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. It also offers lending services, including real estate, consumer, and commercial loans, to individuals, small businesses, mid-sized commercial businesses, and non-profit organizations, as well as secured and unsecured, and mortgage loans. In addition, the company originate loans partially guaranteed by the SBA and USDA loan programs. Further, it provides wealth management services comprising financial planning, customized portfolio management, and investment advice; trust services to manage fiduciary assets; non-deposit investment products; and insurance products, including life insurance, long-term care insurance, and tax-deferred annuities, as well as invests in residential and commercial mortgage-backed securities, asset-backed securities, the U.S. treasury, the U.S. agency, and municipal obligations. Additionally, the company offers reinsurance on a property insurance contract; insurance agency services; brokerage services; and payment processing, merchant, wire transfer, private banking, and other related financial services. It operates through a network of 171 branches in Florida, Georgia, North Carolina, South Carolina, and Tennessee. United Community Banks, Inc. was founded in 1950 and is headquartered in Blairsville, Georgia.
Analyst Ratings Changes
UCBI has been the subject of several research reports. StockNews.com downgraded shares of United Community Banks from a "hold" rating to a "sell" rating in a research note on Friday, July 29th. Truist Financial lowered their price objective on shares of United Community Banks from $34.00 to $32.00 in a research note on Wednesday, June 15th. Finally, Piper Sandler lowered their price objective on shares of United Community Banks to $36.00 in a research note on Friday, July 22nd.
United Community Banks Trading Up 0.1 %
NASDAQ:UCBI opened at $36.18 on Friday. The company has a market capitalization of $3.83 billion, a PE ratio of 15.01 and a beta of 1.05. The company has a fifty day moving average of $31.93 and a 200 day moving average of $33.14. United Community Banks has a 1 year low of $27.62 and a 1 year high of $39.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.74 and a quick ratio of 0.74.
United Community Banks (NASDAQ:UCBI - Get Rating) last posted its earnings results on Tuesday, July 19th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.03). The business had revenue of $212.36 million for the quarter, compared to analyst estimates of $213.19 million. United Community Banks had a net margin of 30.10% and a return on equity of 11.27%. The company's revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 earnings per share. Research analysts forecast that United Community Banks will post 2.65 earnings per share for the current year.