Short Interest in United Community Financial Corp (NASDAQ:UCFC) Expands By 66.8%

United Community Financial Corp (NASDAQ:UCFC) was the target of a large growth in short interest in June. As of June 30th, there was short interest totalling 292,300 shares, a growth of 66.8% from the May 30th total of 175,200 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 94,100 shares, the short-interest ratio is presently 3.1 days.

Shares of NASDAQ:UCFC traded down $0.01 during mid-day trading on Thursday, hitting $9.42. 70,307 shares of the company traded hands, compared to its average volume of 100,564. The firm has a market capitalization of $459.65 million, a price-to-earnings ratio of 12.73 and a beta of 0.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.03. United Community Financial has a 52-week low of $8.49 and a 52-week high of $11.98. The stock’s 50 day moving average price is $9.37.

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

UCFC has been the topic of several research analyst reports. Boenning Scattergood reaffirmed a “hold” rating on shares of WesBanco in a research note on Wednesday, April 17th. BidaskClub raised Zumiez from a “sell” rating to a “hold” rating in a research note on Saturday, June 22nd. Zacks Investment Research lowered First Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. Finally, ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.

In other news, CFO Timothy Esson sold 5,000 shares of United Community Financial stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $9.38, for a total value of $46,900.00. Following the transaction, the chief financial officer now directly owns 75,864 shares of the company’s stock, valued at approximately $711,604.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.20% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA increased its holdings in shares of 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 valued at $93,000 after acquiring an additional 8,094 shares during the last quarter. Legal & General Group Plc boosted its position 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 purchasing an additional 3,902 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in United Community Financial during the 1st quarter valued at approximately $117,000. SG Americas Securities LLC acquired a new position in United Community Financial during the 1st quarter valued at approximately $121,000. Finally, Citigroup Inc. boosted its position 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 purchasing an additional 2,342 shares during the period. Institutional investors own 63.48% of the company’s stock.

About United Community Financial

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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