United Community Financial’s (UCFC) Hold Rating Reaffirmed at Boenning Scattergood

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Boenning Scattergood reiterated their hold rating on shares of United Community Financial (NASDAQ:UCFC) in a research report sent to investors on Wednesday, October 17th. Boenning Scattergood also issued estimates for United Community Financial’s Q4 2018 earnings at $0.20 EPS, Q1 2019 earnings at $0.19 EPS, Q2 2019 earnings at $0.19 EPS, Q3 2019 earnings at $0.20 EPS, Q4 2019 earnings at $0.21 EPS and FY2020 earnings at $0.86 EPS.

UCFC has been the subject of several other reports. BidaskClub downgraded United Community Financial from a strong-buy rating to a buy rating in a research note on Wednesday, July 11th. Zacks Investment Research downgraded United Community Financial from a buy rating to a hold rating in a research note on Wednesday, June 20th. Finally, ValuEngine downgraded United Community Financial from a buy rating to a hold rating in a research note on Tuesday, July 24th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $12.00.

Shares of NASDAQ:UCFC traded down $0.07 during midday trading on Wednesday, reaching $9.41. 130,430 shares of the company’s stock traded hands, compared to its average volume of 139,753. United Community Financial has a 1 year low of $8.66 and a 1 year high of $11.98. The firm has a market capitalization of $469.84 million, a price-to-earnings ratio of 13.25 and a beta of 0.44. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.06 and a quick ratio of 1.01.

United Community Financial (NASDAQ:UCFC) last announced its earnings results on Wednesday, October 17th. The savings and loans company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. United Community Financial had a return on equity of 11.96% and a net margin of 24.80%. The firm had revenue of $27.77 million for the quarter, compared to analyst estimates of $28.12 million. On average, sell-side analysts expect that United Community Financial will post 0.75 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 9th. Shareholders of record on Friday, October 26th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend was Thursday, October 25th. United Community Financial’s dividend payout ratio (DPR) is presently 49.12%.

Institutional investors and hedge funds have recently modified their holdings of the business. First Trust Advisors LP increased its stake in shares of United Community Financial by 19.9% in the 2nd quarter. First Trust Advisors LP now owns 127,114 shares of the savings and loans company’s stock worth $1,397,000 after acquiring an additional 21,077 shares during the last quarter. Swiss National Bank acquired a new stake in shares of United Community Financial during the 2nd quarter worth about $955,000. Farmers Trust Co. acquired a new stake in shares of United Community Financial during the 3rd quarter worth about $245,000. Citadel Advisors LLC acquired a new stake in shares of United Community Financial during the 2nd quarter worth about $724,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of United Community Financial during the 3rd quarter worth about $3,803,000. 61.93% of the stock is owned by institutional investors and hedge funds.

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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