United Community Financial (UCFC) Raised to “Hold” at BidaskClub

BidaskClub upgraded shares of United Community Financial (NASDAQ:UCFC) from a sell rating to a hold rating in a report issued on Tuesday morning.

Several other equities research analysts have also recently issued reports on UCFC. Zacks Investment Research raised United Community Financial from a hold rating to a buy rating and set a $10.00 target price on the stock in a report on Saturday, January 6th. Boenning Scattergood reaffirmed a hold rating on shares of United Community Financial in a report on Wednesday, January 24th. 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 stock. The company currently has an average rating of Hold and an average price target of $10.33.

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Shares of United Community Financial (NASDAQ UCFC) opened at $9.80 on Tuesday. United Community Financial has a twelve month low of $7.81 and a twelve month high of $10.23. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.01. The stock has a market capitalization of $486.55, a PE ratio of 17.14 and a beta of 0.54.

United Community Financial (NASDAQ:UCFC) last issued its earnings results on Tuesday, January 23rd. The savings and loans company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. United Community Financial had a return on equity of 9.99% and a net margin of 18.34%. The firm had revenue of $27.34 million for the quarter, compared to analysts’ expectations of $26.98 million. research analysts anticipate that United Community Financial will post 0.72 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 2nd were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.45%. This is a boost from United Community Financial’s previous quarterly dividend of $0.04. The ex-dividend date was Thursday, February 1st. United Community Financial’s payout ratio is 55.81%.

In other news, EVP Matthew T. Garrity sold 35,000 shares of United Community Financial stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $9.47, for a total value of $331,450.00. Following the sale, the executive vice president now directly owns 43,993 shares of the company’s stock, valued at $416,613.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 36,200 shares of company stock worth $342,896 over the last ninety days. Insiders own 3.56% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. MetLife Investment Advisors LLC purchased a new position in United Community Financial in the fourth quarter worth about $222,000. Municipal Employees Retirement System of Michigan purchased a new position in United Community Financial in the fourth quarter worth about $886,000. Millennium Management LLC grew its position in United Community Financial by 2.5% in the fourth quarter. Millennium Management LLC now owns 302,806 shares of the savings and loans company’s stock worth $2,765,000 after acquiring an additional 7,270 shares in the last quarter. Goldman Sachs Group Inc. grew its position in United Community Financial by 14.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 88,023 shares of the savings and loans company’s stock worth $803,000 after acquiring an additional 10,831 shares in the last quarter. Finally, Deutsche Bank AG grew its position in United Community Financial by 29.6% in the fourth quarter. Deutsche Bank AG now owns 237,858 shares of the savings and loans company’s stock worth $2,169,000 after acquiring an additional 54,356 shares in the last quarter. 59.49% of the stock is currently owned by hedge funds and other 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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