Media coverage about United Community Banks (NASDAQ:UCBI) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. United Community Banks earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 47.4654815305324 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of United Community Banks (NASDAQ:UCBI) traded up $0.22 during mid-day trading on Friday, reaching $33.25. The company’s stock had a trading volume of 1,476,449 shares, compared to its average volume of 438,440. The company has a market capitalization of $2,612.97, a P/E ratio of 35.37 and a beta of 0.91. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.81 and a current ratio of 0.81. United Community Banks has a 1-year low of $24.47 and a 1-year high of $33.59.
United Community Banks (NASDAQ:UCBI) last issued its earnings results on Tuesday, January 23rd. The financial services provider reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.01. The business had revenue of $118.24 million during the quarter, compared to the consensus estimate of $118.26 million. United Community Banks had a return on equity of 10.12% and a net margin of 14.14%. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 earnings per share. research analysts predict that United Community Banks will post 2.22 EPS for the current year.
Several equities analysts have commented on UCBI shares. BidaskClub upgraded United Community Banks from a “hold” rating to a “buy” rating in a research report on Saturday, February 10th. Zacks Investment Research upgraded United Community Banks from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Wednesday, December 27th. Finally, Keefe, Bruyette & Woods upgraded United Community Banks from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $31.00.
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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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