United Community Banks (UCBI) was Downgraded by Keefe Bruyette to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Keefe Bruyette advised their investors in a research report released on Nov 29, 2016.
Many Wall Street Analysts have commented on United Community Banks. Company shares were Downgraded by Hovde Group on Oct 27, 2016 to ” Market Perform”, Firm has raised the Price Target to $ 23 from a previous price target of $22 .
On the company’s financial health, United Community Banks reported $0.36 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Oct 26, 2016. Analyst had a consensus of $0.37.Analysts expectations of $ 104.34.During the same quarter in the previous year, the company posted $0.33 EPS.
United Community Banks closed down -0.09 points or -0.33% at $27.09 with 1,69,591 shares getting traded on Friday. Post opening the session at $27.15, the shares hit an intraday low of $26.99 and an intraday high of $27.15 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Investors should note that on Nov 4, 2016, United Community Banks announced a cash dividend of $0.0800. The company’s management has announced Dec 13, 2016 as the ex-dividend date and fixed the record date on Dec 15, 2016. The payable date has been fixed on Jan 5, 2017.
In a different news, on May 9, 2016, Nicholas B Paumgarten (director) sold 7,300,047 shares at $19.66 per share price. According to the SEC, on Jun 12, 2015, Bradley J Miller (EVP, CRO & GENERAL COUNSEL) sold 1,500 shares at $19.55 per share price. On May 27, 2015, W C Jr Nelson (director) purchased 5,000 shares at $18.80 per share price, according to the Form-4 filing with the securities and exchange commission.
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.