United Community Bank, Inc. (NASDAQ:UCBI) has received a consensus rating of “Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $31.25.
A number of analysts have weighed in on the company. BidaskClub upgraded United Community Bank from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 11th. Keefe, Bruyette & Woods upgraded United Community Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 25th. ValuEngine cut United Community Bank from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, Zacks Investment Research cut United Community Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th.
Shares of NASDAQ:UCBI opened at $33.40 on Thursday. United Community Bank has a fifty-two week low of $24.47 and a fifty-two week high of $33.82. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 20.49 and a beta of 0.89. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.56.
United Community Bank (NASDAQ:UCBI) last announced its quarterly earnings results on Tuesday, April 24th. The financial services provider reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. United Community Bank had a return on equity of 10.49% and a net margin of 16.20%. The firm had revenue of $121.90 million for the quarter, compared to analysts’ expectations of $127.02 million. During the same period in the prior year, the business posted $0.39 earnings per share. The business’s revenue was up 16.3% compared to the same quarter last year. research analysts predict that United Community Bank will post 2.22 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 5th. Shareholders of record on Friday, June 15th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.60 dividend on an annualized basis and a yield of 1.80%. This is a positive change from United Community Bank’s previous quarterly dividend of $0.12. United Community Bank’s payout ratio is currently 29.45%.
A number of institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in United Community Bank by 1.9% in the first quarter. Principal Financial Group Inc. now owns 1,229,402 shares of the financial services provider’s stock worth $38,911,000 after purchasing an additional 22,633 shares in the last quarter. WINTON GROUP Ltd acquired a new position in United Community Bank in the first quarter worth $231,000. Xact Kapitalforvaltning AB boosted its stake in United Community Bank by 49.3% in the first quarter. Xact Kapitalforvaltning AB now owns 13,939 shares of the financial services provider’s stock worth $441,000 after purchasing an additional 4,600 shares in the last quarter. Royal Bank of Canada boosted its stake in United Community Bank by 8.2% in the first quarter. Royal Bank of Canada now owns 1,780,520 shares of the financial services provider’s stock worth $56,353,000 after purchasing an additional 135,377 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in United Community Bank by 4.0% in the first quarter. Legal & General Group Plc now owns 152,543 shares of the financial services provider’s stock worth $4,828,000 after purchasing an additional 5,887 shares in the last quarter. 88.35% of the stock is currently owned by institutional investors.
United Community Bank Company Profile
United Community Banks, Inc operates as the bank holding company for United Community Bank that provides retail and corporate banking services to individuals and businesses. It offers various deposit accounts, such as checking accounts, savings and time deposits accounts, NOW accounts, money market deposits, and certificates of deposit.
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