3 Analysts Recommend Purchasing UCFC Shares

YOUNGSTOWN, Ohio – Shares of United Community Financial Corp. reached a 52-week high Monday, $5.71, and the three firms that follow the company average a target price for its stock of $6.

The 52-week low was $3.58.

All three – Keefe, Bruyette & Woods, Sandler O’Neill + Partners and Boenning & Scattergood Inc. – recommend “buy” of UCFC shares. One month ago, two recommended “buy” and one “hold”; two months ago one recommended “buy” and two “hold.”

Collectively, the analysts project UCFC will earn 34 cents a share this year. The parent of Home Savings and Loan Co. earned seven cents a share the first quarter, a penny above analysts’ estimates, met expectations the second at eight cents a share, and earned nine cents a share the three months ended Sept. 30.

UCFC filed Form S-8 Tuesday with the Securities and Exchange Commission to issue up to 1.2 million shares under the company’s 2015 Long-Term Incentive Plan. Shareholders approved the plan last April during the annual meeting.

At Sept. 30, UCFC had 47.614 million common shares outstanding.

Copyright 2022 The Business Journal, Youngstown, Ohio.