United Community Banks, Inc. (UCBI) Sees Unusually-High Trading Volume
Shares of United Community Banks, Inc. (NASDAQ:UCBI) saw an uptick in trading volume on Friday . 335,915 shares traded hands during mid-day trading, an increase of 2% from the previous session’s volume of 329,910 shares.The stock last traded at $20.40 and had previously closed at $20.22.
Separately, Zacks Investment Research raised shares of United Community Banks from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Wednesday, May 25th.
The company has a market cap of $1.45 billion and a price-to-earnings ratio of 17.33. The company’s 50 day moving average is $19.45 and its 200-day moving average is $18.91.
United Community Banks (NASDAQ:UCBI) last issued its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. During the same quarter in the previous year, the company earned $0.32 EPS. Equities analysts predict that United Community Banks, Inc. will post $1.43 earnings per share for the current fiscal year.
An institutional investor recently raised its position in United Community Banks stock. Wells Fargo & Company MN increased its stake in shares of United Community Banks, Inc. (NASDAQ:UCBI) by 10.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 589,784 shares of the financial services provider’s stock after buying an additional 55,384 shares during the period. Wells Fargo & Company MN owned approximately 0.83% of United Community Banks worth $11,496,000 at the end of the most recent quarter.
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.
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