United Community Banks Inc. Hits New 52-Week High at $16.07 (UCBI)
Shares of United Community Banks (NASDAQ:UCBI) hit a new 52-week high during trading hours on Friday, Stock Ratings Network.com reports. The company traded as high as $16.07 and last traded at $15.85, with a volume of 389,282 shares trading hands. The stock had previously closed at $15.92.
UCBI has been the subject of a number of recent research reports. Analysts at SunTrust raised their price target on shares of United Community Banks from $14.00 to $15.50 in a research note to investors on Tuesday, August 20th. They now have a “neutral” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of United Community Banks from $4.00 to $15.00 in a research note to investors on Friday, July 26th. Finally, analysts at Guggenheim raised their price target on shares of United Community Banks from $13.00 to $14.00 in a research note to investors on Friday, July 26th. They now have a “neutral” rating on the stock. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $14.70.
United Community Banks has a 1-year low of $8.01 and a 1-year high of $16.04. The stock has a 50-day moving average of $15.23 and a 200-day moving average of $13.15. The company has a market cap of $913.3 million and a price-to-earnings ratio of 3.77.
United Community Banks (NASDAQ:UCBI) last released its earnings data on Thursday, July 25th. The company reported $3.90 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $3.94. During the same quarter in the previous year, the company posted $0.06 earnings per share. On average, analysts predict that United Community Banks will post $4.45 earnings per share for the current fiscal year.
United Community Banks, Inc (NASDAQ:UCBI) is a bank holding company.
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