KBW analyst Catherine Mealor maintained a Hold rating on United Community Banks (UCBI – Research Report) yesterday and set a price target of $28.00. The company’s shares closed yesterday at $28.79.
Mealor covers the Financial sector, focusing on stocks such as Atlantic Union Bankshares, Bank OZK, and City Holding Company. According to TipRanks, Mealor has an average return of 13.6% and a 64.90% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for United Community Banks with a $30.25 average price target.
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Based on United Community Banks’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $234.53 million and a net profit of $47.87 million. In comparison, last year the company earned a revenue of $231.7 million and had a net profit of $81.16 million
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United Community Banks (UCBI) Company Description:
United Community Banks, Inc. is a bank holding company, which engages in the provision of consumer and business banking services. The firm caters on individuals and small and medium-sized businesses. It offers checking, savings, mortgages, borrowing, digital baking, credit cards, and investing services. The company was founded in 1950 and is headquartered in Blairsville, GA.
Read More on UCBI:
- United Community Banks, Inc. Reports Fourth Quarter Results
- UCBI Upcoming Earnings Report: What to Expect?
- United Community Banks, Inc. Announces Date For Fourth Quarter 2023 Earnings Release And Conference Call
- United Community Banks price target lowered to $31 from $32 at Truist
- United Community Banks price target raised to $34 from $33.50 at DA Davidson
