United Community Banks, Inc. (NASDAQ:UCBI) Receives Average Rating of “Hold” from Analysts

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United Community Banks, Inc. (NASDAQ:UCBI) has earned a consensus rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $30.00.

UCBI has been the topic of several research analyst reports. Zacks Investment Research raised United Community Banks from a “sell” rating to a “hold” rating in a research note on Friday, September 27th. DA Davidson initiated coverage on United Community Banks in a research note on Tuesday, August 20th. They issued a “neutral” rating on the stock. BidaskClub cut United Community Banks from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. Stephens reaffirmed a “hold” rating and set a $29.00 target price on shares of United Community Banks in a research report on Tuesday, October 22nd. Finally, ValuEngine cut United Community Banks from a “hold” rating to a “sell” rating in a research report on Tuesday, October 15th.

NASDAQ:UCBI traded down $0.36 during midday trading on Monday, hitting $30.64. The stock had a trading volume of 323,100 shares, compared to its average volume of 407,159. United Community Banks has a one year low of $20.23 and a one year high of $31.60. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 14.32 and a beta of 1.28. The stock has a 50-day moving average of $30.44 and a 200 day moving average of $28.21. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.17.

United Community Banks (NASDAQ:UCBI) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.05. United Community Banks had a return on equity of 12.24% and a net margin of 27.87%. The company had revenue of $148.37 million for the quarter, compared to analysts’ expectations of $143.91 million. During the same quarter in the prior year, the firm earned $0.55 earnings per share. United Community Banks’s revenue was up 8.9% compared to the same quarter last year. On average, sell-side analysts anticipate that United Community Banks will post 2.36 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 16th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.35%. The ex-dividend date is Friday, December 13th. This is a boost from United Community Banks’s previous quarterly dividend of $0.17. United Community Banks’s dividend payout ratio (DPR) is 31.78%.

In other United Community Banks news, CAO Alan H. Kumler sold 3,000 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $27.06, for a total transaction of $81,180.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 11,924 shares of company stock worth $347,834 in the last ninety days. Insiders own 1.18% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Millennium Management LLC acquired a new stake in shares of United Community Banks in the 3rd quarter worth $405,000. California State Teachers Retirement System boosted its position in shares of United Community Banks by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 122,779 shares of the financial services provider’s stock worth $3,481,000 after purchasing an additional 1,467 shares in the last quarter. Boston Advisors LLC boosted its position in shares of United Community Banks by 67.9% in the 3rd quarter. Boston Advisors LLC now owns 77,192 shares of the financial services provider’s stock worth $2,188,000 after purchasing an additional 31,223 shares in the last quarter. Mason Street Advisors LLC boosted its position in shares of United Community Banks by 1.8% in the 3rd quarter. Mason Street Advisors LLC now owns 26,852 shares of the financial services provider’s stock worth $761,000 after purchasing an additional 469 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of United Community Banks in the 3rd quarter worth $318,000. 90.91% of the stock is owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for United Community Banks (NASDAQ:UCBI)

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