United Community Banks (NASDAQ:UCBI) had its price target reduced by SunTrust Banks from $30.00 to $29.00 in a research report sent to investors on Tuesday morning, BenzingaRatingsTable reports. They currently have a hold rating on the financial services provider’s stock. SunTrust Banks also issued estimates for United Community Banks’ Q3 2019 earnings at $0.58 EPS, FY2019 earnings at $2.30 EPS, Q3 2020 earnings at $0.58 EPS, Q4 2020 earnings at $0.58 EPS and FY2020 earnings at $2.29 EPS.

UCBI has been the topic of a number of other research reports. Zacks Investment Research downgraded United Community Banks from a hold rating to a sell rating in a research report on Wednesday, August 14th. BidaskClub downgraded United Community Banks from a buy rating to a hold rating in a report on Tuesday, July 9th. DA Davidson started coverage on United Community Banks in a report on Tuesday, August 20th. They issued a neutral rating on the stock. Finally, ValuEngine downgraded United Community Banks from a hold rating to a sell rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $29.40.

NASDAQ:UCBI opened at $26.69 on Tuesday. United Community Banks has a 52 week low of $20.23 and a 52 week high of $30.74. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $2.11 billion, a P/E ratio of 12.47 and a beta of 1.24. The stock’s fifty day moving average is $27.32 and its two-hundred day moving average is $27.24.

United Community Banks (NASDAQ:UCBI) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.01. United Community Banks had a return on equity of 12.24% and a net margin of 27.88%. The company had revenue of $142.32 million for the quarter, compared to the consensus estimate of $142.30 million. During the same quarter in the previous year, the business earned $0.53 earnings per share. Sell-side analysts anticipate that United Community Banks will post 2.29 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 5th. Investors of record on Sunday, September 15th will be issued a $0.17 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.68 annualized dividend and a dividend yield of 2.55%. United Community Banks’s dividend payout ratio is presently 31.78%.

Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in United Community Banks by 13.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,406,632 shares of the financial services provider’s stock worth $73,107,000 after purchasing an additional 398,806 shares during the period. Geode Capital Management LLC boosted its position in United Community Banks by 14.0% during the fourth quarter. Geode Capital Management LLC now owns 901,089 shares of the financial services provider’s stock worth $19,337,000 after purchasing an additional 110,681 shares during the period. Meeder Asset Management Inc. bought a new position in United Community Banks during the first quarter worth about $51,000. Bank of Montreal Can boosted its position in United Community Banks by 23.3% during the first quarter. Bank of Montreal Can now owns 11,366 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 2,146 shares during the period. Finally, SG Americas Securities LLC boosted its position in United Community Banks by 269.2% during the first quarter. SG Americas Securities LLC now owns 25,726 shares of the financial services provider’s stock worth $641,000 after purchasing an additional 18,758 shares during the period. Hedge funds and other 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.

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Analyst Recommendations for United Community Banks (NASDAQ:UCBI)

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