Stock Rating Runner: Is United Community Banks (NASDAQ:UCBI) a Sell? How Analyst Rate it? Why Keefe Bruyette & Woods Downgraded The Stock

November 29, 2016 - By Nellie Frank

Stock Rating Runner: Is United Community Banks (NASDAQ:UCBI) a Sell? How Analyst Rate it? Why Keefe Bruyette & Woods Downgraded The Stock

United Community Banks (NASDAQ:UCBI) Downgrade

Professional analysts at Keefe Bruyette & Woods’s equities division cut United Community Banks (NASDAQ:UCBI)‘s stock rating from “Outperform” to “Market Perform” on 29 November.

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 -20.04% below today’s ($26.89) 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 “Strong Buy” rating by Raymond James given on Thursday, October 6. Hovde Group downgraded United Community Banks, Inc. (NASDAQ:UCBI) on Thursday, October 27 to “Market Perform” rating.

About 256,479 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 $27.69 million for 17.24 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 turned negative, 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.

Comerica Financial Bank accumulated 70,210 shares or 0.01% of the stock. Ameriprise Financial accumulated 498,641 shares or 0.01% of the stock. Nordea Investment Mgmt has 0.01% invested in the company for 110,700 shares. The North Carolina-based Bancorp Of America De has invested 0% in United Community Banks, Inc. (NASDAQ:UCBI). The Georgia-based Invesco has invested 0% in United Community Banks, Inc. (NASDAQ:UCBI). Guggenheim Limited Com has 0% invested in the company for 51,002 shares. Credit Suisse Ag last reported 0% of its portfolio in the stock. Brandywine Inv Mngmt holds 114,740 shares or 0.01% of its portfolio. Stevens Lp last reported 44,604 shares in the company. Vanguard Grp Inc holds 0% or 3.97M shares in its portfolio. Teachers Advisors accumulated 668,905 shares or 0.02% of the stock. Manufacturers Life Ins The owns 48,046 shares or 0% of their US portfolio. The Texas-based Dimensional Fund Advisors Limited Partnership has invested 0.03% in United Community Banks, Inc. (NASDAQ:UCBI). Advisory Services Llc has 236 shares for 0% of their US portfolio. Prudential Fincl Incorporated holds 0.01% of its portfolio in United Community Banks, Inc. (NASDAQ:UCBI) for 332,042 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 21.13 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>