United Community Banks (NASDAQ:UCBI) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Several other brokerages have also recently issued reports on UCBI. SunTrust Banks restated a “buy” rating and issued a $33.00 price target on shares of United Community Banks in a research report on Thursday, October 12th. Zacks Investment Research upgraded shares of United Community Banks from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Wednesday, December 27th. Finally, ValuEngine cut shares of United Community Banks from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $31.00.

Shares of United Community Banks (NASDAQ UCBI) traded down $0.23 during midday trading on Tuesday, reaching $30.63. 338,300 shares of the company’s stock traded hands, compared to its average volume of 463,482. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.80 and a current ratio of 0.81. United Community Banks has a 1 year low of $24.47 and a 1 year high of $31.37. The firm has a market cap of $2,250.00, a PE ratio of 20.84 and a beta of 0.89.

United Community Banks (NASDAQ:UCBI) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. United Community Banks had a net margin of 23.09% and a return on equity of 10.31%. The firm 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 company posted $0.36 EPS. The company’s revenue was up 3.5% on a year-over-year basis. analysts expect that United Community Banks will post 1.63 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of United Community Banks by 20,108.8% during the first quarter. BlackRock Inc. now owns 9,233,176 shares of the financial services provider’s stock worth $255,666,000 after buying an additional 9,187,487 shares during the period. Vanguard Group Inc. increased its position in shares of United Community Banks by 1.7% during the second quarter. Vanguard Group Inc. now owns 6,212,727 shares of the financial services provider’s stock worth $172,714,000 after buying an additional 100,870 shares during the period. BlackRock Fund Advisors increased its position in shares of United Community Banks by 8.6% during the third quarter. BlackRock Fund Advisors now owns 4,864,853 shares of the financial services provider’s stock worth $102,259,000 after buying an additional 385,805 shares during the period. Dimensional Fund Advisors LP increased its position in shares of United Community Banks by 2.6% during the third quarter. Dimensional Fund Advisors LP now owns 3,315,185 shares of the financial services provider’s stock worth $94,615,000 after buying an additional 83,398 shares during the period. Finally, State Street Corp increased its position in shares of United Community Banks by 53.8% during the first quarter. State Street Corp now owns 3,289,230 shares of the financial services provider’s stock worth $91,081,000 after buying an additional 1,151,048 shares during the period. Institutional investors own 87.67% of the company’s stock.

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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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