United Community Banks, Inc. (UCBI) Receives Average Recommendation of “Buy” from Analysts

United Community Banks, Inc. (NASDAQ:UCBI) has been assigned an average rating of “Buy” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $31.17.

Several analysts recently commented on UCBI shares. Zacks Investment Research cut shares of United Community Banks from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. ValuEngine cut shares of United Community Banks from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. BidaskClub cut shares of United Community Banks from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Finally, Keefe, Bruyette & Woods upgraded shares of United Community Banks from a “market perform” rating to an “outperform” rating in a report on Thursday, January 25th.

Shares of United Community Banks (UCBI) opened at $30.38 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.48. The company has a market cap of $2,230.00, a P/E ratio of 33.76 and a beta of 0.91. United Community Banks has a fifty-two week low of $24.47 and a fifty-two week high of $32.71.

United Community Banks (NASDAQ:UCBI) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.42 EPS for the quarter, topping the consensus estimate of $0.41 by $0.01. The business had revenue of $118.24 million during the quarter, compared to analysts’ expectations of $118.26 million. United Community Banks had a net margin of 14.14% and a return on equity of 10.12%. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the company posted $0.40 earnings per share. analysts anticipate that United Community Banks will post 2.21 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 15th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.58%. The ex-dividend date is Wednesday, March 14th. This is a positive change from United Community Banks’s previous quarterly dividend of $0.10. United Community Banks’s dividend payout ratio (DPR) is presently 44.44%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. RiverGlades Family Offices LLC bought a new position in United Community Banks during the fourth quarter valued at approximately $394,000. American International Group Inc. raised its position in United Community Banks by 3.0% during the fourth quarter. American International Group Inc. now owns 58,018 shares of the financial services provider’s stock valued at $1,633,000 after acquiring an additional 1,709 shares in the last quarter. Virtu Financial LLC bought a new position in United Community Banks during the fourth quarter valued at approximately $355,000. UBS Asset Management Americas Inc. raised its position in United Community Banks by 18.0% during the fourth quarter. UBS Asset Management Americas Inc. now owns 52,697 shares of the financial services provider’s stock valued at $1,483,000 after acquiring an additional 8,042 shares in the last quarter. Finally, BlackRock Inc. raised its position in United Community Banks by 3.6% during the fourth quarter. BlackRock Inc. now owns 10,158,810 shares of the financial services provider’s stock valued at $285,869,000 after acquiring an additional 352,963 shares in the last quarter. 83.14% of the stock is currently owned by hedge funds and other institutional investors.

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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)

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