United Community Banks (UCBI) Cut to “Sell” at BidaskClub

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.

United Community Banks (NASDAQ:UCBI) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.41 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.41. United Community Banks had a return on equity of 10.31% and a net margin of 23.09%. The company had revenue of $109.35 million for the quarter, compared to the consensus estimate of $114.65 million. During the same period in the previous year, the business earned $0.36 earnings per share. United Community Banks’s quarterly revenue was up 3.5% compared to the same quarter last year. equities analysts predict that United Community Banks will post 1.63 EPS for the current year.

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.

Analyst Recommendations for United Community Banks (NASDAQ:UCBI)

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