United Community Banks, Inc. (NASDAQ:UCBI) was downgraded by equities research analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research note issued on Tuesday.

Several other research analysts have also recently weighed in on UCBI. Zacks Investment Research cut shares of United Community Banks from a “buy” rating to a “hold” rating in a report on Tuesday, November 22nd. Hovde Group cut shares of United Community Banks from an “outperform” rating to a “market perform” rating and upped their price target for the company from $22.00 to $23.00 in a report on Thursday, October 27th. Finally, Raymond James Financial Inc. upgraded shares of United Community Banks from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $22.00 to $24.00 in a report on Thursday, October 6th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. United Community Banks presently has a consensus rating of “Buy” and a consensus price target of $24.00.

United Community Banks (NASDAQ:UCBI) opened at 26.66 on Tuesday. The firm has a 50-day moving average of $23.03 and a 200-day moving average of $20.55. The stock has a market capitalization of $1.89 billion and a PE ratio of 20.96. United Community Banks has a 52-week low of $15.74 and a 52-week high of $27.28.

United Community Banks (NASDAQ:UCBI) last issued its quarterly earnings data on Wednesday, October 26th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. During the same quarter last year, the firm posted $0.33 EPS. On average, equities analysts expect that United Community Banks will post $1.46 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 5th. Stockholders of record on Thursday, December 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Tuesday, December 13th.

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Several hedge funds have recently made changes to their positions in the company. Quantitative Systematic Strategies LLC acquired a new stake in shares of United Community Banks during the third quarter worth approximately $205,000. Cornerstone Capital Management Holdings LLC. raised its stake in shares of United Community Banks by 987.6% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 180,743 shares of the financial services provider’s stock worth $3,798,000 after buying an additional 164,124 shares in the last quarter. Phocas Financial Corp. raised its stake in shares of United Community Banks by 6.5% in the third quarter. Phocas Financial Corp. now owns 746,956 shares of the financial services provider’s stock worth $15,701,000 after buying an additional 45,654 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of United Community Banks during the third quarter worth approximately $1,013,000. Finally, Perkins Investment Management LLC raised its stake in shares of United Community Banks by 47.1% in the third quarter. Perkins Investment Management LLC now owns 1,838,913 shares of the financial services provider’s stock worth $38,654,000 after buying an additional 588,539 shares in the last quarter.

United Community Banks Company Profile

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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