Rating Watching: Will KBW Downgrade Harm United Community Banks Inc (NASDAQ:UCBI) Stock Price Today?

November 29, 2016 - By Richard Conner

Rating Watching: Will KBW Downgrade Harm United Community Banks Inc (NASDAQ:UCBI) Stock Price Today?

United Community Banks Inc (NASDAQ:UCBI) Downgrade

In a a report shared with investors on 29 November, KBW has lowered United Community Banks Inc (NASDAQ:UCBI) stock to Mkt Perform. UCBI’s old rating was Outperform.

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 -19.75% below today’s ($26.79) stock price. United Community Banks Inc has been the topic of 3 analyst reports since January 21, 2016 according to StockzIntelligence Inc. The firm has “Market Perform” rating given on Thursday, October 27 by Hovde Group. Raymond James upgraded the shares of UCBI in a report on Thursday, October 6 to “Strong Buy” rating.

The stock increased 0.49% or $0.13 during the last trading session, hitting $26.79. About 421,549 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 $27.66 million for 17.17 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 dropped, 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.

Springbok Capital Management last reported 2,400 shares in the company. Goldman Sachs has 447,415 shares for 0% of their US portfolio. Nationwide Fund Advsrs last reported 0.02% of its portfolio in the stock. Hillsdale Invest Management accumulated 3,500 shares or 0.02% of the stock. Fort Washington Advsr Oh accumulated 0.01% or 34,862 shares. Glenmede Tru Na, a Pennsylvania-based fund reported 27,205 shares. California Public Employees Retirement holds 0% or 122,100 shares in its portfolio. Millennium Lc has 0.12% invested in the company for 2.80M shares. Arizona State Retirement Sys has 0.01% invested in the company for 36,481 shares. Legal General Gru Plc holds 0% of its portfolio in United Community Banks, Inc. (NASDAQ:UCBI) for 10,695 shares. Diam, a Japan-based fund reported 32,500 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 1,203 shares in its portfolio. Los Angeles Cap Mgmt And Equity Research reported 19,419 shares or 0% of all its holdings. The Massachusetts-based Wellington Mngmt Grp Inc Ltd Liability Partnership has invested 0.01% in United Community Banks, Inc. (NASDAQ:UCBI). Palouse Management holds 0.09% or 11,951 shares in its portfolio.

United Community Banks, Inc. is a bank holding company. The company has a market cap of $1.90 billion. The Company’s principal business is conducted by its subsidiary, United Community Bank . It has a 21.05 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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