Truist Financial Trims United Community Banks (NASDAQ:UCBI) Target Price to $26.00

United Community Banks (NASDAQ:UCBIFree Report) had its target price trimmed by Truist Financial from $28.00 to $26.00 in a research note released on Monday morning, Benzinga reports. The brokerage currently has a hold rating on the financial services provider’s stock.

Separately, Piper Sandler dropped their price target on United Community Banks from $30.00 to $28.00 and set a neutral rating for the company in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to, the company currently has a consensus rating of Hold and an average price target of $30.20.

Check Out Our Latest Research Report on UCBI

United Community Banks Stock Up 2.7 %

NASDAQ:UCBI opened at $25.65 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.10. The stock’s 50 day moving average price is $25.52 and its two-hundred day moving average price is $26.33. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 16.66 and a beta of 0.91. United Community Banks has a twelve month low of $21.63 and a twelve month high of $30.75.

United Community Banks (NASDAQ:UCBIGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. The firm had revenue of $225.80 million for 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 period in the previous year, the company earned $0.58 earnings per share. Equities research analysts expect that United Community Banks will post 2.12 earnings per share for the current fiscal year.

United Community Banks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Saturday, June 15th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, June 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.59%. United Community Banks’s payout ratio is presently 59.74%.

Institutional Trading of United Community Banks

A number of hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC acquired a new position in shares of United Community Banks during the fourth quarter worth $72,000. SG Americas Securities LLC acquired a new stake in United Community Banks in the fourth quarter valued at $115,000. FinTrust Capital Advisors LLC raised its position in United Community Banks by 12.5% during the 4th quarter. FinTrust Capital Advisors LLC now owns 4,493 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 500 shares during the last quarter. TFO Wealth Partners LLC lifted its holdings in United Community Banks by 111,360.0% during the 4th quarter. TFO Wealth Partners LLC now owns 5,573 shares of the financial services provider’s stock worth $163,000 after buying an additional 5,568 shares during the period. Finally, Strs Ohio lifted its holdings in United Community Banks by 17.6% during the 4th quarter. Strs Ohio now owns 6,000 shares of the financial services provider’s stock worth $175,000 after buying an additional 900 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

United Community Banks Company Profile

(Get Free Report)

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.

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