United Community Banks (NASDAQ:UCBI) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research cut United Community Banks from a “buy” rating to a “hold” rating in a report on Saturday, October 28th. SunTrust Banks reissued a “buy” rating and issued a $33.00 target price on shares of United Community Banks in a report on Thursday, October 12th. FIG Partners raised United Community Banks from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a report on Wednesday, August 16th. Finally, ValuEngine cut United Community Banks from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $31.25.

United Community Banks (NASDAQ:UCBI) opened at $28.11 on Friday. United Community Banks has a twelve month low of $24.47 and a twelve month high of $30.47. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $2,060.00, a P/E ratio of 17.52 and a beta of 0.88.

United Community Banks (NASDAQ:UCBI) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.41. United Community Banks had a return on equity of 10.31% and a net margin of 23.09%. The business had revenue of $109.35 million during the quarter, compared to analysts’ expectations of $114.65 million. During the same period in the prior year, the firm posted $0.36 EPS. United Community Banks’s quarterly revenue was up 3.5% compared to the same quarter last year. research analysts predict that United Community Banks will post 1.63 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in United Community Banks by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 6,212,727 shares of the financial services provider’s stock valued at $172,714,000 after purchasing an additional 100,870 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in United Community Banks by 2.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,315,185 shares of the financial services provider’s stock valued at $94,615,000 after purchasing an additional 83,398 shares in the last quarter. Schroder Investment Management Group increased its holdings in United Community Banks by 4.8% during the 3rd quarter. Schroder Investment Management Group now owns 2,363,499 shares of the financial services provider’s stock valued at $67,076,000 after purchasing an additional 108,377 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in United Community Banks by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,192,853 shares of the financial services provider’s stock valued at $60,960,000 after purchasing an additional 6,220 shares in the last quarter. Finally, FMR LLC increased its holdings in United Community Banks by 11.1% during the 2nd quarter. FMR LLC now owns 1,954,112 shares of the financial services provider’s stock valued at $54,324,000 after purchasing an additional 194,762 shares in the last quarter. 87.69% of the stock is 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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