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United Community Banks (NASDAQ:UCB) PT Lowered to $28.00 at Piper Sandler

United Community Banks logo with Finance background

United Community Banks (NASDAQ:UCB - Get Free Report) had its price objective decreased by Piper Sandler from $29.00 to $28.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Piper Sandler's target price points to a potential upside of 1.27% from the company's current price.

Separately, Truist Financial cut their price objective on United Community Banks from $32.00 to $30.00 and set a "hold" rating for the company in a report on Friday.

Read Our Latest Stock Analysis on United Community Banks

United Community Banks Stock Down 2.1 %

Shares of United Community Banks stock traded down $0.60 on Friday, reaching $27.65. The company's stock had a trading volume of 325,709 shares, compared to its average volume of 567,752. The company has a market cap of $3.30 billion, a P/E ratio of 17.98 and a beta of 0.89. The company's fifty day moving average price is $29.02. United Community Banks has a 52 week low of $21.63 and a 52 week high of $31.96. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.10.

United Community Banks (NASDAQ:UCB - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.01). United Community Banks had a return on equity of 8.04% and a net margin of 13.36%. The business had revenue of $384.39 million during the quarter, compared to the consensus estimate of $237.90 million. During the same period in the previous year, the business posted $0.45 EPS. As a group, research analysts predict that United Community Banks will post 2.25 EPS for the current year.

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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