United Community Banks, Inc. (UCBI) Receives Consensus Recommendation of “Buy” from Analysts

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.

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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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