BidaskClub lowered shares of United Community Banks (NASDAQ:UCBI) from a hold rating to a sell rating in a report published on Friday.
Several other analysts have also issued reports on UCBI. Zacks Investment Research raised United Community Banks from a sell rating to a hold rating in a report on Tuesday, August 21st. FIG Partners reissued an outperform rating on shares of United Community Banks in a report on Thursday, September 20th. ValuEngine lowered United Community Banks from a hold rating to a sell rating in a report on Friday, September 28th. SunTrust Banks cut their price target on United Community Banks to $25.00 and set a hold rating for the company in a report on Thursday, October 25th. They noted that the move was a valuation call. Finally, Stephens reissued a hold rating and set a $24.00 price target on shares of United Community Banks in a report on Thursday, October 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. United Community Banks presently has an average rating of Hold and an average price target of $28.40.
NASDAQ:UCBI traded down $0.07 during mid-day trading on Friday, hitting $23.84. 560,293 shares of the company traded hands, compared to its average volume of 371,008. United Community Banks has a one year low of $22.83 and a one year high of $34.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $1.89 billion, a PE ratio of 11.95 and a beta of 0.93.
United Community Banks (NASDAQ:UCBI) last released its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. United Community Banks had a return on equity of 11.64% and a net margin of 19.16%. The business had revenue of $134.50 million during the quarter, compared to analyst estimates of $136.53 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. United Community Banks’s revenue for the quarter was up 23.1% on a year-over-year basis. Equities analysts forecast that United Community Banks will post 2.13 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 7th. Stockholders of record on Saturday, December 15th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.68%. This is an increase from United Community Banks’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, December 13th. United Community Banks’s payout ratio is presently 36.81%.
Several institutional investors have recently made changes to their positions in UCBI. Itau Unibanco Holding S.A. purchased a new position in shares of United Community Banks in the second quarter valued at about $108,000. WINTON GROUP Ltd purchased a new position in shares of United Community Banks in the third quarter valued at about $203,000. Intrust Bank NA purchased a new position in shares of United Community Banks in the second quarter valued at about $209,000. Assenagon Asset Management S.A. purchased a new position in shares of United Community Banks in the third quarter valued at about $214,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of United Community Banks in the second quarter valued at about $216,000. Institutional investors and hedge funds own 87.16% of the company’s stock.
United Community Banks Company Profile
United Community Banks, Inc operates as the bank holding company for United Community Bank that provides retail and corporate banking services to individuals and businesses. It offers various deposit accounts, such as checking accounts, savings and time deposits accounts, NOW accounts, money market deposits, and certificates of deposit.
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