BidaskClub Downgrades United Community Banks (UCBI) to Sell

BidaskClub lowered shares of United Community Banks (NASDAQ:UCBI) from a hold rating to a sell rating in a report issued on Saturday.

A number of other research analysts have also recently issued reports on UCBI. Zacks Investment Research cut United Community Banks from a buy rating to a hold rating and set a $31.00 price target for the company. in a report on Saturday. ValuEngine cut United Community Banks from a buy rating to a hold rating in a report on Tuesday, November 14th. Finally, SunTrust Banks reaffirmed a buy rating and issued a $33.00 price target on shares of United Community Banks in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. United Community Banks currently has an average rating of Buy and a consensus price target of $31.00.

United Community Banks (NASDAQ:UCBI) traded up $0.19 during trading on Friday, hitting $28.28. The company had a trading volume of 711,281 shares, compared to its average volume of 509,840. 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 has a fifty-two week low of $24.47 and a fifty-two week high of $29.84. The company has a market capitalization of $2,061.95, a PE ratio of 19.11 and a beta of 0.89.

United Community Banks (NASDAQ:UCBI) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.41. United Community Banks had a return on equity of 10.31% and a net margin of 23.09%. The business had revenue of $109.35 million during the quarter, compared to analysts’ expectations of $114.65 million. During the same period in the previous year, the business posted $0.36 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. equities analysts predict that United Community Banks will post 1.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 15th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.40 annualized dividend and a yield of 1.41%. United Community Banks’s dividend payout ratio is currently 27.03%.

A number of large investors have recently made changes to their positions in UCBI. Schwab Charles Investment Management Inc. raised its holdings in United Community Banks by 0.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 477,822 shares of the financial services provider’s stock worth $13,284,000 after purchasing an additional 4,382 shares during the last quarter. Legal & General Group Plc raised its holdings in United Community Banks by 11.0% during the 2nd quarter. Legal & General Group Plc now owns 136,962 shares of the financial services provider’s stock worth $3,808,000 after purchasing an additional 13,539 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in United Community Banks by 52.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 22,098 shares of the financial services provider’s stock worth $614,000 after purchasing an additional 7,632 shares during the last quarter. Federated Investors Inc. PA raised its holdings in United Community Banks by 7.1% during the 2nd quarter. Federated Investors Inc. PA now owns 17,500 shares of the financial services provider’s stock worth $487,000 after purchasing an additional 1,163 shares during the last quarter. Finally, Prudential Financial Inc. raised its holdings in United Community Banks by 26.5% during the 2nd quarter. Prudential Financial Inc. now owns 422,742 shares of the financial services provider’s stock worth $11,752,000 after purchasing an additional 88,690 shares during the last quarter. 87.67% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for United Community Banks (NASDAQ:UCBI)

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