Wedge Capital Management L L P NC raised its stake in shares of United Community Financial Corp (NASDAQ:UCFC) by 16.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 152,646 shares of the savings and loans company’s stock after acquiring an additional 21,633 shares during the period. Wedge Capital Management L L P NC’s holdings in United Community Financial were worth $1,427,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its holdings in United Community Financial by 424.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,999 shares of the savings and loans company’s stock worth $93,000 after acquiring an additional 8,094 shares during the last quarter. Legal & General Group Plc grew its holdings in United Community Financial by 56.2% during the 4th quarter. Legal & General Group Plc now owns 10,843 shares of the savings and loans company’s stock valued at $96,000 after buying an additional 3,902 shares in the last quarter. SG Americas Securities LLC purchased a new position in United Community Financial during the 1st quarter valued at about $121,000. Citigroup Inc. grew its holdings in United Community Financial by 17.9% during the 4th quarter. Citigroup Inc. now owns 15,420 shares of the savings and loans company’s stock valued at $136,000 after buying an additional 2,342 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its holdings in United Community Financial by 356.4% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 16,537 shares of the savings and loans company’s stock valued at $146,000 after buying an additional 12,914 shares in the last quarter. Institutional investors and hedge funds own 63.04% of the company’s stock.
A number of research analysts have weighed in on the company. BidaskClub lowered United Community Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 1st. Zacks Investment Research upgraded United Community Financial from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Thursday, March 14th. ValuEngine downgraded United Community Financial from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Finally, Boenning Scattergood reiterated a “hold” rating on shares of United Community Financial in a research report on Friday, January 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $11.50.
NASDAQ:UCFC traded up $0.01 during mid-day trading on Tuesday, reaching $9.10. The stock had a trading volume of 417 shares, compared to its average volume of 103,955. The company has a market capitalization of $455.42 million, a price-to-earnings ratio of 12.30 and a beta of 0.56. United Community Financial Corp has a one year low of $8.49 and a one year high of $11.98. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.05 and a quick ratio of 1.01.
United Community Financial (NASDAQ:UCFC) last released its earnings results on Tuesday, April 16th. The savings and loans company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.02). The firm had revenue of $28.26 million during the quarter, compared to the consensus estimate of $28.00 million. United Community Financial had a return on equity of 12.20% and a net margin of 27.09%. As a group, sell-side analysts anticipate that United Community Financial Corp will post 0.81 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Monday, April 29th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, April 26th. This represents a $0.28 dividend on an annualized basis and a yield of 3.08%. United Community Financial’s payout ratio is 37.84%.
United Community Financial 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.
Recommended Story: Special Dividends
Want to see what other hedge funds are holding UCFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Community Financial Corp (NASDAQ:UCFC).
Receive News & Ratings for United Community Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Community Financial and related companies with MarketBeat.com's FREE daily email newsletter.