United Community Banks (UCBI) Earns Hold Rating from Stephens

Stephens restated their hold rating on shares of United Community Banks (NASDAQ:UCBI) in a report issued on Thursday morning. Stephens currently has a $24.00 target price on the financial services provider’s stock.

UCBI has been the topic of several other reports. BidaskClub downgraded shares of United Community Banks from a buy rating to a hold rating in a research note on Wednesday, June 27th. Zacks Investment Research raised shares of United Community Banks from a sell rating to a hold rating in a research note on Friday, October 5th. Hovde Group set a $34.00 price target on shares of United Community Banks and gave the stock a buy rating in a research note on Monday, July 30th. ValuEngine downgraded shares of United Community Banks from a hold rating to a sell rating in a research note on Friday, September 28th. Finally, FIG Partners reissued an outperform rating on shares of United Community Banks in a research note on Thursday, September 20th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $28.40.

UCBI stock opened at $23.78 on Thursday. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 14.59 and a beta of 0.91. United Community Banks has a one year low of $22.83 and a one year high of $34.18. The company has a current ratio of 0.82, a quick ratio of 0.84 and a debt-to-equity ratio of 0.42.



United Community Banks (NASDAQ:UCBI) last posted its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $0.55 EPS for the quarter, hitting the consensus estimate of $0.55. The firm had revenue of $134.50 million for the quarter, compared to the consensus estimate of $136.53 million. United Community Banks had a net margin of 19.16% and a return on equity of 11.64%. The business’s revenue was up 23.1% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. On average, analysts anticipate that United Community Banks will post 2.14 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 5th. Investors of record on Saturday, September 15th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Thursday, September 13th. United Community Banks’s payout ratio is 36.81%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. First Trust Advisors LP increased its stake in shares of United Community Banks by 16.2% in the third quarter. First Trust Advisors LP now owns 130,228 shares of the financial services provider’s stock worth $3,632,000 after buying an additional 18,154 shares during the period. Texas Permanent School Fund increased its stake in shares of United Community Banks by 4.8% in the third quarter. Texas Permanent School Fund now owns 49,796 shares of the financial services provider’s stock worth $1,389,000 after buying an additional 2,303 shares during the period. State of Alaska Department of Revenue increased its stake in shares of United Community Banks by 9.4% in the third quarter. State of Alaska Department of Revenue now owns 26,330 shares of the financial services provider’s stock worth $734,000 after buying an additional 2,267 shares during the period. Northern Trust Corp increased its stake in shares of United Community Banks by 5.4% in the second quarter. Northern Trust Corp now owns 1,342,361 shares of the financial services provider’s stock worth $41,170,000 after buying an additional 69,258 shares during the period. Finally, Schroder Investment Management Group increased its stake in shares of United Community Banks by 4.6% in the second quarter. Schroder Investment Management Group now owns 2,506,627 shares of the financial services provider’s stock worth $78,157,000 after buying an additional 110,843 shares during the period. 87.92% of the stock is currently owned by institutional investors.

United Community Banks Company Profile

United Community Banks, Inc operates as the bank holding company for United Community Bank that provides retail and corporate banking services to individuals and businesses. It offers various deposit accounts, such as checking accounts, savings and time deposits accounts, NOW accounts, money market deposits, and certificates of deposit.

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