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Stock Market & Financial Investment News

News Breaks
January 15, 2013
16:26 EDTUCFCUnited Cos Financial announces $42M private offering; $5M rights offering
United Community Financial Corp. (UCFC), holding company of The Home Savings and Loan Company, announced that it intends to raise approximately $47M in capital through a private offering and a rights offering. The company has entered into Stock Purchase Agreements to issue approximately $39.9M in securities through a private offering to accredited investors, and also has entered into Subscription Agreements to issue approximately $2.1M in common shares to the company's directors, officers, consultants and affiliates. Promptly following the closing of the private offering, the company will commence a rights offering of approximately $5M to existing shareholders at the same common share purchase price of $2.75 as paid by the investors in the private offerings. The shares that the non-affiliated investors as a group are purchasing in the private offering will represent approximately 29.0% of the company's outstanding shares following the offerings (assuming the rights offering is fully subscribed); however, none of these new investors will own more than 4.9% of the company as a result of the private offering. Patrick W. Bevack, President and CEO of United Community and Home Savings, commented, "This capital raise is the final step in the execution of our current Capital Plan, and it provides UCFC and Home Savings with the capital we need to grow our company and its businesses."
News For UCFC From The Last 14 Days
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February 1, 2016
10:02 EDTUCFCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AIG (AIG) downgraded at BMO Capital... ARMOUR Residential (ARR) downgraded to Underweight from Equal Weight at Barclays... Abraxas Petroleum (AXAS) downgraded to Neutral from Buy at SunTrust... Anchor BanCorp Wisconsin (ABCW) downgraded to Equal Weight from Overweight at Stephens... Ashford Hospitality Prime (AHP) downgraded to Hold from Buy at Canaccord... Ashford Hospitality (AHT) downgraded to Hold from Buy at Canaccord... Axiall (AXLL) downgraded to Neutral from Buy at Citi... Boston Private Financial (BPFH) downgraded to Neutral from Buy at SunTrust... Colliers International (CIGI) downgraded to Sector Perform from Outperform at RBC Capital... Companhia Brasileira de Distribuicao (CBD) downgraded to Neutral at Credit Suisse... Connecticut Water (CTWS) downgraded to Market Perform from Outperform at Wells Fargo... Duke Realty (DRE) downgraded on valuation, growth outlook at BMO Capital... EP Energy (EPE) downgraded to Neutral from Buy at SunTrust... Eastman Chemical (EMN) downgraded at SunTrust... Equity Residential (EQR) downgraded to Neutral from Buy at Mizuho... Genuine Parts (GPC) downgraded to Neutral from Overweight at JPMorgan... Hersha Hospitality (HT) downgraded to Hold from Buy at Canaccord... Jones Energy (JONE) downgraded to Neutral from Buy at SunTrust... Mondelez (MDLZ) downgraded to Neutral from Positive at Susquehanna... Nokia (NOK) downgraded to Hold from Buy at Canaccord... Ollie's Bargain Outlet (OLLI) downgraded to Neutral from Outperform at Credit Suisse... Oshkosh (OSK) downgraded to Hold from Buy at Drexel Hamilton... Outerwall (OUTR) downgraded on Redbox weakness at Roth Capital... PACCAR (PCAR) downgraded to Underperform from Peer Perform at Wolfe Research... Restoration Hardware (RH) downgraded to Market Perform from Outperform at Cowen... Rex Energy (REXX) downgraded to Neutral from Buy at SunTrust... Sanchez Energy (SN) downgraded to Neutral from Buy at SunTrust... SandRidge Energy (SD) downgraded to Neutral from Buy at SunTrust... Santander Consumer (SC) downgraded to Underperform from Neutral at BofA/Merrill... Tiffany (TIF) downgraded to Market Perform from Outperform at Cowen... Trex Company (TREX) downgraded to Hold from Buy at BB&T... U.S. Steel (X) downgraded to Neutral from Outperform at Macquarie... United Community Financial (UCFC) downgraded to Neutral from Outperform at Boenning & Scattergood... Xerox (XRX) downgraded to Equal Weight from Overweight at Morgan Stanley.
07:29 EDTUCFCUnited Community Financial downgraded to Neutral from Outperform at Boenning & Scattergood
Boenning & Scattergood downgraded United Community Financial to Neutral based on valuation.
January 26, 2016
16:11 EDTUCFCUnited Community Financial reports Q4 EPS 9c, consensus 9c
Net interest margin was 3.16% for the fourth quarter of 2015, which did not change from the fourth quarter of 2014, and decreased from the 3.18% recorded in the previous quarter.
January 25, 2016
09:52 EDTUCFCUnited Community Financial acquires James & Sons Insurance
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