United Community Banks (NASDAQ:UCB) Stock Rating Upgraded by Raymond James

United Community Banks (NASDAQ:UCB) was upgraded by research analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research report issued on Thursday, MarketBeat Ratings reports. The firm currently has a $35.00 target price on the stock. Raymond James’ price target would indicate a potential upside of 11.46% from the stock’s current price.

A number of other research analysts have also commented on the stock. Truist Financial reduced their price target on shares of United Community Banks from $32.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Piper Sandler lowered their price objective on shares of United Community Banks from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, October 25th.

United Community Banks Stock Performance

NASDAQ UCB opened at $31.40 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $3.75 billion, a P/E ratio of 20.39 and a beta of 0.92. The stock’s 50-day moving average is $31.46. United Community Banks has a 52-week low of $24.04 and a 52-week high of $35.38.

United Community Banks (NASDAQ:UCB) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). United Community Banks had a net margin of 13.04% and a return on equity of 8.36%. The business had revenue of $384.39 million for the quarter, compared to analysts’ expectations of $237.90 million. During the same period last year, the company earned $0.45 earnings per share. As a group, analysts forecast that United Community Banks will post 2.23 EPS for the current fiscal year.

Insider Activity at United Community Banks

In other United Community Banks news, CFO Jefferson L. Harralson sold 10,275 shares of the stock in a transaction that occurred 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 owns 43,991 shares in the company, valued at approximately $1,221,190.16. This trade represents a 18.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.54% of the stock is currently owned by company 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.