United Community Banks (NASDAQ:UCBI) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Tuesday.
A number of other brokerages have also recently weighed in on UCBI. Zacks Investment Research cut shares of United Community Banks from a “buy” rating to a “hold” rating in a report on Saturday, October 28th. ValuEngine cut shares of United Community Banks from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, SunTrust Banks restated a “buy” rating and issued a $33.00 price objective on shares of United Community Banks in a report on Thursday, October 12th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.00.
United Community Banks (UCBI) opened at $30.78 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.52. The firm has a market cap of $2,265.28, a P/E ratio of 20.80 and a beta of 0.89. United Community Banks has a twelve month low of $24.47 and a twelve month high of $31.37.
United Community Banks (NASDAQ:UCBI) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. The firm had revenue of $109.35 million during the quarter, compared to analysts’ expectations of $114.65 million. United Community Banks had a net margin of 23.09% and a return on equity of 10.31%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 earnings per share. research analysts expect that United Community Banks will post 1.63 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in United Community Banks by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 6,212,727 shares of the financial services provider’s stock worth $172,714,000 after acquiring an additional 100,870 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in United Community Banks by 2.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,315,185 shares of the financial services provider’s stock worth $94,615,000 after acquiring an additional 83,398 shares in the last quarter. Schroder Investment Management Group grew its holdings in United Community Banks by 4.8% during the 3rd quarter. Schroder Investment Management Group now owns 2,363,499 shares of the financial services provider’s stock worth $67,076,000 after acquiring an additional 108,377 shares in the last quarter. FMR LLC grew its holdings in United Community Banks by 11.1% during the 2nd quarter. FMR LLC now owns 1,954,112 shares of the financial services provider’s stock worth $54,324,000 after acquiring an additional 194,762 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in United Community Banks by 9.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,818,025 shares of the financial services provider’s stock worth $51,886,000 after acquiring an additional 154,475 shares in the last quarter. Institutional investors own 87.67% of the company’s stock.
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About United Community Banks
United Community Banks, Inc (United) is a bank holding company. United conducts its operations through a community-focused operating model of separate community banks, which, as of December 31, 2016, operated at 139 locations throughout the Atlanta-Sandy Springs-Roswell, Georgia, and Gainesville, Georgia metropolitan statistical areas, upstate and coastal South Carolina, north and coastal Georgia, western North Carolina, and east Tennessee.
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