United Community Banks, Inc. (NASDAQ:UCBI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Several other equities analysts also recently commented on the company. Hovde Group downgraded United Community Banks from an “outperform” rating to a “market perform” rating and increased their target price for the company from $22.00 to $23.00 in a research report on Thursday, October 27th. Raymond James Financial Inc. upgraded United Community Banks from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from $22.00 to $24.00 in a research report on Thursday, October 6th.

United Community Banks (NASDAQ:UCBI) opened at 27.18 on Tuesday. The firm has a market capitalization of $1.93 billion and a price-to-earnings ratio of 21.37. United Community Banks has a 12 month low of $15.74 and a 12 month high of $27.28. The company has a 50 day moving average price of $22.68 and a 200 day moving average price of $20.44.

United Community Banks (NASDAQ:UCBI) last announced its quarterly earnings data on Wednesday, October 26th. The financial services provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. During the same period in the prior year, the company earned $0.33 EPS. Analysts anticipate that United Community Banks will post $1.46 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the company. Sei Investments Co. increased its position in shares of United Community Banks by 137.8% in the second quarter. Sei Investments Co. now owns 5,466 shares of the financial services provider’s stock worth $100,000 after buying an additional 3,167 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in shares of United Community Banks by 950.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 6,300 shares of the financial services provider’s stock worth $115,000 after buying an additional 5,700 shares during the period. PineBridge Investments L.P. increased its position in shares of United Community Banks by 19.8% in the second quarter. PineBridge Investments L.P. now owns 8,916 shares of the financial services provider’s stock worth $163,000 after buying an additional 1,472 shares during the period. Teacher Retirement System of Texas increased its position in shares of United Community Banks by 35.7% in the second quarter. Teacher Retirement System of Texas now owns 9,391 shares of the financial services provider’s stock worth $172,000 after buying an additional 2,470 shares during the period. Finally, HighTower Advisors LLC bought a new position in shares of United Community Banks during the third quarter worth about $204,000.

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About United Community Banks

United Community Banks, Inc is a bank holding company. The Company’s principal business is conducted by its subsidiary, United Community Bank (the Bank). The Bank is a chartered commercial bank that serves markets throughout north Georgia, coastal Georgia, the Atlanta-Sandy Springs-Roswell, Georgia and Gainesville, Georgia metropolitan statistical areas, western North Carolina, upstate South Carolina and east Tennessee.

5 Day Chart for NASDAQ:UCBI

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