BidaskClub cut shares of United Community Banks (NASDAQ:UCBI) from a buy rating to a hold rating in a report issued on Saturday, December 9th.
A number of other research firms also recently commented on UCBI. SunTrust Banks reiterated a buy rating and issued a $33.00 price objective on shares of United Community Banks in a report on Thursday, October 12th. Zacks Investment Research upgraded United Community Banks from a hold rating to a buy rating and set a $32.00 price target on the stock in a research note on Friday, October 27th. FIG Partners upgraded United Community Banks from a market perform rating to an outperform rating and set a $32.00 target price on the stock in a research note on Wednesday, August 16th. Finally, ValuEngine downgraded United Community Banks from a buy rating to a hold rating in a research note on Tuesday, November 14th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $31.14.
United Community Banks (UCBI) traded down $0.13 on Friday, reaching $28.01. The company had a trading volume of 585,958 shares, compared to its average volume of 454,650. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.52. The firm has a market cap of $2,065.62, a price-to-earnings ratio of 18.93 and a beta of 0.89. United Community Banks has a 1 year low of $24.47 and a 1 year high of $30.47.
United Community Banks (NASDAQ:UCBI) last posted its quarterly earnings results 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. United Community Banks had a return on equity of 10.31% and a net margin of 23.09%. The company had revenue of $109.35 million for the quarter, compared to analyst estimates of $114.65 million. During the same quarter last year, the company earned $0.36 EPS. United Community Banks’s revenue for the quarter was up 3.5% compared to the same quarter last year. research analysts anticipate that United Community Banks will post 1.63 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 15th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, December 14th. United Community Banks’s dividend payout ratio is currently 27.03%.
Several large investors have recently made changes to their positions in the company. Alps Advisors Inc. grew its position in shares of United Community Banks by 0.3% in the second quarter. Alps Advisors Inc. now owns 16,667 shares of the financial services provider’s stock valued at $463,000 after purchasing an additional 43 shares during the period. Amalgamated Bank grew its position in United Community Banks by 1.5% during the second quarter. Amalgamated Bank now owns 9,645 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 140 shares during the period. Texas Permanent School Fund grew its position in United Community Banks by 0.8% during the second quarter. Texas Permanent School Fund now owns 51,808 shares of the financial services provider’s stock valued at $1,440,000 after acquiring an additional 432 shares during the period. M&T Bank Corp grew its position in United Community Banks by 6.0% during the second quarter. M&T Bank Corp now owns 11,978 shares of the financial services provider’s stock valued at $334,000 after acquiring an additional 681 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in United Community Banks by 1.4% during the second quarter. The Manufacturers Life Insurance Company now owns 54,719 shares of the financial services provider’s stock valued at $1,522,000 after acquiring an additional 737 shares during the period. 87.67% of the stock is owned by institutional investors and hedge funds.
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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.
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