.01 and a current ratio of 1.06. United Community Financial has a 52-week low of $7.81 and a 52-week high of $10.23.

United Community Financial (NASDAQ:UCFC) last issued its quarterly earnings data on Tuesday, October 17th. The savings and loans company reported $0.15 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.15. United Community Financial had a return on equity of 9.48% and a net margin of 20.00%. equities analysts predict 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 company’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 43,993 shares in the company, valued at approximately $416,613.71. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders have sold 36,200 shares of company stock valued at $342,896. 3.56% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in UCFC. Schwab Charles Investment Management Inc. grew its stake in shares of United Community Financial by 31.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 93,600 shares of the savings and loans company’s stock worth $778,000 after purchasing an additional 22,500 shares in the last quarter. Rhumbline Advisers grew its stake in shares of United Community Financial by 3.0% in the second quarter. Rhumbline Advisers now owns 62,011 shares of the savings and loans company’s stock worth $515,000 after purchasing an additional 1,811 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of United Community Financial by 5.8% in the second quarter. Bank of New York Mellon Corp now owns 276,669 shares of the savings and loans company’s stock worth $2,299,000 after purchasing an additional 15,088 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of United Community Financial by 38.0% in the second quarter. JPMorgan Chase & Co. now owns 266,924 shares of the savings and loans company’s stock worth $2,218,000 after purchasing an additional 73,475 shares in the last quarter. Finally, Alliancebernstein L.P. bought a new position in shares of United Community Financial in the second quarter worth $251,000. 59.63% of the stock is owned by institutional investors.

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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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