According to Zacks, “United Community Financial Corporation is a very traditional savings and loan company. While the company intends to remain committed to financing home ownership, it also believes it must gradually expand the types of loan products it offers in order to meet the needs of its market area and to improve profitability. The company began to commit substantial resources to the commercial lending area, which is headed and staffed by individuals with very extensive commercial banking experience. “
Other analysts have also recently issued research reports about the stock. Raymond James cut shares of United Community Financial from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 11th. BidaskClub cut shares of United Community Financial from a “hold” rating to a “sell” rating in a research note on Saturday, December 7th. Finally, ValuEngine cut shares of United Community Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $11.00.
United Community Financial (NASDAQ:UCFC) last posted its quarterly earnings results on Wednesday, October 23rd. The savings and loans company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. United Community Financial had a net margin of 27.17% and a return on equity of 12.36%. The business had revenue of $28.60 million during the quarter, compared to analysts’ expectations of $29.25 million. Sell-side analysts expect that United Community Financial will post 0.82 earnings per share for the current year.
In other news, CFO Timothy Esson sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $10.87, for a total value of $43,480.00. Following the transaction, the chief financial officer now directly owns 71,864 shares in the company, valued at approximately $781,161.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Jude J. Nohra sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $11.25, for a total transaction of $56,250.00. Following the completion of the transaction, the general counsel now owns 28,630 shares in the company, valued at $322,087.50. The disclosure for this sale can be found here. Corporate insiders own 3.20% of the company’s stock.
Several hedge funds have recently modified their holdings of UCFC. Mint Tower Capital Management B.V. acquired a new position in shares of United Community Financial in the 3rd quarter worth approximately $40,000. AdvisorNet Financial Inc acquired a new stake in United Community Financial during the 3rd quarter worth approximately $41,000. Aperio Group LLC acquired a new stake in United Community Financial during the 2nd quarter worth approximately $54,000. Meeder Asset Management Inc. lifted its holdings in United Community Financial by 840.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 5,069 shares of the savings and loans company’s stock worth $54,000 after buying an additional 4,530 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new stake in United Community Financial during the 2nd quarter worth approximately $100,000. Hedge funds and other institutional investors own 64.94% of the company’s stock.
United Community Financial Company Profile
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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