Analyst Rating Update on United Community Banks (UCBI)

United Community Banks (NASDAQ:UCBI) : 4 analysts are covering United Community Banks (NASDAQ:UCBI) and their average rating on the stock is 1.5, which is read as a Strong Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. United Community Banks (NASDAQ:UCBI) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels.

United Community Banks (NASDAQ:UCBI) : The most positive equity analysts on United Community Banks (NASDAQ:UCBI) expects the shares to touch $24, whereas, the least positive believes that the stock will trade at $22 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $23.13 with an expected fluctuation of $1.03 from the mean.

For the current week, the company shares have a recommendation consensus of Buy.

United Community Banks (NASDAQ:UCBI): stock turned positive on Tuesday. Though the stock opened at $17.5, the bulls momentum made the stock top out at $17.65 level for the day. The stock recorded a low of $17.285 and closed the trading day at $17.53, in the green by 1.92%. The total traded volume for the day was 1,232,924. The stock had closed at $17.2 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Paumgarten Nicholas B, director of United Community Banks Inc, had unloaded 7,300,047 shares at an average price of $19.66 in a transaction dated on May 6, 2016. The total value of the transaction was worth $143,518,924.

United Community Banks, Inc. is a bank holding company. The Companys principal business is conducted by its wholly owned subsidiary, United Community Bank (the Bank). The Bank is a chartered commercial bank that serves markets throughout north Georgia, coastal Georgia, the Atlanta, Georgia MSA, the Gainesville, Georgia MSA, western North Carolina, the Greenville, South Carolina MSA, and east and central Tennessee and provides a full range of banking services. The Company conducts substantially all of its operations through a community focused operating model of separate community banks. The community banks offer a full range of retail and corporate banking services, including checking, savings and time deposit accounts, secured and unsecured loans, wire transfers, brokerage services and other financial services.

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