United Community Banks Inc. Hits New 52-Week High at $18.99 (UCBI)
Shares of United Community Banks (NASDAQ:UCBI) hit a new 52-week high during trading hours on Thursday, Stock Ratings News reports. The company traded as high as $18.99 and last traded at $18.84, with a volume of 1,482,607 shares trading hands. The stock had previously closed at $17.91.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of United Community Banks from $15.00 to $18.00 in a research note to investors on Monday, October 28th. They now have an “outperform” rating on the stock. Separately, analysts at Guggenheim raised their price target on shares of United Community Banks from $14.00 to $15.50 in a research note to investors on Monday, October 28th. They now have a “neutral” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of United Community Banks from $16.00 to $19.00 in a research note to investors on Friday, October 25th. They now have a “strong-buy” rating on the stock. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $16.20.
United Community Banks (NASDAQ:UCBI) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. During the same quarter in the previous year, the company posted $0.13 earnings per share.
United Community Banks, Inc (NASDAQ:UCBI) is a bank holding company.
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