United Community Banks (NASDAQ:UCB – Get Free Report) had its price target boosted by investment analysts at Piper Sandler from $32.00 to $35.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price objective indicates a potential upside of 6.35% from the stock’s current price.
UCB has been the topic of a number of other research reports. Raymond James upgraded United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 price target on the stock in a report on Thursday, December 19th. Truist Financial reduced their target price on United Community Banks from $32.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, October 25th.
View Our Latest Stock Analysis on United Community Banks
United Community Banks Trading Down 0.1 %
United Community Banks (NASDAQ:UCB – Get Free Report) 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). The company had revenue of $384.39 million during the quarter, compared to analysts’ expectations of $237.90 million. United Community Banks had a return on equity of 8.64% and a net margin of 16.48%. During the same quarter in the prior year, the firm posted $0.45 EPS. On average, analysts forecast that United Community Banks will post 2.3 EPS for the current fiscal year.
Insider Buying and Selling at United Community Banks
In other news, CFO Jefferson L. Harralson sold 10,275 shares of the stock in a transaction on Monday, October 28th. The shares were 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 directly owns 43,991 shares of the company’s stock, valued at $1,221,190.16. This represents a 18.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is owned by corporate insiders.
About United Community Banks
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.
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