$28.10 Million in Sales Expected for United Community Financial Corp (UCFC) This Quarter

Brokerages expect United Community Financial Corp (NASDAQ:UCFC) to report $28.10 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for United Community Financial’s earnings, with the lowest sales estimate coming in at $28.00 million and the highest estimate coming in at $28.20 million. United Community Financial posted sales of $27.35 million in the same quarter last year, which suggests a positive year over year growth rate of 2.7%. The business is scheduled to report its next earnings report after the market closes on Tuesday, April 16th.

On average, analysts expect that United Community Financial will report full year sales of $117.45 million for the current fiscal year, with estimates ranging from $116.90 million to $118.00 million. For the next fiscal year, analysts expect that the business will post sales of $126.48 million, with estimates ranging from $126.10 million to $126.86 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for United Community Financial.

United Community Financial (NASDAQ:UCFC) last announced its earnings results on Wednesday, January 23rd. The savings and loans company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $29.08 million during the quarter, compared to analysts’ expectations of $29.03 million. United Community Financial had a net margin of 27.75% and a return on equity of 12.26%.

A number of equities analysts have recently weighed in on the company. Boenning Scattergood reissued a “hold” rating on shares of United Community Financial in a report on Friday, January 25th. BidaskClub lowered United Community Financial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 26th. Zacks Investment Research upgraded United Community Financial from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Thursday, March 14th. Finally, ValuEngine lowered United Community Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, December 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. United Community Financial currently has an average rating of “Hold” and a consensus price target of $11.50.

In related news, Director Richard J. Schiraldi sold 16,369 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $9.26, for a total value of $151,576.94. Following the completion of the transaction, the director now directly owns 5,751 shares of the company’s stock, valued at $53,254.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 3.20% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Geode Capital Management LLC boosted its position in United Community Financial by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 553,565 shares of the savings and loans company’s stock valued at $4,899,000 after buying an additional 27,446 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in United Community Financial by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,270,364 shares of the savings and loans company’s stock worth $28,943,000 after purchasing an additional 50,551 shares in the last quarter. Legal & General Group Plc boosted its position in United Community Financial by 56.2% in the 4th quarter. Legal & General Group Plc now owns 10,843 shares of the savings and loans company’s stock worth $96,000 after purchasing an additional 3,902 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in United Community Financial by 356.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 16,537 shares of the savings and loans company’s stock worth $146,000 after purchasing an additional 12,914 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in United Community Financial by 2.1% in the 4th quarter. Bank of America Corp DE now owns 506,352 shares of the savings and loans company’s stock worth $4,481,000 after purchasing an additional 10,554 shares in the last quarter. Institutional investors and hedge funds own 62.99% of the company’s stock.

Shares of NASDAQ UCFC traded up $0.14 during trading on Friday, reaching $9.44. The company had a trading volume of 48,627 shares, compared to its average volume of 112,128. United Community Financial has a twelve month low of $8.49 and a twelve month high of $11.98. The stock has a market cap of $458.86 million, a price-to-earnings ratio of 12.76 and a beta of 0.58. The company has a quick ratio of 1.01, a current ratio of 1.05 and a debt-to-equity ratio of 0.79.

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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