Analysts Set United Community Banks, Inc. (NASDAQ:UCB) PT at $33.14

Shares of United Community Banks, Inc. (NASDAQ:UCB - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $33.14.

UCB has been the topic of a number of recent research reports. Keefe, Bruyette & Woods cut their target price on United Community Banks from $35.00 to $32.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 30th. Hovde Group raised United Community Banks from a "market perform" rating to an "outperform" rating and dropped their price objective for the company from $32.00 to $31.00 in a research report on Monday, April 7th. Stephens reaffirmed an "overweight" rating and set a $36.00 price objective on shares of United Community Banks in a research report on Wednesday, April 23rd. Finally, DA Davidson dropped their price objective on United Community Banks from $38.00 to $33.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd.

United Community Banks Stock Down 1.9%

Shares of NASDAQ UCB traded down $0.61 during trading on Monday, reaching $31.18. The company had a trading volume of 425,374 shares, compared to its average volume of 665,868. United Community Banks has a 12-month low of $22.93 and a 12-month high of $35.38. The stock has a market cap of $3.79 billion, a PE ratio of 15.28 and a beta of 0.78. The business's 50-day moving average is $28.97 and its 200 day moving average is $29.66. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.08.

United Community Banks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Sunday, June 15th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.96 annualized dividend and a yield of 3.08%. United Community Banks's payout ratio is 45.50%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in UCB. Quarry LP bought a new position in shares of United Community Banks in the first quarter worth about $26,000. Nomura Asset Management Co. Ltd. bought a new stake in United Community Banks during the 4th quarter valued at approximately $31,000. Versant Capital Management Inc bought a new stake in United Community Banks during the 1st quarter valued at approximately $37,000. Public Employees Retirement System of Ohio bought a new stake in United Community Banks during the 4th quarter valued at approximately $42,000. Finally, Quadrant Capital Group LLC bought a new stake in United Community Banks during the 4th quarter valued at approximately $45,000. Institutional investors own 82.29% of the company's stock.

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.