Weekly Analysts’ Ratings Updates for United Community Banks (UCBI)

United Community Banks (NASDAQ: UCBI) has recently received a number of price target changes and ratings updates:

  • 10/28/2017 – United Community Banks was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “United Community Bank 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. The community banks offer a range of retail and corporate banking services, including checking, savings and time deposit accounts, secured and unsecured loans, wire transfers, brokerage services and other financial services. The Company operates through its subsidiary, United Community Bank, Blairsville, Georgia (the Bank). The Bank owns an insurance agency, United Community Insurance Services, Inc., known as United Community Advisory Services, which is a subsidiary of the Bank. “
  • 10/27/2017 – United Community Banks was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $32.00 price target on the stock. According to Zacks, “United Community Bank 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. The community banks offer a range of retail and corporate banking services, including checking, savings and time deposit accounts, secured and unsecured loans, wire transfers, brokerage services and other financial services. The Company operates through its subsidiary, United Community Bank, Blairsville, Georgia (the Bank). The Bank owns an insurance agency, United Community Insurance Services, Inc., known as United Community Advisory Services, which is a subsidiary of the Bank. “
  • 10/18/2017 – United Community Banks was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “United Community Bank 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. The community banks offer a range of retail and corporate banking services, including checking, savings and time deposit accounts, secured and unsecured loans, wire transfers, brokerage services and other financial services. The Company operates through its subsidiary, United Community Bank, Blairsville, Georgia (the Bank). The Bank owns an insurance agency, United Community Insurance Services, Inc., known as United Community Advisory Services, which is a subsidiary of the Bank. “
  • 10/12/2017 – United Community Banks had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $33.00 price target on the stock.
  • 9/27/2017 – United Community Banks was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $30.00 price target on the stock. According to Zacks, “United Community Bank 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. The community banks offer a range of retail and corporate banking services, including checking, savings and time deposit accounts, secured and unsecured loans, wire transfers, brokerage services and other financial services. The Company operates through its subsidiary, United Community Bank, Blairsville, Georgia (the Bank). The Bank owns an insurance agency, United Community Insurance Services, Inc., known as United Community Advisory Services, which is a subsidiary of the Bank. “

Shares of United Community Banks, Inc. (UCBI) opened at 28.15 on Monday. United Community Banks, Inc. has a 12-month low of $21.01 and a 12-month high of $30.47. The company has a market capitalization of $2.00 billion, a PE ratio of 19.28 and a beta of 0.87. The firm’s 50-day moving average price is $27.64 and its 200-day moving average price is $27.24.

United Community Banks (NASDAQ:UCBI) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. The business had revenue of $109.35 million during the quarter, compared to the consensus estimate of $114.65 million. United Community Banks had a net margin of 23.09% and a return on equity of 10.31%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 earnings per share. On average, analysts expect that United Community Banks, Inc. will post $1.62 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Friday, September 15th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.42%. This is an increase from United Community Banks’s previous quarterly dividend of $0.09. United Community Banks’s dividend payout ratio is 27.03%.

In other United Community Banks news, EVP Robert A. Edwards sold 11,550 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $26.06, for a total value of $300,993.00. Following the completion of the transaction, the executive vice president now owns 16,858 shares in the company, valued at $439,319.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.18% of the company’s stock.

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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