United Community Banks (UCBI) Earning Somewhat Favorable Media Coverage, Report Finds

News coverage about United Community Banks (NASDAQ:UCBI) has trended somewhat positive on Sunday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. United Community Banks earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.8949627121727 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the media headlines that may have effected Accern Sentiment’s analysis:

UCBI has been the topic of a number of research reports. Zacks Investment Research raised United Community Banks from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Friday, June 30th. Stephens reissued a “hold” rating and set a $30.00 price target on shares of United Community Banks in a report on Tuesday, June 27th. ValuEngine raised United Community Banks from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Raymond James Financial, Inc. lowered their price target on United Community Banks from $32.00 to $31.00 and set a “strong-buy” rating on the stock in a report on Thursday, July 27th. Finally, BidaskClub lowered United Community Banks from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $30.86.

Shares of United Community Banks (UCBI) traded up 0.93% during midday trading on Friday, reaching $25.98. The company’s stock had a trading volume of 792,935 shares. The stock has a 50 day moving average of $26.34 and a 200-day moving average of $27.20. The company has a market capitalization of $1.84 billion, a P/E ratio of 17.79 and a beta of 0.87. United Community Banks has a 1-year low of $20.12 and a 1-year high of $30.47.

United Community Banks (NASDAQ:UCBI) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. United Community Banks had a net margin of 23.07% and a return on equity of 10.42%. The company had revenue of $108.00 million for the quarter, compared to analyst estimates of $110.49 million. During the same quarter last year, the business earned $0.36 earnings per share. United Community Banks’s revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts anticipate that United Community Banks will post $1.64 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 15th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.54%. This is a positive change from United Community Banks’s previous quarterly dividend of $0.09. United Community Banks’s dividend payout ratio (DPR) is presently 27.40%.

In other United Community Banks news, EVP Robert A. Edwards sold 11,550 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $26.06, for a total value of $300,993.00. Following the sale, the executive vice president now owns 16,858 shares in the company, valued at $439,319.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.18% of the stock is currently owned by company insiders.

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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.

Insider Buying and Selling by Quarter for United Community Banks (NASDAQ:UCBI)

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