KBW Keeps Their Hold Rating on United Community Banks (UCBI)

In a report released yesterday, Catherine Mealor from KBW maintained a Hold rating on United Community Banks (UCBI – Research Report), with a price target of $28.00. The company’s shares closed last Friday at $25.98.

According to TipRanks, Mealor is a 5-star analyst with an average return of 11.7% and a 60.61% success rate. Mealor covers the Financial sector, focusing on stocks such as Atlantic Union Bankshares, Southern States Bancshares, and Ameris Bancorp.

Currently, the analyst consensus on United Community Banks is a Hold with an average price target of $29.00, representing an 11.62% upside. In a report released on April 25, Piper Sandler also maintained a Hold rating on the stock with a $28.00 price target.

Based on United Community Banks’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $180.36 million and a net profit of $14.09 million. In comparison, last year the company earned a revenue of $243.24 million and had a net profit of $81.45 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.