Brokerages Set United Community Banks, Inc. (UCBI) Target Price at $31.00

United Community Banks, Inc. (NASDAQ:UCBI) has received a consensus rating of “Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $31.00.

A number of brokerages have recently commented on UCBI. BidaskClub raised shares of United Community Banks from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. SunTrust Banks reissued a “buy” rating and issued a $33.00 target price on shares of United Community Banks in a research note on Thursday, October 12th. Zacks Investment Research raised shares of United Community Banks from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Wednesday, December 27th. Finally, ValuEngine downgraded shares of United Community Banks from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th.

Several hedge funds have recently modified their holdings of UCBI. Schwab Charles Investment Management Inc. raised its stake in shares of United Community Banks by 0.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 477,822 shares of the financial services provider’s stock valued at $13,284,000 after acquiring an additional 4,382 shares during the period. Federated Investors Inc. PA increased its stake in United Community Banks by 7.1% during the 2nd quarter. Federated Investors Inc. PA now owns 17,500 shares of the financial services provider’s stock worth $487,000 after buying an additional 1,163 shares during the period. Swiss National Bank increased its stake in United Community Banks by 2.8% during the 2nd quarter. Swiss National Bank now owns 113,700 shares of the financial services provider’s stock worth $3,161,000 after buying an additional 3,100 shares during the period. Martingale Asset Management L P purchased a new stake in United Community Banks during the 2nd quarter worth $1,717,000. Finally, Riverhead Capital Management LLC increased its stake in United Community Banks by 134.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,390 shares of the financial services provider’s stock worth $150,000 after buying an additional 3,090 shares during the period. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Shares of United Community Banks (NASDAQ UCBI) traded up $0.28 on Friday, hitting $31.22. 487,072 shares of the company’s stock were exchanged, compared to its average volume of 527,943. The firm has a market cap of $2,271.15, a price-to-earnings ratio of 21.09 and a beta of 0.89. United Community Banks has a 52 week low of $24.47 and a 52 week high of $31.37. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.80 and a current ratio of 0.81.

United Community Banks (NASDAQ:UCBI) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.41 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.41. The company had revenue of $109.35 million for the quarter, compared to analyst estimates of $114.65 million. United Community Banks had a net margin of 23.09% and a return on equity of 10.31%. United Community Banks’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the business earned $0.36 EPS. equities research analysts anticipate that United Community Banks will post 1.63 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 15th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, December 14th. United Community Banks’s dividend payout ratio is presently 27.03%.

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United Community Banks Company Profile

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.

Analyst Recommendations for United Community Banks (NASDAQ:UCBI)

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