United Community Banks, Inc. (NASDAQ:UCBI) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: December 1, 2016
Zacks Investment Research has downgraded United Community Banks, Inc. (NASDAQ:UCBI) to Hold in a report released on Thursday December 01, 2016.
Previously on 11/30/2016, Zacks Investment Research released a statement about United Community Banks, Inc. (NASDAQ:UCBI) increased the target price from $0.00 to $30.00. At the time, this indicated a possible upside of 0.10%.
Just yesterday United Community Banks, Inc. (NASDAQ:UCBI) traded 1.25% higher at $27.25. United Community Banks, Inc.’s 50-day moving average is $23.03 and its 200-day moving average is $20.55. The last stock price is up 33.89% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 476,558 shares of UCBI traded hands, up from an average trading volume of 436,358
Recent Performance Chart
United Community Banks, Inc. has 52 week low of $15.74 and a 52 week high of $27.59 with a PE ratio of 21.64 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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