United Community Banks, Inc. (NASDAQ:UCBI)‘s stock had its “buy” rating restated by analysts at SunTrust Banks, Inc. in a research report issued to clients and investors on Thursday. They currently have a $33.00 target price on the financial services provider’s stock. SunTrust Banks, Inc.’s price target would suggest a potential upside of 16.61% from the stock’s current price.

Several other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of United Community Banks from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Stephens reiterated a “hold” rating and issued a $30.00 price objective on shares of United Community Banks in a research note on Tuesday, June 27th. Raymond James Financial, Inc. lowered their price objective on shares of United Community Banks from $32.00 to $31.00 and set a “strong-buy” rating for the company in a research note on Thursday, July 27th. BidaskClub lowered shares of United Community Banks from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, FIG Partners upgraded shares of United Community Banks from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $31.00.

Shares of United Community Banks (UCBI) traded down 0.53% on Thursday, reaching $28.30. 261,199 shares of the company were exchanged. The company’s 50-day moving average price is $26.86 and its 200 day moving average price is $27.12. United Community Banks has a 12 month low of $20.26 and a 12 month high of $30.47. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 19.38 and a beta of 0.87.

United Community Banks (NASDAQ:UCBI) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The company had revenue of $108.00 million during the quarter, compared to analyst estimates of $110.49 million. United Community Banks had a net margin of 23.07% and a return on equity of 10.42%. United Community Banks’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS. On average, equities research analysts expect that United Community Banks will post $1.63 EPS for the current year.

TRADEMARK VIOLATION WARNING: This story was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/10/12/united-community-banks-ucbi-buy-rating-reiterated-at-suntrust-banks-inc.html.

In related news, EVP Robert A. Edwards sold 11,550 shares of United Community Banks stock in a transaction on Friday, August 11th. The shares were sold at an average price of $26.06, for a total value of $300,993.00. Following the completion of the sale, the executive vice president now owns 16,858 shares of the company’s stock, valued at approximately $439,319.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.18% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Phocas Financial Corp. grew its position in United Community Banks by 4.7% in the 2nd quarter. Phocas Financial Corp. now owns 687,563 shares of the financial services provider’s stock valued at $19,114,000 after purchasing an additional 30,688 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in United Community Banks in the 2nd quarter valued at $427,000. Susquehanna International Group LLP acquired a new stake in United Community Banks in the 2nd quarter valued at $514,000. The Manufacturers Life Insurance Company grew its position in United Community Banks by 1.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 54,719 shares of the financial services provider’s stock valued at $1,522,000 after purchasing an additional 737 shares during the period. Finally, BlueCrest Capital Management Ltd acquired a new stake in United Community Banks in the 2nd quarter valued at $2,147,000. 86.71% of the stock is owned by institutional investors and hedge funds.

About United Community Banks

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)

Receive News & Ratings for United Community Banks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Community Banks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.