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United Community Financial Corp. (NASDAQ:UCFC) Receives “Buy” Rating from Keefe, Bruyette & Woods
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A number of other research firms have also weighed in on UCFC. Boenning Scattergood set a $10.00 target price on shares of United Community Financial Corp. and gave the stock a “buy” rating in a report on Wednesday. Zacks Investment Research raised shares of United Community Financial Corp. from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a report on Tuesday, May 2nd.
United Community Financial Corp. (NASDAQ UCFC) traded up 0.54% during mid-day trading on Friday, hitting $9.25. 71,108 shares of the company traded hands. The firm has a 50 day moving average of $8.49 and a 200 day moving average of $8.48. United Community Financial Corp. has a one year low of $6.41 and a one year high of $9.50. The firm has a market capitalization of $459.58 million, a P/E ratio of 25.84 and a beta of 0.55.
United Community Financial Corp. (NASDAQ:UCFC) last posted its earnings results on Thursday, July 20th. The savings and loans company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.02. The business had revenue of $27.58 million for the quarter, compared to analyst estimates of $26.20 million. United Community Financial Corp. had a net margin of 18.95% and a return on equity of 9.10%. Equities research analysts expect that United Community Financial Corp. will post $0.57 earnings per share for the current fiscal year.
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In other news, CFO Timothy Esson sold 3,000 shares of the stock in a transaction on Friday, June 30th. The shares were sold at an average price of $8.35, for a total value of $25,050.00. Following the transaction, the chief financial officer now owns 60,692 shares of the company’s stock, valued at approximately $506,778.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Marty E. Adams purchased 404,000 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The stock was bought at an average cost of $8.00 per share, for a total transaction of $3,232,000.00. Following the acquisition, the director now directly owns 3,382 shares in the company, valued at $27,056. The disclosure for this purchase can be found here. Insiders sold a total of 17,718 shares of company stock worth $148,990 in the last three months. Insiders own 3.56% of the company’s stock.
Several institutional investors have recently modified their holdings of UCFC. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of United Community Financial Corp. by 0.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,620 shares of the savings and loans company’s stock worth $101,000 after buying an additional 40 shares during the period. Guggenheim Capital LLC boosted its stake in shares of United Community Financial Corp. by 0.3% in the fourth quarter. Guggenheim Capital LLC now owns 12,976 shares of the savings and loans company’s stock worth $116,000 after buying an additional 44 shares during the period. California Public Employees Retirement System boosted its stake in shares of United Community Financial Corp. by 1.1% in the first quarter. California Public Employees Retirement System now owns 92,402 shares of the savings and loans company’s stock worth $771,000 after buying an additional 963 shares during the period. American International Group Inc. boosted its stake in shares of United Community Financial Corp. by 7.1% in the first quarter. American International Group Inc. now owns 28,661 shares of the savings and loans company’s stock worth $239,000 after buying an additional 1,909 shares during the period. Finally, Strs Ohio boosted its stake in shares of United Community Financial Corp. by 2.6% in the first quarter. Strs Ohio now owns 79,500 shares of the savings and loans company’s stock worth $663,000 after buying an additional 2,000 shares during the period. 58.63% of the stock is currently owned by hedge funds and other institutional investors.
About United Community Financial Corp.
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.