United Community Banks (NASDAQ:UCBI) Price Target Lowered to $28.00 at Piper Sandler

United Community Banks (NASDAQ:UCBI) had its price objective cut by Piper Sandler from $30.00 to $28.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price objective suggests a potential upside of 7.78% from the company’s current price.

A number of other equities research analysts also recently issued reports on UCBI. StockNews.com upgraded shares of United Community Banks to a “sell” rating in a research note on Wednesday, January 17th. TheStreet downgraded shares of United Community Banks from a “b” rating to a “c+” rating in a research note on Wednesday, January 24th. DA Davidson restated a “buy” rating on shares of United Community Banks in a research note on Monday, January 15th. Finally, Truist Financial reduced their price target on shares of United Community Banks from $31.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $30.60.

United Community Banks Trading Up 0.6 %

Shares of United Community Banks stock opened at $25.98 on Thursday. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 16.87 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.10. United Community Banks has a 12-month low of $20.37 and a 12-month high of $30.75. The firm’s 50-day moving average price is $25.57 and its two-hundred day moving average price is $26.22.

United Community Banks (NASDAQ:UCBI) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The firm had revenue of $225.80 million for the quarter, compared to the consensus estimate of $232.00 million. United Community Banks had a net margin of 13.62% and a return on equity of 8.02%. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 earnings per share. On average, analysts forecast that United Community Banks will post 2.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. FinTrust Capital Advisors LLC raised its holdings in United Community Banks by 12.5% in the 4th quarter. FinTrust Capital Advisors LLC now owns 4,493 shares of the financial services provider’s stock valued at $131,000 after buying an additional 500 shares during the last quarter. Family Legacy Inc. raised its holdings in United Community Banks by 1.6% in the 4th quarter. Family Legacy Inc. now owns 33,543 shares of the financial services provider’s stock valued at $981,000 after buying an additional 516 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in United Community Banks by 2.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 24,218 shares of the financial services provider’s stock valued at $709,000 after buying an additional 583 shares during the last quarter. Wealthcare Advisory Partners LLC raised its holdings in United Community Banks by 9.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 8,359 shares of the financial services provider’s stock valued at $220,000 after buying an additional 704 shares during the last quarter. Finally, AlphaMark Advisors LLC raised its holdings in United Community Banks by 9.3% in the 1st quarter. AlphaMark Advisors LLC now owns 10,406 shares of the financial services provider’s stock valued at $274,000 after buying an additional 882 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.

About United Community Banks

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.