United Community Banks (NASDAQ:UCBI) Rating Lowered to Sell at ValuEngine

ValuEngine lowered shares of United Community Banks (NASDAQ:UCBI) from a hold rating to a sell rating in a report issued on Tuesday morning, ValuEngine reports.

A number of other equities analysts also recently commented on the company. BidaskClub downgraded United Community Banks from a buy rating to a hold rating in a research note on Tuesday, July 9th. DA Davidson started coverage on United Community Banks in a research note on Tuesday, August 20th. They issued a neutral rating for the company. Zacks Investment Research upgraded United Community Banks from a sell rating to a hold rating in a research note on Friday, September 27th. Finally, SunTrust Banks decreased their price target on United Community Banks from $30.00 to $29.00 and set a hold rating for the company in a research note on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. The company has an average rating of Hold and an average target price of $29.40.

NASDAQ:UCBI opened at $28.83 on Tuesday. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 13.47 and a beta of 1.28. United Community Banks has a one year low of $20.23 and a one year high of $29.79. The stock has a 50-day simple moving average of $27.55 and a 200 day simple moving average of $27.42. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.84 and a current ratio of 0.85.

United Community Banks (NASDAQ:UCBI) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.01. The business had revenue of $142.32 million during the quarter, compared to the consensus estimate of $142.30 million. United Community Banks had a return on equity of 12.24% and a net margin of 27.88%. During the same period last year, the firm earned $0.53 earnings per share. On average, equities research analysts forecast that United Community Banks will post 2.3 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, October 5th. Shareholders of record on Sunday, September 15th were issued a $0.17 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.68 dividend on an annualized basis and a yield of 2.36%. United Community Banks’s dividend payout ratio is currently 31.78%.

In other United Community Banks news, CAO Alan H. Kumler sold 3,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $27.06, for a total value of $81,180.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 7,684 shares of company stock worth $214,150 in the last three months. 1.18% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of UCBI. Nuveen Asset Management LLC bought a new position in United Community Banks in the second quarter worth about $34,944,000. FMR LLC raised its holdings in shares of United Community Banks by 66.4% during the first quarter. FMR LLC now owns 2,821,182 shares of the financial services provider’s stock valued at $70,332,000 after buying an additional 1,125,516 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of United Community Banks during the second quarter valued at approximately $31,396,000. Morgan Stanley raised its holdings in shares of United Community Banks by 200.2% during the second quarter. Morgan Stanley now owns 348,724 shares of the financial services provider’s stock valued at $9,960,000 after buying an additional 232,570 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of United Community Banks by 10.5% during the second quarter. Janus Henderson Group PLC now owns 1,839,743 shares of the financial services provider’s stock valued at $52,543,000 after buying an additional 175,070 shares during the last quarter. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

United Community Banks Company Profile

United Community Banks, Inc operates as the bank holding company for United Community Bank that provides retail and corporate banking services to individuals and businesses. It offers various deposit accounts, such as checking accounts, savings and time deposits accounts, NOW accounts, money market deposits, and certificates of deposit.

Featured Story: What does a bar chart display?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for United Community Banks (NASDAQ:UCBI)

Receive News & Ratings for United Community Banks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Community Banks and related companies with MarketBeat.com's FREE daily email newsletter.