United Community Banks (NASDAQ:UCBI) Reaches New 12-Month Low at $27.47

Posted by on Jun 17th, 2022

United Community Banks, Inc. (NASDAQ:UCBI – Get Rating)’s stock price reached a new 52-week low on Friday . The stock traded as low as $27.47 and last traded at $28.89, with a volume of 2203 shares trading hands. The stock had previously closed at $27.96.

UCBI has been the topic of several recent analyst reports. Raymond James lowered United Community Banks from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 6th. StockNews.com upgraded United Community Banks from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Truist Financial lowered their target price on United Community Banks from $34.00 to $32.00 in a research note on Wednesday.

The company has a market cap of $3.03 billion, a P/E ratio of 10.84 and a beta of 1.07. The firm has a 50 day moving average price of $30.78 and a 200-day moving average price of $34.26. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.75 and a current ratio of 0.76.

United Community Banks (NASDAQ:UCBI – Get Rating) last released its quarterly earnings results on Tuesday, April 19th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). The company had revenue of $202.77 million for the quarter, compared to the consensus estimate of $202.89 million. United Community Banks had a return on equity of 11.93% and a net margin of 32.10%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.83 EPS. On average, sell-side analysts forecast that United Community Banks, Inc. will post 2.66 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 5th. Stockholders of record on Wednesday, June 15th will be paid a dividend of $0.21 per share. The ex-dividend date is Tuesday, June 14th. This represents a $0.84 annualized dividend and a dividend yield of 2.94%. United Community Banks’s dividend payout ratio (DPR) is presently 32.56%.

In related news, CEO H Lynn Harton sold 5,000 shares of the stock in a transaction that occurred on Friday, April 1st. The stock was sold at an average price of $35.11, for a total transaction of $175,550.00. Following the completion of the sale, the chief executive officer now owns 242,222 shares in the company, valued at approximately $8,504,414.42. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.54% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Raleigh Capital Management Inc. acquired a new position in United Community Banks in the 1st quarter valued at approximately $26,000. EverSource Wealth Advisors LLC raised its holdings in shares of United Community Banks by 87.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the financial services provider’s stock worth $39,000 after buying an additional 524 shares in the last quarter. Massmutual Trust Co. FSB ADV acquired a new position in shares of United Community Banks in the 1st quarter worth approximately $54,000. Lazard Asset Management LLC raised its holdings in shares of United Community Banks by 54.0% in the 4th quarter. Lazard Asset Management LLC now owns 1,605 shares of the financial services provider’s stock worth $57,000 after buying an additional 563 shares in the last quarter. Finally, Lee Financial Co acquired a new position in shares of United Community Banks in the 1st quarter worth approximately $96,000. 79.51% of the stock is owned by hedge funds and other institutional investors.

United Community Banks Company Profile (NASDAQ:UCBI)

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. The company accepts various deposit products, including checking, savings, money market, and other deposit accounts.

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