The stock of United Community Financial Corp (NASDAQ:UCFC) hit a new 52-week high and has $9.35 target or 9.00% above today’s $8.58 share price. The 5 months bullish chart indicates low risk for the $402.25 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $9.35 price target is reached, the company will be worth $36.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.18% or $0.1 during the last trading session, hitting $8.58. About 22,423 shares traded hands. United Community Financial Corp (NASDAQ:UCFC) has risen 42.76% since April 22, 2016 and is uptrending. It has outperformed by 37.35% the S&P500.
Analysts await United Community Financial Corp (NASDAQ:UCFC) to report earnings on January, 24. They expect $0.11 EPS, up 22.22% or $0.02 from last year’s $0.09 per share. UCFC’s profit will be $5.16M for 19.50 P/E if the $0.11 EPS becomes a reality. After $0.11 actual EPS reported by United Community Financial Corp for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
United Community Financial Corp (NASDAQ:UCFC) Ratings Coverage
Out of 3 analysts covering United Comm. Financial (NASDAQ:UCFC), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. United Comm. Financial has been the topic of 5 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Boenning & Scattergood reinitiated the shares of UCFC in a report on Wednesday, July 22 with “Neutral” rating. As per Wednesday, August 26, the company rating was upgraded by Boenning & Scattergood. Keefe Bruyette & Woods upgraded it to “Outperform” rating and $6 target price in Thursday, October 22 report. Wood upgraded it to “Outperform” rating and $6 target price in Thursday, October 22 report.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 1.54 in 2016 Q2. Its up 0.66, from 0.88 in 2016Q1. The ratio improved, as 14 funds sold all United Community Financial Corp shares owned while 29 reduced positions. 9 funds bought stakes while 29 increased positions. They now own 27.86 million shares or 1.82% less from 28.38 million shares in 2016Q1.
Brandywine Global Mgmt Limited Liability Company accumulated 20,930 shares or 0% of the stock. Nationwide Fund has 64,472 shares for 0% of their US portfolio. Eam Invsts Lc owns 257,863 shares or 0.24% of their US portfolio. Renaissance Technology Llc last reported 1.03 million shares in the company. Hbk Sorce Advisory Ltd Liability Corp holds 0.04% of its portfolio in United Community Financial Corp (NASDAQ:UCFC) for 33,397 shares. Commonwealth Equity Service Inc last reported 38,651 shares in the company. Deprince Race Zollo holds 0.09% or 747,145 shares in its portfolio. Bnp Paribas Arbitrage last reported 1,803 shares in the company. Pdts Prtn Limited Liability Company has invested 0.01% of its portfolio in United Community Financial Corp (NASDAQ:UCFC). Blackrock Ltd Liability Co holds 26,413 shares or 0% of its portfolio. Moreover, Hutchin Hill Lp has 0.1% invested in United Community Financial Corp (NASDAQ:UCFC) for 500,000 shares. California Pub Employees Retirement System accumulated 91,439 shares or 0% of the stock. Citadel Advsr Llc has 14,670 shares for 0% of their US portfolio. Fj Capital Mgmt Limited Company holds 1.69% of its portfolio in United Community Financial Corp (NASDAQ:UCFC) for 1.41 million shares. Lsv Asset Management holds 0% of its portfolio in United Community Financial Corp (NASDAQ:UCFC) for 85,100 shares.
Insider Transactions: Since June 30, 2016, the stock had 2 insider purchases, and 4 selling transactions for $190,564 net activity. On Friday, September 30 SCHIRALDI RICHARD J bought $5,629 worth of the stock or 800 shares. The insider Small Gary M sold $38,025. 4,900 United Community Financial Corp (NASDAQ:UCFC) shares with value of $41,111 were sold by Nohra Jude J.. Another trade for 4,000 shares valued at $30,612 was bought by Tressel Ellen J.
More recent United Community Financial Corp (NASDAQ:UCFC) news were published by: Businesswire.com which released: “United Community Financial Corp. to Expand Akron and Canton Ohio Presence with …” on September 08, 2016. Also Businesswire.com published the news titled: “United Community Financial Corp. Announces Third Quarter Earnings Conference Call” on October 06, 2016. Businesswire.com‘s news article titled: “United Community Financial Corp. to Present at KBW 2016 Community Bank …” with publication date: July 21, 2016 was also an interesting one.
UCFC Company Profile
United Community Financial Corp. (United Community), incorporated on February 2, 1998, is a unitary thrift holding firm for The Home Savings and Loan Company of Youngstown, Ohio (the Bank). The Bank conducts its business through over 30 retail banking offices and loan production centers located throughout Ohio and western Pennsylvania. The Bank is engaged in the origination of mortgage loans, including construction loans on residential and nonresidential real estate located in Home Savings’ primary market area, which consists of Ashland, Columbiana, Cuyahoga, Erie, Franklin, Geauga, Huron, Lake, Mahoning, Portage, Richland, Stark, Summit and Trumbull Counties in Ohio and Allegheny and Beaver Counties in Pennsylvania.
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