United Community Banks (NASDAQ:UCBI – Get Rating) had its price target lowered by Piper Sandler to $37.00 in a research report on Monday, Stock Target Advisor reports. Piper Sandler’s price target would indicate a potential upside of 19.43% from the current stock price.
Several other research analysts have also recently commented on UCBI. Truist Financial lowered its price target on shares of United Community Banks from $34.00 to $32.00 in a Wednesday, June 15 report. Raymond James downgraded shares of United Community Banks from an “outperforming” rating to a “market performing” rating in a Wednesday, April 6 report. Finally, StockNews.com downgraded shares of United Community Banks from a “hold” rating to a “sell” rating in a Wednesday, June 22 report.
Shares of United Community Banks traded at $0.79 at midday Monday, hitting $30.98. 23,983 shares of the company have been traded, compared to its average volume of 705,321. The company has a market capitalization of $3.28 billion, a price-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 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.
United Community Banks (NASDAQ:UCBI – Get Rating) released its quarterly results for the last time on Tuesday, April 19. The financial services provider reported earnings per share of $0.50 for the quarter, missing analyst consensus estimates of $0.53 per ($0.03). The company posted revenue of $202.77 million for the quarter, versus a 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 company’s revenue for the quarter increased by 14.7% compared to the same quarter last year. In the same quarter a year earlier, the company posted EPS of $0.83. As a group, equity research analysts expect United Community Banks to post earnings per share of 2.72 for the current year.
Hedge funds and other institutional investors have recently been buying and selling shares of the company. Raleigh Capital Management Inc. acquired a new stake in United Community Banks in Q1 worth $26,000. EverSource Wealth Advisors LLC increased its position in United Community Banks shares by 87.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the financial services provider valued at $39,000 after acquiring an additional 524 shares in the last quarter. Massmutual Trust Co. FSB ADV acquired a new stake in United Community Banks stock during Q1 worth approximately $54,000. Lazard Asset Management LLC increased its position in United Community Banks shares by 54.0% during the 4th quarter. Lazard Asset Management LLC now owns 1,605 shares of the financial services provider valued at $57,000 after acquiring 563 additional shares last quarter. Finally, Lee Financial Co acquired a new stake in United Community Banks stock during Q1 worth approximately $96,000. Institutional investors hold 79.51% of the company’s shares.
United Community Banks Company Profile (Get an assessment)
United Community Banks, Inc operates as the financial holding company for United Community Bank which provides financial products and services to the commercial, retail, government, education, energy, healthcare, health and real estate. The Company accepts various deposit products, including checking, savings, money market and other deposit accounts.
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