United Community Banks (NASDAQ:UCB – Get Free Report) had its price objective decreased by investment analysts at Piper Sandler from $29.00 to $28.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price target suggests a potential upside of 1.27% from the stock’s previous close.
Separately, Truist Financial lowered their target price on United Community Banks from $32.00 to $30.00 and set a “hold” rating for the company in a research note on Friday.
Read Our Latest Report on United Community Banks
United Community Banks Trading Down 2.1 %
United Community Banks (NASDAQ:UCB – Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). United Community Banks had a net margin of 13.36% and a return on equity of 8.04%. The company had revenue of $384.39 million for the quarter, compared to the consensus estimate of $237.90 million. During the same period last year, the company earned $0.45 earnings per share. On average, research analysts predict that United Community Banks will post 2.25 EPS for the current year.
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.
See Also
- Five stocks we like better than United Community Banks
- Where to Find Earnings Call Transcripts
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- MarketBeat Week in Review – 10/21- 10/25
Receive News & Ratings for United Community Banks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Community Banks and related companies with MarketBeat.com's FREE daily email newsletter.