United Community Financial (NASDAQ:UCFC) Rating Lowered to Sell at Zacks Investment Research

United Community Financial (NASDAQ:UCFC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Friday, Zacks.com reports.

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 equities analysts have also recently commented on UCFC. Raymond James cut shares of United Community Financial from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 11th. ValuEngine raised shares of United Community Financial from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, BidaskClub cut shares of United Community Financial from a “buy” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $11.00.

UCFC stock traded up $0.01 during mid-day trading on Friday, hitting $11.26. 69,200 shares of the company were exchanged, compared to its average volume of 127,315. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.00 and a current ratio of 1.14. The firm’s 50 day simple moving average is $11.05 and its 200 day simple moving average is $9.97. United Community Financial has a 1-year low of $8.49 and a 1-year high of $11.94. The firm has a market cap of $541.26 million, a P/E ratio of 15.22 and a beta of 0.53.

United Community Financial (NASDAQ:UCFC) last released its quarterly earnings data on Wednesday, October 23rd. The savings and loans company reported $0.22 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.22. United Community Financial had a net margin of 27.17% and a return on equity of 12.36%. The firm had revenue of $28.60 million during the quarter, compared to analysts’ expectations of $29.25 million. On average, equities research analysts predict that United Community Financial will post 0.82 EPS for the current fiscal year.

In other news, CFO Timothy Esson sold 4,000 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $10.87, for a total value of $43,480.00. Following the completion of the sale, the chief financial officer now owns 71,864 shares of the company’s stock, valued at $781,161.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in UCFC. AdvisorNet Financial Inc bought a new stake in shares of United Community Financial in the third quarter valued at about $41,000. Aperio Group LLC bought a new stake in shares of United Community Financial in the second quarter valued at about $54,000. Meeder Asset Management Inc. boosted its position in shares of United Community Financial by 840.4% in the third quarter. Meeder Asset Management Inc. now owns 5,069 shares of the savings and loans company’s stock valued at $54,000 after acquiring an additional 4,530 shares during the period. Paloma Partners Management Co bought a new stake in shares of United Community Financial in the second quarter valued at about $100,000. Finally, SG Americas Securities LLC acquired a new position in United Community Financial in the third quarter valued at about $130,000. 63.49% of the stock is owned by institutional investors.

United Community Financial Company Profile

United Community Financial Corp. operates as the holding company for Home Savings Bank that provides consumer and business banking services. The company offers various deposit instruments, including checking accounts, regular savings accounts, money market accounts, individual retirement accounts, and certificates of deposit.

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