Brokerages Set United Community Banks, Inc. (NASDAQ:UCBI) Price Target at $30.60

United Community Banks, Inc. (NASDAQ:UCBI) has been assigned an average rating of “Hold” from the five analysts that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $30.60.

Several analysts recently weighed in on UCBI shares. Truist Financial lowered their price objective on United Community Banks from $31.00 to $28.00 and set a “hold” rating for the company in a report on Monday, April 1st. Piper Sandler dropped their price target on United Community Banks from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th.

Institutional Trading of United Community Banks

Several hedge funds have recently added to or reduced their stakes in UCBI. GAMMA Investing LLC bought a new stake in shares of United Community Banks during the fourth quarter valued at about $72,000. SG Americas Securities LLC bought a new stake in shares of United Community Banks during the 4th quarter worth about $115,000. FinTrust Capital Advisors LLC lifted its stake in shares of United Community Banks by 12.5% in the 4th quarter. FinTrust Capital Advisors LLC now owns 4,493 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 500 shares during the period. TFO Wealth Partners LLC boosted its holdings in shares of United Community Banks by 111,360.0% in the fourth quarter. TFO Wealth Partners LLC now owns 5,573 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 5,568 shares in the last quarter. Finally, Strs Ohio increased its stake in shares of United Community Banks by 17.6% during the fourth quarter. Strs Ohio now owns 6,000 shares of the financial services provider’s stock valued at $175,000 after acquiring an additional 900 shares during the period. Institutional investors own 82.29% of the company’s stock.

United Community Banks Price Performance

UCBI stock opened at $25.46 on Wednesday. The stock’s 50 day moving average is $25.64 and its two-hundred day moving average is $26.57. United Community Banks has a 52-week low of $21.63 and a 52-week high of $30.75. The company has a market capitalization of $3.03 billion, a PE ratio of 16.53 and a beta of 0.92. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.10.

United Community Banks (NASDAQ:UCBI) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The business had revenue of $225.80 million during the quarter, compared to analyst estimates of $232.00 million. United Community Banks had a net margin of 13.62% and a return on equity of 8.02%. The business’s revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 earnings per share. Analysts predict that United Community Banks will post 2.12 earnings per share for the current fiscal year.

United Community Banks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Saturday, June 15th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Friday, June 14th. United Community Banks’s dividend payout ratio (DPR) is 59.74%.

United Community Banks Company Profile

United Community Banks, Inc operates as the financial holding company for United Community Bank that provides financial products and services to commercial, retail, government, education, energy, health care, and real estate sectors. It accepts various deposit products, including checking, savings, money market, and other deposit accounts.