United Community Banks Upgraded to Buy by SunTrust (UCBI)
United Community Banks (NASDAQ:UCBI) was upgraded by equities research analysts at SunTrust to a “buy” rating in a research note issued to investors on Wednesday. The firm currently has a $19.00 price target on the stock, up from their previous price target of $18.00. SunTrust’s target price would suggest a potential upside of 18.01% from the company’s current price.
UCBI has been the subject of a number of other recent research reports. Analysts at Sandler O’Neill reiterated a “buy” rating on shares of United Community Banks in a research note on Thursday, June 5th. Analysts at Raymond James reiterated a “buy” rating on shares of United Community Banks in a research note on Monday, June 2nd. They now have a $19.00 price target on the stock, down previously from $20.50. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $18.88.
Shares of United Community Banks (NASDAQ:UCBI) opened at 16.10 on Wednesday. United Community Banks has a 1-year low of $14.46 and a 1-year high of $20.28. The stock’s 50-day moving average is $16.13 and its 200-day moving average is $16.88. The company has a market cap of $968.3 million and a P/E ratio of 17.09.
United Community Banks (NASDAQ:UCBI) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.27 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.27. During the same quarter last year, the company posted $3.90 earnings per share. Analysts expect that United Community Banks will post $1.10 EPS for the current fiscal year.
United Community Banks, Inc (NASDAQ:UCBI) is a bank holding company.
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