United Community Financial Corp (NASDAQ:UCFC) declared a quarterly dividend on Wednesday, October 17th, Wall Street Journal reports. Investors of record on Friday, October 26th will be given a dividend of 0.07 per share by the savings and loans company on Friday, November 9th. This represents a $0.28 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Thursday, October 25th.
United Community Financial has raised its dividend payment by an average of 91.3% per year over the last three years and has raised its dividend every year for the last 2 years. United Community Financial has a dividend payout ratio of 37.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect United Community Financial to earn $0.81 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 34.6%.
NASDAQ UCFC opened at $9.26 on Friday. United Community Financial has a twelve month low of $8.66 and a twelve month high of $11.98. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 0.98. The stock has a market cap of $467.84 million, a P/E ratio of 13.20 and a beta of 0.39.
Several equities analysts recently weighed in on the company. Boenning Scattergood reissued a “hold” rating on shares of United Community Financial in a research report on Wednesday, July 18th. BidaskClub cut United Community Financial from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 11th. Finally, ValuEngine cut United Community Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. United Community Financial has a consensus rating of “Hold” and an average target price of $12.00.
An institutional investor recently raised its position in United Community Financial stock. Bank of New York Mellon Corp boosted its position in shares of United Community Financial Corp (NASDAQ:UCFC) by 3.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 317,103 shares of the savings and loans company’s stock after acquiring an additional 10,453 shares during the period. Bank of New York Mellon Corp owned approximately 0.64% of United Community Financial worth $3,485,000 at the end of the most recent quarter. 61.35% of the stock is currently owned by hedge funds and other institutional investors.
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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