United Community Banks, Inc. (UCBI) Stock Rating Lowered by ValuEngine

United Community Banks, Inc. (NASDAQ:UCBI) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Tuesday.

A number of other analysts also recently weighed in on UCBI. Zacks Investment Research raised shares of United Community Banks from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Wednesday, September 27th. Raymond James Financial, Inc. decreased their price target on shares of United Community Banks from $32.00 to $31.00 and set a “strong-buy” rating for the company in a research report on Thursday, July 27th. SunTrust Banks, Inc. reissued a “buy” rating and set a $33.00 price target on shares of United Community Banks in a research report on Thursday, October 12th. BidaskClub downgraded shares of United Community Banks from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Finally, Stephens reissued a “hold” rating and set a $29.00 price target on shares of United Community Banks in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. United Community Banks currently has an average rating of “Buy” and a consensus target price of $31.25.

United Community Banks (NASDAQ:UCBI) traded up $0.08 on Tuesday, hitting $26.30. 367,600 shares of the stock were exchanged, compared to its average volume of 395,589. The stock has a market capitalization of $1,924.68, a price-to-earnings ratio of 16.29 and a beta of 0.88. United Community Banks has a 12 month low of $24.47 and a 12 month high of $30.47. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.80.

United Community Banks (NASDAQ:UCBI) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 earnings per share. analysts forecast that United Community Banks will post 1.63 earnings per share for the current year.

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A number of institutional investors have recently added to or reduced their stakes in UCBI. California Public Employees Retirement System boosted its holdings in United Community Banks by 4.2% in the first quarter. California Public Employees Retirement System now owns 101,700 shares of the financial services provider’s stock worth $2,816,000 after purchasing an additional 4,100 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of United Community Banks by 4.0% during the first quarter. PNC Financial Services Group Inc. now owns 7,604 shares of the financial services provider’s stock valued at $210,000 after purchasing an additional 295 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of United Community Banks by 8.0% during the first quarter. Vanguard Group Inc. now owns 6,111,857 shares of the financial services provider’s stock valued at $169,237,000 after purchasing an additional 451,364 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of United Community Banks by 12.2% during the first quarter. Geode Capital Management LLC now owns 562,144 shares of the financial services provider’s stock valued at $15,565,000 after purchasing an additional 61,089 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in United Community Banks by 3.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 473,440 shares of the financial services provider’s stock worth $13,110,000 after acquiring an additional 15,513 shares in the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for United Community Banks (NASDAQ:UCBI)

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