United Community Financial (NASDAQ:UCFC) Upgraded to “Buy” at Zacks Investment Research

United Community Financial (NASDAQ:UCFC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday, January 6th. The brokerage currently has a $10.00 target price on the savings and loans company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 4.17% from the company’s previous close.

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 issued reports about the stock. ValuEngine lowered shares of United Community Financial from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. Boenning Scattergood downgraded shares of United Community Financial from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 18th. Finally, BidaskClub downgraded shares of United Community Financial from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. United Community Financial has an average rating of “Hold” and a consensus price target of $10.33.

United Community Financial (NASDAQ:UCFC) opened at $9.60 on Friday. The stock has a market cap of $477.79, a PE ratio of 21.33 and a beta of 0.53. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.01. United Community Financial has a 12 month low of $7.81 and a 12 month high of $10.23.

United Community Financial (NASDAQ:UCFC) last released its quarterly earnings data on Tuesday, October 17th. The savings and loans company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. United Community Financial had a net margin of 20.00% and a return on equity of 9.48%. analysts anticipate that United Community Financial will post 0.48 earnings per share for the current year.

In other United Community Financial news, EVP Matthew T. Garrity sold 35,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $9.47, for a total transaction of $331,450.00. Following the transaction, the executive vice president now owns 43,993 shares in the company, valued at $416,613.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 36,200 shares of company stock worth $342,896 in the last 90 days. 3.56% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in UCFC. Sei Investments Co. acquired a new position in shares of United Community Financial during the third quarter valued at about $102,000. Virtu KCG Holdings LLC acquired a new stake in shares of United Community Financial during the 2nd quarter worth approximately $103,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of United Community Financial during the 2nd quarter worth approximately $117,000. Trexquant Investment LP acquired a new stake in shares of United Community Financial during the 3rd quarter worth approximately $163,000. Finally, Alliancebernstein L.P. acquired a new stake in shares of United Community Financial during the 2nd quarter worth approximately $251,000. 59.63% of the stock is owned by institutional investors.

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About United Community Financial

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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