Investment analysts at Raymond James boosted their target price on shares of United Community Banks (NASDAQ:UCBI) from $16.00 to $19.00 in a note issued to investors on Friday, AnalystRatings.NET reports. The firm currently has a “strong-buy” rating on the stock. Raymond James’ target price suggests a potential upside of 19.65% from the stock’s previous close.
United Community Banks (NASDAQ:UCBI) traded up 0.89% on Friday, hitting $15.88. The stock had a trading volume of 404,297 shares. United Community Banks has a 1-year low of $7.72 and a 1-year high of $16.04. The stock has a 50-day moving average of $14.87 and a 200-day moving average of $12.46. The company has a market cap of $918.5 million and a price-to-earnings ratio of 3.72.
United Community Banks (NASDAQ:UCBI) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.02. During the same quarter last year, the company posted $0.13 earnings per share.
Separately, analysts at SunTrust raised their price target on shares of United Community Banks from $14.00 to $15.50 in a research note to investors on Tuesday, August 20th. They now have a “neutral” rating on the stock. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $15.30.
United Community Banks, Inc (NASDAQ:UCBI) is a bank holding company.
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