United Community Banks (NYSE:UCB) Stock Rating Upgraded by Wall Street Zen

Key Points

• United Community Banks' stock rating has been upgraded from "sell" to "hold" by Wall Street Zen, while Raymond James Financial downgraded it from "moderate buy" to "hold."
• The company's stock opened at $31.55 and has experienced a 12-month trading range between $22.93 and $35.38.
• United Community Banks reported a quarterly EPS of $0.66, surpassing estimates, but revenue fell short of expectations at $260.24 million.

Wall Street Zen upgraded shares of United Community Banks (NYSE:UCB - Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

Separately, Raymond James Financial cut United Community Banks from a "moderate buy" rating to a "hold" rating in a report on Tuesday, July 8th.

United Community Banks Stock Up 0.6%

UCB traded up $0.18 on Friday, hitting $31.55. 805,838 shares of the company traded hands, compared to its average volume of 667,530. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.04. The company has a market cap of $3.83 billion, a PE ratio of 12.87 and a beta of 0.78. United Community Banks has a 12-month low of $22.93 and a 12-month high of $35.38.

United Community Banks (NYSE:UCB - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.62 by $0.04. The firm had revenue of $260.24 million during the quarter, compared to the consensus estimate of $261.65 million. United Community Banks had a return on equity of 8.91% and a net margin of 17.93%.

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