News articles about United Community Banks (NASDAQ:UCBI) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. United Community Banks earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.8055195800561 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- United Community Banks, Inc. (UCBI) to Release Quarterly Earnings on Tuesday (americanbankingnews.com)
- United Community Banks’ (UCBI) Buy Rating Reiterated at SunTrust Banks, Inc. (americanbankingnews.com)
- United Community Banks, Inc. (UCBI) Expected to Announce Quarterly Sales of $113.53 Million (americanbankingnews.com)
- United Community Banks, Inc. (UCBI) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
Several analysts have issued reports on the stock. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $33.00 price target on shares of United Community Banks in a research report on Thursday, October 12th. Zacks Investment Research raised shares of United Community Banks from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Wednesday, September 27th. BidaskClub lowered shares of United Community Banks from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. FIG Partners raised shares of United Community Banks from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research report on Wednesday, August 16th. Finally, Raymond James Financial, Inc. dropped their price target on shares of United Community Banks from $32.00 to $31.00 and set a “strong-buy” rating on the stock in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $31.00.
Shares of United Community Banks (NASDAQ:UCBI) traded down 0.98% during trading on Tuesday, hitting $28.26. 77,031 shares of the stock traded hands. United Community Banks has a 1-year low of $20.26 and a 1-year high of $30.47. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 19.36 and a beta of 0.87. The stock has a 50 day moving average price of $27.00 and a 200-day moving average price of $27.15.
United Community Banks (NASDAQ:UCBI) last released its earnings results on Wednesday, July 26th. The financial services provider reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. The company had revenue of $108.00 million for the quarter, compared to analysts’ expectations of $110.49 million. United Community Banks had a return on equity of 10.42% and a net margin of 23.07%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.36 EPS. Equities analysts forecast 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 Thursday, October 5th. Stockholders of record on Friday, September 15th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.40%. This is a boost from United Community Banks’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, September 14th. United Community Banks’s payout ratio is presently 27.40%.
In related news, EVP Robert A. Edwards sold 11,550 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $26.06, for a total value of $300,993.00. Following the sale, the executive vice president now directly owns 16,858 shares in the company, valued at approximately $439,319.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.18% of the company’s stock.
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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.
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