United Community Banks, Inc. (NASDAQ:UCBI) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: November 27, 2016
Zacks Investment Research has downgraded United Community Banks, Inc. (NASDAQ:UCBI) to Hold in a statement released on 11/22/2016.
On Friday November 18, 2016, Zacks Investment Research released a statement for United Community Banks, Inc. (NASDAQ:UCBI) bumped up the target price from $0.00 to $29.00 that suggested an upside of 0.12%.
Boasting a price of $26.45, United Community Banks, Inc. (NASDAQ:UCBI) traded -0.33% lower on the day. With the last stock price close up 32.20% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. United Community Banks, Inc. has recorded a 50-day average of $22.88 and a two hundred day average of $20.49. Volume of trade was down over the average, with 169,591 shares of UCBI changing hands under the typical 441,078
With a total market value of $0, United Community Banks, Inc. has price-earnings ratio of 21.30 with a one year low of $15.74 and a one year high of $27.28 .
Brief Synopsis About 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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