United Community Banks (UCBI) Upgraded by Keefe, Bruyette & Woods to “Outperform”

United Community Banks (NASDAQ:UCBI) was upgraded by equities researchers at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued on Thursday, MarketBeat reports.

UCBI has been the subject of a number of other research reports. Zacks Investment Research upgraded United Community Banks from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Wednesday, September 27th. BidaskClub upgraded United Community Banks from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. SunTrust Banks reiterated a “buy” rating and set a $33.00 target price on shares of United Community Banks in a report on Thursday, October 12th. Finally, ValuEngine cut United Community Banks from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $31.00.

United Community Banks (NASDAQ UCBI) traded down $0.09 during mid-day trading on Thursday, reaching $32.08. The company’s stock had a trading volume of 336,536 shares, compared to its average volume of 502,933. The company has a market cap of $2,350.00, a PE ratio of 35.64 and a beta of 0.89. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.80 and a current ratio of 0.81. United Community Banks has a 52-week low of $24.47 and a 52-week high of $32.71.

United Community Banks (NASDAQ:UCBI) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.01. The firm had revenue of $118.24 million during the quarter, compared to analysts’ expectations of $118.26 million. United Community Banks had a return on equity of 10.12% and a net margin of 14.14%. The company’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 EPS. equities analysts expect that United Community Banks will post 2.18 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Zions Bancorporation bought a new position in shares of United Community Banks in the 3rd quarter valued at about $115,000. Riverhead Capital Management LLC grew its holdings in shares of 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 acquiring an additional 3,090 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of United Community Banks in the 3rd quarter valued at about $200,000. Magnetar Financial LLC bought a new position in shares of United Community Banks in the 3rd quarter valued at about $201,000. Finally, Palouse Capital Management Inc. bought a new position in shares of United Community Banks in the 3rd quarter valued at about $207,000. Institutional investors own 87.71% 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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