Mesirow Financial Investment Management Inc. Trims Stake in United Community Financial Corp (UCFC)

Mesirow Financial Investment Management Inc. Trims Stake in United Community Financial Corp (UCFC)

Mesirow Financial Investment Management Inc. reduced its stake in United Community Financial Corp (NASDAQ:UCFC) by 30.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,549 shares of the savings and loans company’s stock after selling 10,833 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in United Community Financial were worth $237,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UCFC. SG Americas Securities LLC bought a new stake in United Community Financial in the 2nd quarter valued at $103,000. Teacher Retirement System of Texas bought a new stake in United Community Financial in the 2nd quarter valued at $111,000. Cubist Systematic Strategies LLC bought a new stake in United Community Financial in the 2nd quarter valued at $123,000. Macquarie Group Ltd. increased its holdings in United Community Financial by 841.7% in the 2nd quarter. Macquarie Group Ltd. now owns 16,894 shares of the savings and loans company’s stock valued at $186,000 after acquiring an additional 15,100 shares during the last quarter. Finally, Spark Investment Management LLC bought a new stake in United Community Financial in the 2nd quarter valued at $254,000. Institutional investors own 61.32% of the company’s stock.

Shares of NASDAQ:UCFC traded up $0.04 on Tuesday, reaching $9.43. The company’s stock had a trading volume of 2,135 shares, compared to its average volume of 117,072. United Community Financial Corp has a 52-week low of $8.66 and a 52-week high of $11.98. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $482.82 million, a P/E ratio of 16.56 and a beta of 0.39.

United Community Financial (NASDAQ:UCFC) last released its quarterly earnings results on Wednesday, July 18th. The savings and loans company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. United Community Financial had a net margin of 23.92% and a return on equity of 11.34%. The firm had revenue of $27.15 million during the quarter, compared to analysts’ expectations of $28.35 million. On average, analysts expect that United Community Financial Corp will post 0.74 earnings per share for the current year.

A number of brokerages have issued reports on UCFC. ValuEngine downgraded shares of United Community Financial from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. BidaskClub cut shares of United Community Financial from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 15th. Boenning Scattergood reissued a “hold” rating on shares of United Community Financial in a research note on Wednesday, July 18th. Finally, Zacks Investment Research cut shares of United Community Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $12.00.

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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