Boenning Scattergood Weighs in on United Community Financial Corp’s FY2019 Earnings (UCFC)

United Community Financial Corp (NASDAQ:UCFC) – Research analysts at Boenning Scattergood cut their FY2019 earnings estimates for shares of United Community Financial in a note issued to investors on Wednesday. Boenning Scattergood analyst S. Beury now forecasts that the savings and loans company will post earnings of $0.78 per share for the year, down from their prior estimate of $0.81. Boenning Scattergood has a “Hold” rating on the stock.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of United Community Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. BidaskClub cut shares of United Community Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Finally, ValuEngine cut shares of United Community Financial from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $10.33.

United Community Financial (UCFC) opened at $9.76 on Monday. The company has a market cap of $486.05, a PE ratio of 17.12 and a beta of 0.53. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.01 and a current ratio of 1.06. United Community Financial has a one year low of $7.81 and a one year high of $10.23.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 16th. Stockholders of record on Friday, February 2nd will be paid a $0.06 dividend. The ex-dividend date is Thursday, February 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.46%. This is a boost from United Community Financial’s previous quarterly dividend of $0.04. United Community Financial’s payout ratio is 37.21%.

In other news, EVP Matthew T. Garrity sold 35,000 shares of United Community Financial stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $9.47, for a total value of $331,450.00. Following the completion of the transaction, the executive vice president now owns 43,993 shares in the company, valued at $416,613.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 36,200 shares of company stock valued at $342,896 in the last quarter. 3.56% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of UCFC. Schwab Charles Investment Management Inc. increased its holdings in shares of United Community Financial by 31.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 93,600 shares of the savings and loans company’s stock valued at $778,000 after purchasing an additional 22,500 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of United Community Financial by 3.0% in the second quarter. Rhumbline Advisers now owns 62,011 shares of the savings and loans company’s stock valued at $515,000 after purchasing an additional 1,811 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of United Community Financial by 5.8% in the second quarter. Bank of New York Mellon Corp now owns 276,669 shares of the savings and loans company’s stock valued at $2,299,000 after purchasing an additional 15,088 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of United Community Financial by 38.0% in the second quarter. JPMorgan Chase & Co. now owns 266,924 shares of the savings and loans company’s stock valued at $2,218,000 after purchasing an additional 73,475 shares in the last quarter. Finally, Alliancebernstein L.P. acquired a new stake in shares of United Community Financial in the second quarter valued at approximately $251,000. Institutional investors own 59.81% of the company’s stock.

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United Community Financial Company Profile

United Community Financial Corp. is financial services holding company. The Company’s subsidiaries include The Home Savings and Loan Company of Youngstown, Ohio (Home Savings or the Bank), HSB Insurance, LLC and HSB Capital, LLC. The principal business of Home Savings is the origination of mortgage loans, including construction loans, on residential and nonresidential real estate located in Home Savings’ primary market area.

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