United Community Banks (UCBI) PT Lowered to $25.00 at SunTrust Banks

Share on StockTwits

United Community Banks (NASDAQ:UCBI) had its target price lowered by equities researchers at SunTrust Banks to $25.00 in a research report issued to clients and investors on Thursday, October 25th, The Fly reports. The firm currently has a “hold” rating on the financial services provider’s stock. SunTrust Banks’ price target would indicate a potential downside of 3.25% from the company’s previous close. SunTrust Banks also issued estimates for United Community Banks’ Q1 2019 earnings at $0.55 EPS, Q2 2019 earnings at $0.58 EPS, Q3 2019 earnings at $0.59 EPS and FY2019 earnings at $2.33 EPS. The analysts noted that the move was a valuation call.

Several other brokerages have also issued reports on UCBI. Zacks Investment Research upgraded shares of United Community Banks from a “sell” rating to a “hold” rating in a report on Tuesday, August 21st. FIG Partners restated an “outperform” rating on shares of United Community Banks in a report on Thursday, September 20th. BidaskClub lowered shares of United Community Banks from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 28th. ValuEngine lowered shares of United Community Banks from a “hold” rating to a “sell” rating in a report on Friday, September 28th. Finally, Hovde Group set a $34.00 price target on shares of United Community Banks and gave the stock a “buy” rating in a research note on Monday, July 30th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. United Community Banks presently has an average rating of “Hold” and an average price target of $28.40.

Shares of UCBI stock traded up $0.38 on Thursday, hitting $25.84. 480,877 shares of the stock traded hands, compared to its average volume of 455,957. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 12.67 and a beta of 0.99. United Community Banks has a twelve month low of $22.83 and a twelve month high of $34.18. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.42.

United Community Banks (NASDAQ:UCBI) last issued its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. The firm had revenue of $134.50 million for the quarter, compared to analyst estimates of $136.53 million. United Community Banks had a net margin of 19.16% and a return on equity of 11.64%. United Community Banks’s revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. As a group, equities research analysts predict that United Community Banks will post 2.14 EPS for the current year.

A number of large investors have recently modified their holdings of UCBI. Itau Unibanco Holding S.A. purchased a new stake in United Community Banks during the second quarter worth about $108,000. Mount Yale Investment Advisors LLC purchased a new stake in United Community Banks during the first quarter worth about $114,000. WINTON GROUP Ltd purchased a new stake in United Community Banks during the third quarter worth about $203,000. Intrust Bank NA purchased a new stake in shares of United Community Banks during the second quarter worth approximately $209,000. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of United Community Banks during the third quarter worth approximately $214,000. Institutional investors own 87.92% of the company’s stock.

About United Community Banks

United Community Banks, Inc operates as the bank holding company for United Community Bank that provides retail and corporate banking services to individuals and businesses. It offers various deposit accounts, such as checking accounts, savings and time deposits accounts, NOW accounts, money market deposits, and certificates of deposit.

Featured Story: Can individual investors take part in an IPO?

The Fly

Analyst Recommendations for United Community Banks (NASDAQ:UCBI)

Receive News & Ratings for United Community Banks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Community Banks and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.