United Community Banks (NASDAQ:UCBI) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday, January 6th.
Several other brokerages also recently issued reports on UCBI. Zacks Investment Research downgraded United Community Banks from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. ValuEngine downgraded United Community Banks from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, SunTrust Banks restated a “buy” rating and issued a $33.00 price objective on shares of United Community Banks in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $31.00.
Shares of United Community Banks (UCBI) opened at $30.86 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $2,265.28, a price-to-earnings ratio of 20.85 and a beta of 0.89. United Community Banks has a 12-month low of $24.47 and a 12-month high of $31.37.
Large investors have recently made changes to their positions in the business. Zions Bancorporation acquired a new stake in United Community Banks during the third quarter worth about $115,000. Riverhead Capital Management LLC increased its stake in United Community Banks by 134.3% during the second quarter. Riverhead Capital Management LLC now owns 5,390 shares of the financial services provider’s stock worth $150,000 after acquiring an additional 3,090 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in United Community Banks during the third quarter worth about $200,000. Magnetar Financial LLC acquired a new stake in United Community Banks during the third quarter worth about $201,000. Finally, Palouse Capital Management Inc. acquired a new stake in United Community Banks during the third quarter worth about $207,000. Institutional investors own 87.67% of the company’s stock.
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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.
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