Shares of United Community Banks, Inc. (NASDAQ:UCBI) have been assigned an average rating of “Buy” from the ten research firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $31.17.
Several brokerages have recently issued reports on UCBI. BidaskClub upgraded United Community Banks from a “hold” rating to a “buy” rating in a research note on Saturday, February 10th. Keefe, Bruyette & Woods upgraded United Community Banks from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 25th. Zacks Investment Research lowered United Community Banks from a “buy” rating to a “hold” rating in a report on Saturday, October 28th. Finally, ValuEngine lowered United Community Banks from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th.
Shares of United Community Banks (NASDAQ UCBI) traded up $0.21 during midday trading on Tuesday, hitting $31.90. The stock had a trading volume of 445,173 shares, compared to its average volume of 533,543. The firm has a market capitalization of $2,523.58, a PE ratio of 33.94 and a beta of 0.91. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.81 and a current ratio of 0.81. United Community Banks has a twelve month low of $24.47 and a twelve month high of $32.71.
United Community Banks (NASDAQ:UCBI) last announced its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. The business had revenue of $118.24 million for the quarter, compared to analysts’ expectations of $118.26 million. United Community Banks had a return on equity of 10.12% and a net margin of 14.14%. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the firm earned $0.40 earnings per share. sell-side analysts expect that United Community Banks will post 2.21 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 15th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Wednesday, March 14th. This is a positive change from United Community Banks’s previous quarterly dividend of $0.10. United Community Banks’s dividend payout ratio is 42.55%.
A number of large investors have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC purchased a new position in United Community Banks in the fourth quarter valued at $6,781,000. MetLife Investment Advisors LLC purchased a new position in United Community Banks in the fourth quarter valued at $971,000. Glenmede Trust Co. NA increased its holdings in United Community Banks by 6.6% in the fourth quarter. Glenmede Trust Co. NA now owns 1,601,140 shares of the financial services provider’s stock valued at $45,053,000 after buying an additional 99,383 shares during the last quarter. Verition Fund Management LLC purchased a new position in United Community Banks in the fourth quarter valued at $290,000. Finally, Millennium Management LLC increased its holdings in United Community Banks by 9.4% in the fourth quarter. Millennium Management LLC now owns 846,401 shares of the financial services provider’s stock valued at $23,818,000 after buying an additional 72,609 shares during the last quarter. 83.14% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY WARNING: This story was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://ledgergazette.com/2018/02/18/united-community-banks-inc-ucbi-receives-consensus-recommendation-of-buy-from-analysts.html.
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.
Receive News & Ratings for United Community Banks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Community Banks and related companies with MarketBeat.com's FREE daily email newsletter.