United Community Banks, Inc. (NASDAQ:UCBI) has been assigned an average recommendation of “Buy” from the ten brokerages that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $31.00.

A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of United Community Banks from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Wednesday, September 27th. BidaskClub raised shares of United Community Banks from a “sell” rating to a “hold” rating in a research report on Tuesday. SunTrust Banks reaffirmed a “buy” rating and set a $33.00 target price on shares of United Community Banks in a research report on Thursday, October 12th. Finally, ValuEngine lowered shares of United Community Banks from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th.

Shares of United Community Banks (NASDAQ:UCBI) opened at $30.44 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.80. United Community Banks has a one year low of $24.47 and a one year high of $31.37. The firm has a market cap of $2,248.40, a price-to-earnings ratio of 20.57 and a beta of 0.89.

United Community Banks (NASDAQ:UCBI) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.41 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.41. United Community Banks had a net margin of 23.09% and a return on equity of 10.31%. 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 previous year, the company earned $0.36 earnings per share. United Community Banks’s revenue for the quarter was up 3.5% on a year-over-year basis. research analysts anticipate that United Community Banks will post 1.63 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 15th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Thursday, December 14th. United Community Banks’s dividend payout ratio (DPR) is currently 27.03%.

A number of hedge funds have recently made changes to their positions in the stock. Zions Bancorporation bought a new stake in United Community Banks in the 3rd quarter valued at $115,000. Riverhead Capital Management LLC increased its holdings in United Community Banks by 134.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,390 shares of the financial services provider’s stock valued at $150,000 after buying an additional 3,090 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in United Community Banks in the 3rd quarter valued at $200,000. Magnetar Financial LLC bought a new stake in United Community Banks in the 3rd quarter valued at $201,000. Finally, Palouse Capital Management Inc. bought a new stake in United Community Banks in the 3rd quarter valued at $207,000. 87.67% of the stock is currently owned by institutional investors and hedge funds.

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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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