Investment analysts at Keefe, Bruyette & Woods increased their price objective on shares of United Community Banks (NASDAQ:UCBI) from $4.00 to $15.00 in a note issued to investors on Friday, AnalystRatingsNetwork.com reports. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 9.25% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Guggenheim raised their price target on shares of United Community Banks from $13.00 to $14.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Raymond James upgraded shares of United Community Banks from an “outperform” rating to a “strong-buy” rating in a research note to investors on Friday. They now have a $16.00 price target on the stock, up previously from $15.00. Finally, analysts at Raymond James raised their price target on shares of United Community Banks from $14.00 to $15.00 in a research note to investors on Thursday, June 27th. They now have an “outperform” rating on the stock.
United Community Banks (NASDAQ: UCBI) traded up 1.10% on Friday, hitting $13.75. United Community Banks has a 1-year low of $6.12 and a 1-year high of $14.20. The stock’s 50-day moving average is currently $12.79. The company has a market cap of $794.4 million and a price-to-earnings ratio of 35.98.
United Community Banks (NASDAQ:UCBI) last posted its quarterly earnings results on Thursday, July 25th. The company reported $3.90 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.04) by $3.94. During the same quarter in the prior year, the company posted $0.06 earnings per share. Analysts expect that United Community Banks will post $0.65 EPS for the current fiscal year.
United Community Banks, Inc (NASDAQ: UCBI) is a bank holding company.
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