Raymond James Financial Inc. upgraded United Community Banks, Inc. (NASDAQ:UCBI) to Strong-Buy in a report released today.
- Updated: October 6, 2016
Yesterday United Community Banks, Inc. (NASDAQ:UCBI) traded 1.37% higher at $21.44. The company’s 50-day moving average is $20.58 and its 200-day moving average is $19.54. The last stock close price is up 9.93% from the 200-day moving average, compared to the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 94,645 shares of UCBI changing hands under the typical 374,394
Raymond James Financial Inc. has upgraded United Community Banks, Inc. (NASDAQ:UCBI) to Strong-Buy in a report released on 10/06/2016.
With a total market value of $0, United Community Banks, Inc. has price-earnings ratio of 18.17 with a one year low of $15.74 and a one year high of $22.23 .
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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