Piper Sandler Trims United Community Banks (NASDAQ:UCB) Target Price to $28.00

United Community Banks (NASDAQ:UCB) 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.

United Community Banks Trading Down 2.1 %

UCB opened at $27.65 on Friday. United Community Banks has a 1-year low of $21.63 and a 1-year high of $31.96. The firm has a market cap of $3.30 billion, a PE ratio of 17.84 and a beta of 0.89. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average of $28.99.

United Community Banks (NASDAQ:UCB) 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.