United Community Banks, Inc. (NASDAQ:UCBI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of United Community Banks, Inc. (NASDAQ:UCBI) have been given an average rating of “Hold” by the five brokerages that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $30.60.

A number of equities research analysts have recently issued reports on the stock. TheStreet lowered shares of United Community Banks from a “b” rating to a “c+” rating in a report on Wednesday, January 24th. StockNews.com raised shares of United Community Banks to a “sell” rating in a research note on Wednesday, January 17th. Piper Sandler cut their price target on United Community Banks from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Truist Financial lowered their price objective on 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. Finally, DA Davidson reaffirmed a “buy” rating on shares of United Community Banks in a research note on Monday, January 15th.

Institutional Trading of United Community Banks

Several institutional investors have recently added to or reduced their stakes in UCBI. Carmel Capital Partners LLC acquired a new position in United Community Banks in the 3rd quarter valued at about $36,000. GAMMA Investing LLC acquired a new position in United Community Banks in the fourth quarter valued at $72,000. SG Americas Securities LLC purchased a new position in United Community Banks during the 4th quarter worth approximately $115,000. FinTrust Capital Advisors LLC increased its holdings in shares of 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 acquiring an additional 500 shares during the period. Finally, TFO Wealth Partners LLC raised its holdings in shares of United Community Banks by 111,360.0% in the fourth quarter. TFO Wealth Partners LLC now owns 5,573 shares of the financial services provider’s stock valued at $163,000 after buying an additional 5,568 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

United Community Banks Stock Performance

UCBI opened at $26.39 on Tuesday. The firm’s fifty day simple moving average is $25.51 and its two-hundred day simple moving average is $26.26. United Community Banks has a 52-week low of $20.78 and a 52-week high of $30.75. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 17.14 and a beta of 0.92. 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 (NASDAQ:UCBI) last announced its earnings results on Wednesday, April 24th. The financial services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. United Community Banks had a return on equity of 8.02% and a net margin of 13.62%. The business had revenue of $225.80 million during the quarter, compared to analysts’ expectations of $232.00 million. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The business’s revenue was down 6.6% compared to the same quarter last year. Equities analysts anticipate that United Community Banks will post 2.12 earnings per share for the current fiscal year.

United Community Banks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a $0.23 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.92 annualized dividend and a yield of 3.49%. United Community Banks’s dividend payout ratio (DPR) is currently 59.74%.

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.