United Community Banks (NASDAQ:UCB) Price Target Raised to $35.00

United Community Banks (NASDAQ:UCB - Free Report) had its price target lifted by Piper Sandler from $32.00 to $35.00 in a report issued on Thursday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research firms also recently weighed in on UCB. Raymond James upgraded shares of United Community Banks from a "market perform" rating to an "outperform" rating and set a $35.00 price target for the company in a research report on Thursday, December 19th. Truist Financial reduced their target price on United Community Banks from $32.00 to $30.00 and set a "hold" rating for the company in a report on Friday, October 25th.

United Community Banks Stock Down 0.1 %

Shares of UCB stock traded down $0.04 during trading hours on Thursday, hitting $32.91. 654,198 shares of the company's stock were exchanged, compared to its average volume of 666,132. United Community Banks has a fifty-two week low of $24.04 and a fifty-two week high of $35.38. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 16.13 and a beta of 0.93. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.08. The business's 50 day moving average price is $32.67.

United Community Banks (NASDAQ:UCB - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.01). United Community Banks had a return on equity of 8.64% and a net margin of 16.48%. The company had revenue of $384.39 million for the quarter, compared to analyst estimates of $237.90 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. On average, equities analysts forecast that United Community Banks will post 2.3 earnings per share for the current fiscal year.

United Community Banks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 16th were given a dividend of $0.24 per share. The ex-dividend date was Monday, December 16th. This represents a $0.96 dividend on an annualized basis and a yield of 2.92%. United Community Banks's payout ratio is presently 47.06%.

Insider Buying and Selling at United Community Banks

In other United Community Banks news, CFO Jefferson L. Harralson sold 10,275 shares of the firm's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $27.76, for a total value of $285,234.00. Following the completion of the sale, the chief financial officer now directly owns 43,991 shares of the company's stock, valued at $1,221,190.16. This trade represents a 18.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is owned by insiders.

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.