Boenning Scattergood Weighs in on United Community Financial Corp’s FY2017 Earnings (NASDAQ:UCFC)

United Community Financial Corp (NASDAQ:UCFC) – Research analysts at Boenning Scattergood reduced their FY2017 earnings estimates for shares of United Community Financial in a research note issued to investors on Wednesday, according to Zacks Investment Research. Boenning Scattergood analyst S. Beury now expects that the savings and loans company will post earnings per share of $0.48 for the year, down from their prior forecast of $0.56. Boenning Scattergood has a “Neutral” rating on the stock. Boenning Scattergood also issued estimates for United Community Financial’s Q4 2017 earnings at $0.07 EPS, Q1 2018 earnings at $0.17 EPS, Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.19 EPS, FY2018 earnings at $0.72 EPS and FY2019 earnings at $0.81 EPS.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of United Community Financial from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Saturday, January 6th. ValuEngine cut shares of United Community Financial from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Finally, BidaskClub cut shares of United Community Financial from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. United Community Financial currently has an average rating of “Hold” and a consensus price target of $10.33.

Shares of United Community Financial (NASDAQ UCFC) remained flat at $$9.60 on Thursday. The stock had a trading volume of 35,955 shares, compared to its average volume of 102,305. The firm has a market cap of $477.79, a PE ratio of 21.33 and a beta of 0.53. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 1.13. United Community Financial has a fifty-two week low of $7.81 and a fifty-two week high of $10.23.

Several large investors have recently bought and sold shares of UCFC. AJO LP purchased a new stake in shares of United Community Financial during the second quarter valued at approximately $1,035,000. State Street Corp lifted its position in United Community Financial by 14.7% during the second quarter. State Street Corp now owns 847,383 shares of the savings and loans company’s stock valued at $7,041,000 after purchasing an additional 108,482 shares during the period. Northern Trust Corp lifted its position in United Community Financial by 16.2% during the second quarter. Northern Trust Corp now owns 671,255 shares of the savings and loans company’s stock valued at $5,578,000 after purchasing an additional 93,550 shares during the period. JPMorgan Chase & Co. lifted its position in United Community Financial by 38.0% during 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 during the period. Finally, Foundry Partners LLC lifted its position in United Community Financial by 8.4% during the third quarter. Foundry Partners LLC now owns 633,050 shares of the savings and loans company’s stock valued at $6,077,000 after purchasing an additional 48,900 shares during the period. Hedge funds and other institutional investors own 59.63% of the company’s stock.

In other news, EVP Matthew T. Garrity sold 35,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $9.47, for a total transaction of $331,450.00. Following the sale, 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 SEC, which is available at this link. In the last quarter, insiders have sold 36,200 shares of company stock worth $342,896. Corporate insiders own 3.56% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Boenning Scattergood Weighs in on United Community Financial Corp’s FY2017 Earnings (NASDAQ:UCFC)” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/01/13/fy2017-earnings-forecast-for-united-community-financial-corp-issued-by-boenning-scattergood-ucfc.html.

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.

Get a free copy of the Zacks research report on United Community Financial (UCFC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for United Community Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Community Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply