United Community Financial Corp. (UCFC) Releases Quarterly Earnings Results
United Community Financial Corp. (NASDAQ:UCFC) posted its quarterly earnings data on Tuesday. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.11. United Community Financial Corp. had a return on equity of 6.89% and a net margin of 19.31%.
United Community Financial Corp. (NASDAQ:UCFC) traded up 0.28% during trading on Tuesday, reaching $7.09. The company’s stock had a trading volume of 40,446 shares. The stock’s 50 day moving average is $6.99 and its 200-day moving average is $6.36. United Community Financial Corp. has a 52 week low of $4.98 and a 52 week high of $7.38. The firm has a market cap of $329.68 million, a P/E ratio of 19.69 and a beta of 0.39.
Several analysts have issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on United Community Financial Corp. from $7.25 to $8.00 and gave the stock an “outperform” rating in a report on Monday, September 12th. Boenning Scattergood upgraded United Community Financial Corp. from a “neutral” rating to an “outperform” rating and set a $7.50 price objective on the stock in a report on Monday, September 12th. Zacks Investment Research upgraded United Community Financial Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Finally, Seaport Global Securities restated a “buy” rating and set a $22.00 price objective on shares of United Community Financial Corp. in a report on Saturday, June 25th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $11.25.
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In related news, CEO Gary M. Small sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $6.91, for a total value of $38,005.00. Following the transaction, the chief executive officer now owns 115,774 shares in the company, valued at $799,998.34. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.88% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Martingale Asset Management L P purchased a new position in United Community Financial Corp. during the second quarter valued at about $102,000. HBK Sorce Advisory LLC boosted its position in United Community Financial Corp. by 9.9% in the second quarter. HBK Sorce Advisory LLC now owns 33,397 shares of the company’s stock valued at $203,000 after buying an additional 2,997 shares in the last quarter. Ancora Advisors LLC boosted its position in United Community Financial Corp. by 189.7% in the second quarter. Ancora Advisors LLC now owns 86,921 shares of the company’s stock valued at $528,000 after buying an additional 56,921 shares in the last quarter. BlackRock Investment Management LLC boosted its position in United Community Financial Corp. by 4.5% in the second quarter. BlackRock Investment Management LLC now owns 197,889 shares of the company’s stock valued at $1,203,000 after buying an additional 8,443 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in United Community Financial Corp. by 1.6% in the second quarter. Vanguard Group Inc. now owns 1,756,753 shares of the company’s stock valued at $10,681,000 after buying an additional 27,341 shares in the last quarter. Institutional investors and hedge funds own 59.88% of the company’s stock.
United Community Financial Corp. Company Profile
United Community Financial Corp. is a unitary thrift holding company for The Home Savings and Loan Company of Youngstown, Ohio (the Bank). The Bank operates through banking services segment. The Bank conducts its business through over 30 retail banking offices and loan production centers located throughout Ohio and western Pennsylvania.
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