United Community Banks (NASDAQ:UCBI) Now Covered by StockNews.com

StockNews.com began coverage on shares of United Community Banks (NASDAQ:UCBI) in a research note published on Thursday. The brokerage issued a hold rating on the financial services provider’s stock.

Several other analysts have also recently commented on UCBI. Piper Sandler dropped their price target on United Community Banks from $30.00 to $28.00 and set a neutral rating for the company in a research report on Thursday, April 25th. Keefe, Bruyette & Woods increased their target price on United Community Banks from $28.00 to $32.00 and gave the stock a market perform rating in a research note on Thursday, July 25th. DA Davidson increased their target price on United Community Banks from $32.00 to $35.00 and gave the stock a buy rating in a research note on Thursday, July 25th. Finally, Truist Financial increased their target price on United Community Banks from $26.00 to $31.00 and gave the stock a hold rating in a research note on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and an average target price of $31.50.

United Community Banks Stock Performance

Shares of United Community Banks stock opened at $27.83 on Thursday. The company has a 50-day simple moving average of $27.07 and a two-hundred day simple moving average of $26.31. The company has a market capitalization of $3.32 billion, a PE ratio of 18.07 and a beta of 0.90. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.79 and a current ratio of 0.80. United Community Banks has a one year low of $21.63 and a one year high of $31.96.

United Community Banks (NASDAQ:UCBI) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07. The business had revenue of $347.00 million for the quarter, compared to analyst estimates of $238.95 million. United Community Banks had a net margin of 13.36% and a return on equity of 8.04%. United Community Banks’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.55 EPS. Research analysts expect that United Community Banks will post 2.24 EPS for the current fiscal year.

Institutional Trading of United Community Banks

Several hedge funds have recently modified their holdings of UCBI. GAMMA Investing LLC acquired a new stake in shares of United Community Banks in the 4th quarter valued at approximately $72,000. Innealta Capital LLC acquired a new position in United Community Banks during the second quarter worth $85,000. SG Americas Securities LLC acquired a new position in United Community Banks during the fourth quarter worth $115,000. FinTrust Capital Advisors LLC raised its holdings in United Community Banks by 12.5% during the fourth quarter. FinTrust Capital Advisors LLC now owns 4,493 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 500 shares during the last quarter. Finally, TFO Wealth Partners LLC raised its holdings in United Community Banks by 111,360.0% during the fourth quarter. TFO Wealth Partners LLC now owns 5,573 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 5,568 shares during the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

United Community Banks Company Profile

United Community Banks, Inc operates as the financial holding company for United Community Bank that provides financial products and services to commercial, retail, government, education, energy, health care, and real estate sectors. It accepts various deposit products, including checking, savings, money market, and other deposit accounts.