United Community Bank (NASDAQ:UCBI) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.

UCBI has been the topic of a number of other research reports. ValuEngine lowered United Community Bank from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research lowered United Community Bank from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a research report on Saturday, January 6th. Finally, Keefe, Bruyette & Woods raised United Community Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 25th. Three analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. United Community Bank has a consensus rating of “Buy” and a consensus target price of $31.17.

NASDAQ UCBI opened at $32.54 on Thursday. The stock has a market cap of $2,563.13, a PE ratio of 18.62 and a beta of 0.87. The company has a current ratio of 0.84, a quick ratio of 0.81 and a debt-to-equity ratio of 0.56. United Community Bank has a one year low of $24.47 and a one year high of $33.60.

United Community Bank (NASDAQ:UCBI) last released its quarterly earnings results on Tuesday, April 24th. The financial services provider reported $0.50 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.50. The company had revenue of $121.90 million for the quarter, compared to analyst estimates of $127.02 million. United Community Bank had a return on equity of 10.49% and a net margin of 16.20%. United Community Bank’s revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 earnings per share. research analysts anticipate that United Community Bank will post 2.22 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. American International Group Inc. grew its holdings in shares of United Community Bank by 3.0% during the fourth quarter. American International Group Inc. now owns 58,018 shares of the financial services provider’s stock worth $1,633,000 after buying an additional 1,709 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of United Community Bank by 55.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,874 shares of the financial services provider’s stock worth $137,000 after buying an additional 1,741 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of United Community Bank by 1.6% during the fourth quarter. First Trust Advisors LP now owns 133,732 shares of the financial services provider’s stock worth $3,763,000 after buying an additional 2,099 shares in the last quarter. Meadow Creek Investment Management LLC grew its holdings in shares of United Community Bank by 20.9% during the fourth quarter. Meadow Creek Investment Management LLC now owns 12,124 shares of the financial services provider’s stock worth $341,000 after buying an additional 2,100 shares in the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of United Community Bank by 1.9% during the fourth quarter. California State Teachers Retirement System now owns 115,373 shares of the financial services provider’s stock worth $3,247,000 after buying an additional 2,129 shares in the last quarter. Institutional investors and hedge funds own 82.63% of the company’s stock.

About United Community Bank

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.

Analyst Recommendations for United Community Bank (NASDAQ:UCBI)

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