United Community Banks (NASDAQ:UCBI – Get Rating) had its price target dropped by Piper Sandler to $37.00 in a research report issued on Monday, Stock Target Advisor reports. Piper Sandler’s price objective would indicate a potential upside of 19.43% from the stock’s current price.
Several other research analysts also recently commented on UCBI. Truist Financial dropped their target price on shares of United Community Banks from $34.00 to $32.00 in a report on Wednesday, June 15th. Raymond James downgraded shares of United Community Banks from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 6th. Finally, StockNews.com downgraded shares of United Community Banks from a “hold” rating to a “sell” rating in a report on Wednesday, June 22nd.
Shares of United Community Banks stock traded up $0.79 during midday trading on Monday, reaching $30.98. 23,983 shares of the company’s stock traded hands, compared to its average volume of 705,321. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 12.01 and a beta of 1.03. The company’s 50 day simple moving average is $30.37 and its 200 day simple moving average is $33.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.75 and a current ratio of 0.76. United Community Banks has a 52 week low of $27.62 and a 52 week high of $39.32.
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United Community Banks (NASDAQ:UCBI – Get Rating) last released its quarterly earnings results on Tuesday, April 19th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The business had revenue of $202.77 million for the quarter, compared to the consensus estimate of $202.89 million. United Community Banks had a net margin of 32.10% and a return on equity of 11.93%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 EPS. As a group, equities research analysts predict that United Community Banks will post 2.72 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Raleigh Capital Management Inc. acquired a new stake in United Community Banks in the 1st quarter worth $26,000. EverSource Wealth Advisors LLC boosted its position in shares of United Community Banks by 87.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 524 shares in the last quarter. Massmutual Trust Co. FSB ADV acquired a new stake in shares of United Community Banks during the 1st quarter valued at about $54,000. Lazard Asset Management LLC boosted its position in shares of United Community Banks by 54.0% during the 4th quarter. Lazard Asset Management LLC now owns 1,605 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 563 shares in the last quarter. Finally, Lee Financial Co acquired a new stake in shares of United Community Banks during the 1st quarter valued at about $96,000. Institutional investors own 79.51% of the company’s stock.
United Community Banks Company Profile (Get Rating)
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. The company accepts various deposit products, including checking, savings, money market, and other deposit accounts.
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