DA Davidson began coverage on shares of United Community Banks (NASDAQ:UCBI) in a report published on Tuesday morning, BenzingaRatingsTable reports. The firm issued a neutral rating on the financial services provider’s stock.
Other equities research analysts have also issued reports about the company. Zacks Investment Research lowered United Community Banks from a hold rating to a sell rating in a research report on Wednesday, August 14th. ValuEngine lowered United Community Banks from a hold rating to a sell rating in a research report on Thursday, August 1st. Finally, BidaskClub lowered United Community Banks from a buy rating to a hold rating in a research report on Tuesday, July 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $29.40.
UCBI stock opened at $26.65 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.85 and a quick ratio of 0.84. The business has a 50 day simple moving average of $27.66 and a 200-day simple moving average of $27.28. The firm has a market capitalization of $2.13 billion, a PE ratio of 12.45 and a beta of 1.24. United Community Banks has a 1 year low of $20.23 and a 1 year high of $31.13.
United Community Banks (NASDAQ:UCBI) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. The business had revenue of $142.32 million during the quarter, compared to analyst estimates of $142.30 million. United Community Banks had a return on equity of 12.24% and a net margin of 27.88%. During the same period in the prior year, the business earned $0.53 earnings per share. On average, equities research analysts expect that United Community Banks will post 2.3 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 5th. Investors of record on Sunday, September 15th will be given a $0.17 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.68 annualized dividend and a yield of 2.55%. United Community Banks’s payout ratio is 31.78%.
A number of institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new position in shares of United Community Banks during the second quarter worth $25,000. Versant Capital Management Inc boosted its position in shares of United Community Banks by 243.8% during the first quarter. Versant Capital Management Inc now owns 1,255 shares of the financial services provider’s stock worth $31,000 after buying an additional 890 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of United Community Banks during the first quarter worth $51,000. First Mercantile Trust Co. purchased a new position in shares of United Community Banks during the second quarter worth $54,000. Finally, Strs Ohio purchased a new position in shares of United Community Banks during the second quarter worth $65,000. Institutional investors own 90.20% of the company’s stock.
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.
Featured Article: Green Investing
Receive News & Ratings for United Community Banks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Community Banks and related companies with MarketBeat.com's FREE daily email newsletter.