Rating Summary: Is United Comm Banks (NASDAQ:UCBI) a Stock to Sell After Keefe Bruyette Downgrade?

November 29, 2016 - By Marie Mckinney

Rating Summary: Is United Comm Banks (NASDAQ:UCBI) a Stock to Sell After Keefe Bruyette Downgrade?

United Comm Banks (NASDAQ:UCBI) Downgrade

In a a note revealed to clients and investors on Tuesday, 29 November, expert analysts at Keefe Bruyette’s equities division decreased United Comm Banks (NASDAQ:UCBI)‘s stock rating from a”Outperform” to “Mkt Perform”.

United Community Banks, Inc. (NASDAQ:UCBI) Ratings Coverage

Out of 3 analysts covering United Community Banks Inc (NASDAQ:UCBI), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $23 is the highest target while $20 is the lowest. The $21.50 average target is -19.93% below today’s ($26.85) stock price. United Community Banks Inc has been the topic of 3 analyst reports since January 21, 2016 according to StockzIntelligence Inc. Hovde Group downgraded United Community Banks, Inc. (NASDAQ:UCBI) on Thursday, October 27 to “Market Perform” rating. The firm has “Strong Buy” rating given on Thursday, October 6 by Raymond James.

About 50,717 shares traded hands. United Community Banks, Inc. (NASDAQ:UCBI) has risen 31.78% since April 26, 2016 and is uptrending. It has outperformed by 26.52% the S&P500.

Analysts await United Community Banks, Inc. (NASDAQ:UCBI) to report earnings on January, 18. They expect $0.39 earnings per share, up 18.18% or $0.06 from last year’s $0.33 per share. UCBI’s profit will be $27.75M for 17.21 P/E if the $0.39 EPS becomes a reality. After $0.39 actual earnings per share reported by United Community Banks, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 2.60, from 3.65 in 2016Q1. The ratio worsened, as 7 funds sold all United Community Banks, Inc. shares owned while 27 reduced positions. 32 funds bought stakes while 92 increased positions. They now own 118.02 million shares or 102.75% more from 58.21 million shares in 2016Q1.

Gemmer Asset Management Limited Liability Com has 161 shares for 0% of their US portfolio. The United Kingdom-based Legal General Grp Plc has invested 0% in United Community Banks, Inc. (NASDAQ:UCBI). Employees Retirement Sys Of Texas, a Texas-based fund reported 75,000 shares. Teachers last reported 0.02% of its portfolio in the stock. Raymond James And last reported 0% of its portfolio in the stock. Renaissance Tech Limited Liability Company holds 0.05% of its portfolio in United Community Banks, Inc. (NASDAQ:UCBI) for 1.57 million shares. Blackrock Lc last reported 317,798 shares in the company. Citigroup has 0% invested in the company for 32,242 shares. Fj Management Ltd Limited Liability Company has 0.07% invested in the company for 21,000 shares. Rothschild Asset Incorporated has invested 0.04% of its portfolio in United Community Banks, Inc. (NASDAQ:UCBI). Moreover, Hancock Company has 0.41% invested in United Community Banks, Inc. (NASDAQ:UCBI) for 542,270 shares. Teachers Retirement Systems Of The State Of Kentucky reported 17,565 shares or 0% of all its holdings. Princeton Alpha Mgmt Lp holds 56,284 shares or 0.18% of its portfolio. Trexquant Investment Limited Partnership has 24,106 shares for 0.06% of their US portfolio. Moreover, Marshall Wace Llp has 0.04% invested in United Community Banks, Inc. (NASDAQ:UCBI) for 281,850 shares.

United Community Banks, Inc. is a bank holding company. The company has a market cap of $1.91 billion. The Company’s principal business is conducted by its subsidiary, United Community Bank . It has a 21.1 P/E ratio. 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.

UCBI Company Profile

United Community Banks, Inc., incorporated on October 21, 1987, 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. The Bank provides a full range of banking services. The Bank offers a full range of retail and corporate banking services, including checking, savings and time deposit accounts, secured and unsecured loans, wire transfers, brokerage services and other financial services.

More recent United Community Banks, Inc. (NASDAQ:UCBI) news were published by: Reuters.com which released: “BRIEF-United Community Banks Inc announces third quarter earnings” on October 26, 2016. Also Globenewswire.com published the news titled: “United Community Banks, Inc. Appoints Two New Board Members, David Shaver and …” on August 10, 2016. Globenewswire.com‘s news article titled: “United Community Banks, Inc. Announces Completion of Merger With Tidelands …” with publication date: July 01, 2016 was also an interesting one.

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