United Community Banks (UCBI) Earns News Sentiment Rating of 0.14
News coverage about United Community Banks (NASDAQ:UCBI) has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. United Community Banks earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.8050221628209 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of United Community Banks (NASDAQ UCBI) traded down 0.34% during midday trading on Friday, reaching $26.75. 613,827 shares of the company traded hands. United Community Banks has a 1-year low of $20.12 and a 1-year high of $30.47. The stock has a market capitalization of $1.90 billion, a P/E ratio of 18.32 and a beta of 0.87. The stock’s 50-day moving average is $26.27 and its 200-day moving average is $27.13.
United Community Banks (NASDAQ:UCBI) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The firm had revenue of $108.00 million during the quarter, compared to analysts’ expectations of $110.49 million. United Community Banks had a return on equity of 10.42% and a net margin of 23.07%. United Community Banks’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 earnings per share. Equities analysts predict that United Community Banks will post $1.64 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 15th will be given a $0.10 dividend. This is a boost from United Community Banks’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.40 annualized dividend and a yield of 1.50%. United Community Banks’s dividend payout ratio is presently 27.40%.
UCBI has been the subject of a number of recent research reports. FIG Partners raised shares of United Community Banks from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research report on Wednesday, August 16th. Raymond James Financial, Inc. cut their target price on shares of United Community Banks from $32.00 to $31.00 and set a “strong-buy” rating for the company in a report on Thursday, July 27th. Stephens reaffirmed a “hold” rating and set a $29.00 target price on shares of United Community Banks in a report on Wednesday, July 26th. BidaskClub lowered shares of United Community Banks from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, ValuEngine raised shares of United Community Banks from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $30.86.
In other United Community Banks news, EVP Robert A. Edwards sold 11,550 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $26.06, for a total value of $300,993.00. Following the completion of the transaction, the executive vice president now owns 16,858 shares in the company, valued at $439,319.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.18% of the company’s stock.
United Community Banks Company Profile
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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