Keefe, Bruyette & Woods Has Lowered Expectations for United Community Banks (NASDAQ:UCB) Stock Price

United Community Banks (NASDAQ:UCB) had its target price cut by stock analysts at Keefe, Bruyette & Woods from $35.00 to $32.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 14.63% from the stock’s previous close.

Several other research analysts have also recently issued reports on UCB. Piper Sandler raised their target price on shares of United Community Banks from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Stephens reissued an “overweight” rating and issued a $36.00 price objective on shares of United Community Banks in a report on Wednesday, April 23rd. DA Davidson lowered their target price on United Community Banks from $38.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Finally, Hovde Group upgraded United Community Banks from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $32.00 to $31.00 in a research report on Monday, April 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.14.

United Community Banks Price Performance

Shares of NASDAQ:UCB opened at $27.92 on Wednesday. United Community Banks has a twelve month low of $22.93 and a twelve month high of $35.38. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.08. The company has a market cap of $3.33 billion, a PE ratio of 13.68 and a beta of 0.80. The company’s 50 day moving average is $27.47 and its 200 day moving average is $30.50.

Insider Buying and Selling at United Community Banks

In other United Community Banks news, CEO H Lynn Harton sold 31,679 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $33.84, for a total value of $1,072,017.36. Following the transaction, the chief executive officer now directly owns 112,444 shares of the company’s stock, valued at $3,805,104.96. This trade represents a 21.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sally Pope Davis acquired 1,800 shares of United Community Banks stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $28.19 per share, for a total transaction of $50,742.00. Following the transaction, the director now owns 3,264 shares of the company’s stock, valued at $92,012.16. This represents a 122.95 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.54% of the company’s stock.

Institutional Trading of United Community Banks

A number of hedge funds and other institutional investors have recently modified their holdings of UCB. MQS Management LLC purchased a new stake in shares of United Community Banks in the first quarter valued at about $219,000. Smith Thornton Advisors LLC acquired a new position in United Community Banks in the 1st quarter valued at about $474,000. CWM LLC purchased a new stake in shares of United Community Banks in the 1st quarter valued at approximately $62,000. Louisiana State Employees Retirement System acquired a new stake in shares of United Community Banks during the 1st quarter worth approximately $1,581,000. Finally, New York State Common Retirement Fund acquired a new position in United Community Banks in the first quarter valued at approximately $1,043,000. 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.