United Community Banks (UCBI) Receives Daily Coverage Optimism Rating of 0.21
News articles about United Community Banks (NASDAQ:UCBI) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. United Community Banks earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.6954561779326 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of United Community Banks (UCBI) traded down 0.85% on Friday, reaching $25.80. The company had a trading volume of 338,380 shares. The company has a 50-day moving average price of $27.76 and a 200-day moving average price of $27.68. United Community Banks has a one year low of $19.60 and a one year high of $30.47. The firm has a market cap of $1.83 billion, a P/E ratio of 17.67 and a beta of 0.88.
United Community Banks (NASDAQ:UCBI) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $108 million during the quarter, compared to the consensus estimate of $110.49 million. United Community Banks had a return on equity of 10.42% and a net margin of 23.07%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 earnings per share. On average, analysts expect that United Community Banks will post $1.63 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 15th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Thursday, September 14th. This is an increase from United Community Banks’s previous quarterly dividend of $0.09. United Community Banks’s dividend payout ratio is currently 24.66%.
UCBI has been the subject of several research reports. Zacks Investment Research cut United Community Banks from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Hovde Group raised United Community Banks from a “market perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Wednesday, May 3rd. Stephens reaffirmed a “hold” rating and set a $29.00 target price on shares of United Community Banks in a research note on Wednesday, July 26th. BidaskClub cut United Community Banks from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Raymond James Financial, Inc. decreased their target price on United Community Banks from $32.00 to $31.00 and set a “strong-buy” rating for the company in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $30.67.
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About United Community Banks
United Community Banks, Inc (United) is a bank holding company. United conducts its operations through a community-focused operating model of separate community banks, which, as of December 31, 2016, operated at 139 locations throughout the Atlanta-Sandy Springs-Roswell, Georgia, and Gainesville, Georgia metropolitan statistical areas, upstate and coastal South Carolina, north and coastal Georgia, western North Carolina, and east Tennessee.
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