United Community Banks, Inc. (NASDAQ:UCBI) Given Average Rating of “Hold” by Analysts

United Community Banks, Inc. (NASDAQ:UCBI) has received a consensus recommendation of “Hold” from the five research firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $30.60.

Several research firms have issued reports on UCBI. Piper Sandler dropped their price objective on United Community Banks from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Truist Financial dropped their price target on United Community Banks from $31.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, April 1st.

United Community Banks Price Performance

NASDAQ:UCBI opened at $25.46 on Wednesday. The stock has a market capitalization of $3.03 billion, a PE ratio of 16.53 and a beta of 0.92. United Community Banks has a 1-year low of $21.63 and a 1-year high of $30.75. The firm has a fifty day simple moving average of $25.64 and a 200 day simple moving average of $26.57. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.10.

United Community Banks (NASDAQ:UCBI) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $225.80 million during the quarter, compared to the consensus estimate of $232.00 million. United Community Banks had a net margin of 13.62% and a return on equity of 8.02%. The company’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.58 EPS. On average, research analysts expect that United Community Banks will post 2.12 EPS for the current fiscal year.

United Community Banks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Saturday, June 15th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, June 14th. This represents a $0.92 annualized dividend and a yield of 3.61%. United Community Banks’s payout ratio is currently 59.74%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of United Community Banks by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 13,552,982 shares of the financial services provider’s stock worth $396,560,000 after buying an additional 274,275 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of United Community Banks by 13.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,553,813 shares of the financial services provider’s stock worth $133,249,000 after purchasing an additional 556,939 shares in the last quarter. Northern Trust Corp increased its holdings in shares of United Community Banks by 21.4% during the third quarter. Northern Trust Corp now owns 1,913,924 shares of the financial services provider’s stock worth $48,633,000 after purchasing an additional 337,102 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of United Community Banks by 0.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,777,906 shares of the financial services provider’s stock worth $52,022,000 after purchasing an additional 5,848 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of United Community Banks by 4.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,549,690 shares of the financial services provider’s stock valued at $45,344,000 after buying an additional 67,399 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

United Community Banks Company Profile

United Community Banks, Inc operates as the financial holding company for United Community Bank that provides financial products and services to commercial, retail, government, education, energy, health care, and real estate sectors. It accepts various deposit products, including checking, savings, money market, and other deposit accounts.