United Community Financial (NASDAQ:UCFC) Downgraded by Zacks Investment Research

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

Other analysts have also recently issued reports about the stock. ValuEngine raised shares of United Community Financial from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. BidaskClub cut shares of United Community Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 1st. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of United Community Financial in a report on Wednesday, April 17th.

UCFC stock traded up $0.01 during midday trading on Friday, reaching $9.46. 3,205 shares of the company’s stock traded hands, compared to its average volume of 78,853. United Community Financial has a 52-week low of $8.49 and a 52-week high of $11.98. The stock has a market cap of $458.18 million, a P/E ratio of 12.78 and a beta of 0.50. The company has a current ratio of 1.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.65.

United Community Financial (NASDAQ:UCFC) last announced its earnings results on Tuesday, April 16th. The savings and loans company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.02). United Community Financial had a net margin of 27.09% and a return on equity of 12.11%. The business had revenue of $28.26 million for the quarter, compared to analysts’ expectations of $28.00 million. As a group, equities analysts forecast that United Community Financial will post 0.81 earnings per share for the current year.

In other news, Director Richard J. Schiraldi sold 16,369 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $9.26, for a total value of $151,576.94. Following the completion of the sale, the director now directly owns 5,751 shares of the company’s stock, valued at $53,254.26. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.20% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC grew its position in shares of United Community Financial by 297.5% in the 1st quarter. Acadian Asset Management LLC now owns 222,081 shares of the savings and loans company’s stock worth $2,076,000 after buying an additional 166,217 shares during the last quarter. AJO LP acquired a new position in shares of United Community Financial in the 1st quarter valued at $1,101,000. Martingale Asset Management L P increased its holdings in United Community Financial by 40.6% in the 4th quarter. Martingale Asset Management L P now owns 327,022 shares of the savings and loans company’s stock worth $2,895,000 after acquiring an additional 94,401 shares in the last quarter. Oxford Asset Management LLP increased its holdings in United Community Financial by 116.6% in the 1st quarter. Oxford Asset Management LLP now owns 162,381 shares of the savings and loans company’s stock worth $1,518,000 after acquiring an additional 87,401 shares in the last quarter. Finally, IndexIQ Advisors LLC purchased a new stake in United Community Financial in the 1st quarter worth $697,000. Institutional investors and hedge funds own 63.48% of the company’s stock.

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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