Boenning & Scattergood Upgrades United Community Financial Corp to Outperform

Brokerage firm Boenning & Scattergood Upgrades its rating on United Community Financial Corp(NASDAQ:UCFC). The shares have been rated Outperform. Previously, the analysts had a Neutral rating on the shares. The rating by Boenning & Scattergood was issued on Sep 12, 2016.

United Community Financial Corp (UCFC) shares turned negative on Tuesdays trading session with the shares closing down -0.11 points or -1.51% at a volume of 37,335. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.33. The peak price level was also seen at $7.33 while the days lowest was $6.94. Finally the shares closed at $7.16. The 52-week high of the shares is $7.38 while the 52-week low is $4.84. According to the latest information available, the market cap of the company is $333 M.

United Community Financial Corp(UCFC) last announced its earnings results on Jul 19, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $15.52M. Analysts had an estimated revenue of $17.22M. Earnings per share were $0.11. Analysts had estimated an EPS of $0.10.

Several Insider Transactions has been reported to the SEC. On Jul 5, 2016, Gary M Small (President & CEO) sold 10,000 shares at $5.94 per share price.Also, On Feb 5, 2016, Richard J Schiraldi (director) purchased 3,500 shares at $5.74 per share price.On Dec 31, 2015, Jude J. Nohra (General Counsel & Secretary) sold 4,700 shares at $6.18 per share price, according to the Form-4 filing with the securities and exchange commission.

United Community Financial Corp. (United Community) is a unitary thrift holding company for The Home Savings and Loan Company of Youngstown Ohio (the Bank). The Bank is a state-chartered savings bank with around 32 full-service branches and nine loan production offices 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. In addition to real estate lending the Bank originates commercial loans and consumer loans.

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