United Community Banks, Inc. (UCBI) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of United Community Banks, Inc. (NASDAQ:UCBI) from a buy rating to a hold rating in a research report report published on Wednesday morning.

According to Zacks, “United Community Bank 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. The community banks offer a range of retail and corporate banking services, including checking, savings and time deposit accounts, secured and unsecured loans, wire transfers, brokerage services and other financial services. The Company operates through its subsidiary, United Community Bank, Blairsville, Georgia (the Bank). The Bank owns an insurance agency, United Community Insurance Services, Inc., known as United Community Advisory Services, which is a subsidiary of the Bank. “

Other equities research analysts have also recently issued reports about the stock. SunTrust Banks, Inc. reiterated a buy rating and set a $33.00 price objective on shares of United Community Banks in a research report on Thursday, October 12th. Stephens reiterated a hold rating and set a $29.00 price objective on shares of United Community Banks in a research report on Wednesday, July 26th. BidaskClub cut shares of United Community Banks from a buy rating to a hold rating in a research report on Thursday, July 13th. FIG Partners upgraded shares of United Community Banks from a market perform rating to an outperform rating and set a $32.00 price objective for the company in a research report on Wednesday, August 16th. Finally, Raymond James Financial, Inc. decreased their price objective on shares of United Community Banks from $32.00 to $31.00 and set a strong-buy rating for the company in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $31.00.

United Community Banks (UCBI) traded up 0.53% during mid-day trading on Wednesday, reaching $28.54. 184,836 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $27.29 and a 200-day moving average of $27.18. United Community Banks has a 12 month low of $20.26 and a 12 month high of $30.47. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 19.55 and a beta of 0.87.

United Community Banks (NASDAQ:UCBI) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. United Community Banks had a net margin of 23.07% and a return on equity of 10.42%. The company had revenue of $108.00 million during the quarter, compared to analysts’ expectations of $110.49 million. During the same period in the prior year, the company posted $0.36 earnings per share. United Community Banks’s revenue for the quarter was up 9.4% compared to the same quarter last year. Analysts anticipate that United Community Banks will post $1.62 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “United Community Banks, Inc. (UCBI) Downgraded by Zacks Investment Research” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/21/united-community-banks-inc-ucbi-downgraded-by-zacks-investment-research.html.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Friday, September 15th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.40%. This is a boost from United Community Banks’s previous quarterly dividend of $0.09. The ex-dividend date was Thursday, September 14th. United Community Banks’s dividend payout ratio (DPR) is presently 27.40%.

In other United Community Banks news, EVP Robert A. Edwards sold 11,550 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $26.06, for a total value of $300,993.00. Following the completion of the sale, the executive vice president now directly owns 16,858 shares in the company, valued at $439,319.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.18% of the company’s stock.

A number of large investors have recently bought and sold shares of UCBI. BlackRock Inc. grew its holdings in United Community Banks by 20,108.8% in the first quarter. BlackRock Inc. now owns 9,233,176 shares of the financial services provider’s stock worth $255,666,000 after purchasing an additional 9,187,487 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in shares of United Community Banks during the second quarter valued at about $46,246,000. State Street Corp grew its holdings in shares of United Community Banks by 53.8% during the first quarter. State Street Corp now owns 3,289,230 shares of the financial services provider’s stock valued at $91,081,000 after buying an additional 1,151,048 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of United Community Banks by 8.0% during the first quarter. Vanguard Group Inc. now owns 6,111,857 shares of the financial services provider’s stock valued at $169,237,000 after buying an additional 451,364 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of United Community Banks by 14.0% during the second quarter. Schroder Investment Management Group now owns 2,255,122 shares of the financial services provider’s stock valued at $63,076,000 after buying an additional 276,341 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

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 e

According to Zacks, “United Community Bank 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. The community banks offer a range of retail and corporate banking services, including checking, savings and time deposit accounts, secured and unsecured loans, wire transfers, brokerage services and other financial services. The Company operates through its subsidiary, United Community Bank, Blairsville, Georgia (the Bank). The Bank owns an insurance agency, United Community Insurance Services, Inc., known as United Community Advisory Services, which is a subsidiary of the Bank. “

Other equities research analysts have also recently issued reports about the stock. SunTrust Banks, Inc. reiterated a buy rating and set a $33.00 price objective on shares of United Community Banks in a research report on Thursday, October 12th. Stephens reiterated a hold rating and set a $29.00 price objective on shares of United Community Banks in a research report on Wednesday, July 26th. BidaskClub cut shares of United Community Banks from a buy rating to a hold rating in a research report on Thursday, July 13th. FIG Partners upgraded shares of United Community Banks from a market perform rating to an outperform rating and set a $32.00 price objective for the company in a research report on Wednesday, August 16th. Finally, Raymond James Financial, Inc. decreased their price objective on shares of United Community Banks from $32.00 to $31.00 and set a strong-buy rating for the company in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $31.00.

United Community Banks (UCBI) traded up 0.53% during mid-day trading on Wednesday, reaching $28.54. 184,836 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $27.29 and a 200-day moving average of $27.18. United Community Banks has a 12 month low of $20.26 and a 12 month high of $30.47. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 19.55 and a beta of 0.87.

United Community Banks (NASDAQ:UCBI) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. United Community Banks had a net margin of 23.07% and a return on equity of 10.42%. The company had revenue of $108.00 million during the quarter, compared to analysts’ expectations of $110.49 million. During the same period in the prior year, the company posted $0.36 earnings per share. United Community Banks’s revenue for the quarter was up 9.4% compared to the same quarter last year. Analysts anticipate that United Community Banks will post $1.62 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “United Community Banks, Inc. (UCBI) Downgraded by Zacks Investment Research” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/21/united-community-banks-inc-ucbi-downgraded-by-zacks-investment-research.html.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Friday, September 15th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.40%. This is a boost from United Community Banks’s previous quarterly dividend of $0.09. The ex-dividend date was Thursday, September 14th. United Community Banks’s dividend payout ratio (DPR) is presently 27.40%.

In other United Community Banks news, EVP Robert A. Edwards sold 11,550 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $26.06, for a total value of $300,993.00. Following the completion of the sale, the executive vice president now directly owns 16,858 shares in the company, valued at $439,319.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.18% of the company’s stock.

A number of large investors have recently bought and sold shares of UCBI. BlackRock Inc. grew its holdings in United Community Banks by 20,108.8% in the first quarter. BlackRock Inc. now owns 9,233,176 shares of the financial services provider’s stock worth $255,666,000 after purchasing an additional 9,187,487 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in shares of United Community Banks during the second quarter valued at about $46,246,000. State Street Corp grew its holdings in shares of United Community Banks by 53.8% during the first quarter. State Street Corp now owns 3,289,230 shares of the financial services provider’s stock valued at $91,081,000 after buying an additional 1,151,048 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of United Community Banks by 8.0% during the first quarter. Vanguard Group Inc. now owns 6,111,857 shares of the financial services provider’s stock valued at $169,237,000 after buying an additional 451,364 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of United Community Banks by 14.0% during the second quarter. Schroder Investment Management Group now owns 2,255,122 shares of the financial services provider’s stock valued at $63,076,000 after buying an additional 276,341 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

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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