United Community Financial (UCFC) Raised to Strong-Buy at BidaskClub

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BidaskClub upgraded shares of United Community Financial (NASDAQ:UCFC) from a buy rating to a strong-buy rating in a report released on Thursday.

Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of United Community Financial from a hold rating to a buy rating and set a $12.00 price objective for the company in a report on Wednesday, June 6th. ValuEngine raised shares of United Community Financial from a hold rating to a buy rating in a report on Monday, April 2nd. Finally, Raymond James started coverage on shares of United Community Financial in a report on Thursday, May 31st. They issued an outperform rating and a $12.00 price objective for the company. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $11.25.

United Community Financial opened at $11.34 on Thursday, according to MarketBeat.com. The company has a market capitalization of $564.01 million, a P/E ratio of 19.89 and a beta of 0.42. United Community Financial has a 12 month low of $7.81 and a 12 month high of $11.59. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 0.99.

United Community Financial (NASDAQ:UCFC) last released its quarterly earnings data on Wednesday, April 18th. The savings and loans company reported $0.17 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. The company had revenue of $27.35 million during the quarter, compared to the consensus estimate of $27.31 million. United Community Financial had a net margin of 23.20% and a return on equity of 11.04%. equities analysts expect that United Community Financial will post 0.74 earnings per share for the current year.

In other United Community Financial news, EVP Matthew T. Garrity sold 5,000 shares of the firm’s stock in a transaction on Tuesday, June 19th. The shares were sold at an average price of $11.32, for a total value of $56,600.00. Following the completion of the transaction, the executive vice president now directly owns 68,992 shares of the company’s stock, valued at approximately $780,989.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Jude J. Nohra sold 6,371 shares of the firm’s stock in a transaction on Wednesday, May 9th. The shares were sold at an average price of $10.45, for a total transaction of $66,576.95. Following the completion of the transaction, the general counsel now directly owns 29,978 shares of the company’s stock, valued at $313,270.10. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in UCFC. EJF Capital LLC bought a new position in United Community Financial in the 1st quarter valued at $2,958,000. LSV Asset Management boosted its holdings in United Community Financial by 100.9% in the 1st quarter. LSV Asset Management now owns 517,913 shares of the savings and loans company’s stock valued at $5,106,000 after purchasing an additional 260,056 shares during the period. Maltese Capital Management LLC boosted its holdings in United Community Financial by 16.3% in the 1st quarter. Maltese Capital Management LLC now owns 1,357,964 shares of the savings and loans company’s stock valued at $13,390,000 after purchasing an additional 190,805 shares during the period. Hillsdale Investment Management Inc. bought a new position in United Community Financial in the 1st quarter valued at $1,290,000. Finally, Municipal Employees Retirement System of Michigan bought a new position in United Community Financial in the 4th quarter valued at $886,000. 59.63% of the stock is owned by hedge funds and other 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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