A statement released earlier today by Zacks Investment Research about United Community Banks, Inc. (NASDAQ:UCBI) bumps the target price to $30.00
- Updated: November 30, 2016
Having a price of $27.25, United Community Banks, Inc. (NASDAQ:UCBI) traded 1.72% higher on the day. With the last close up 32.58% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same period. United Community Banks, Inc. has recorded a 50-day average of $23.03 and a two hundred day average of $20.55. Trading volume was down over the average, with 62,574 shares of UCBI changing hands under the typical 436,358
Stating a potential upside of 0.10%, Zacks Investment Research upped the price target of United Community Banks, Inc. (NASDAQ:UCBI) to $30.00
Recent Performance Chart
United Community Banks, Inc. has 52 week low of $15.74 and a 52 week high of $27.50 with a PE ratio of 21.42 and has a market capitalization of $0.
Brief Synopsis On United Community Banks, Inc. (NASDAQ:UCBI)
United Community Banks, Inc. is a bank holding company. The Company's principal business is conducted by its subsidiary, United Community Bank (the Bank). The Bank is a chartered commercial bank that serves markets throughout north Georgia, coastal Georgia, the Atlanta-Sandy Springs-Roswell, Georgia and Gainesville, Georgia metropolitan statistical areas, western North Carolina, upstate South Carolina and east Tennessee. The Bank provides a full range of banking services. The Bank, through its full-service retail mortgage lending division, United Community Mortgage Services (UCMS), is approved as a seller/servicer for the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), and provides fixed and adjustable-rate home mortgages. The Bank owns an insurance agency, United Community Insurance Services, Inc. (UCIS), known as United Community Advisory Services, which is a subsidiary of the Bank.
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