Other research analysts have also recently issued reports about the stock. ValuEngine upgraded shares of USINAS SIDERURG/S from a sell rating to a hold rating in a report on Wednesday, May 29th. Zacks Investment Research cut shares of EXACT Sciences from a hold rating to a sell rating in a report on Tuesday, July 2nd. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. United Community Banks currently has a consensus rating of Hold and a consensus target price of $30.17.
Shares of UCBI opened at $28.41 on Tuesday. United Community Banks has a one year low of $20.23 and a one year high of $31.71. The stock has a 50-day moving average price of $27.64. The firm has a market capitalization of $2.23 billion, a PE ratio of 12.72 and a beta of 1.24. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.82 and a current ratio of 0.83.
United Community Banks (NASDAQ:UCBI) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.54 by $0.02. United Community Banks had a net margin of 27.98% and a return on equity of 12.33%. The company had revenue of $133.30 million during the quarter, compared to analysts’ expectations of $137.03 million. During the same period last year, the company posted $0.50 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, sell-side analysts forecast that United Community Banks will post 2.33 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Saturday, June 15th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.39%. This is a positive change from United Community Banks’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Thursday, June 13th. United Community Banks’s dividend payout ratio is 31.78%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Nachman Norwood & Parrott Inc purchased a new stake in shares of United Community Banks in the second quarter worth approximately $4,414,000. Crossmark Global Holdings Inc. purchased a new stake in shares of United Community Banks in the second quarter worth approximately $211,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of United Community Banks in the first quarter worth approximately $165,000. First Trust Advisors LP lifted its position in shares of United Community Banks by 16.1% in the first quarter. First Trust Advisors LP now owns 115,124 shares of the financial services provider’s stock worth $2,870,000 after purchasing an additional 15,947 shares in the last quarter. Finally, FMR LLC lifted its position in shares of United Community Banks by 66.4% in the first quarter. FMR LLC now owns 2,821,182 shares of the financial services provider’s stock worth $70,332,000 after purchasing an additional 1,125,516 shares in the last quarter. 89.50% of the stock is owned by institutional investors and hedge funds.
United Community Banks 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.
Further Reading: Overbought
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