United Community Financial (NASDAQ:UCFC) Downgraded by BidaskClub

BidaskClub lowered shares of United Community Financial (NASDAQ:UCFC) from a buy rating to a hold rating in a report issued on Wednesday morning, BidAskClub reports.

UCFC has been the topic of several other research reports. Raymond James cut United Community Financial from an outperform rating to a market perform rating in a report on Wednesday, September 11th. Zacks Investment Research raised United Community Financial from a hold rating to a buy rating and set a $11.00 price target on the stock in a report on Friday, September 13th. Finally, ValuEngine raised United Community Financial from a sell rating to a hold rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $11.00.

NASDAQ:UCFC traded up $0.01 during mid-day trading on Wednesday, reaching $11.26. The stock had a trading volume of 69,200 shares, compared to its average volume of 127,315. The company has a market capitalization of $541.26 million, a price-to-earnings ratio of 15.22 and a beta of 0.53. United Community Financial has a 1-year low of $8.49 and a 1-year high of $11.94. The stock’s 50 day simple moving average is $11.05 and its two-hundred day simple moving average is $9.97. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.14 and a quick ratio of 1.00.

United Community Financial (NASDAQ:UCFC) last posted its quarterly earnings results on Wednesday, October 23rd. The savings and loans company reported $0.22 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.22. The company had revenue of $28.60 million for the quarter, compared to analysts’ expectations of $29.25 million. United Community Financial had a return on equity of 12.36% and a net margin of 27.17%. Sell-side analysts anticipate that United Community Financial will post 0.82 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.84%. This is a boost from United Community Financial’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, October 31st. United Community Financial’s payout ratio is presently 43.24%.

In other United Community Financial news, CFO Timothy Esson sold 4,000 shares of United Community Financial stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $10.87, for a total transaction of $43,480.00. Following the transaction, the chief financial officer now directly owns 71,864 shares in the company, valued at approximately $781,161.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of UCFC. Nuveen Asset Management LLC purchased a new position in United Community Financial during the 2nd quarter worth approximately $2,651,000. ARP Americas LP purchased a new position in United Community Financial during the 3rd quarter worth approximately $1,562,000. Acadian Asset Management LLC grew its position in United Community Financial by 64.5% during the 2nd quarter. Acadian Asset Management LLC now owns 365,355 shares of the savings and loans company’s stock worth $3,498,000 after purchasing an additional 143,274 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in United Community Financial during the 1st quarter worth approximately $1,057,000. Finally, BlackRock Inc. grew its position in United Community Financial by 1.4% during the 2nd quarter. BlackRock Inc. now owns 4,398,772 shares of the savings and loans company’s stock worth $42,096,000 after purchasing an additional 60,317 shares in the last quarter. Hedge funds and other institutional investors own 63.49% of the company’s stock.

About United Community Financial

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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