Stock of The Day: What’s United Community Banks, Inc. Upside After Touching 52-Week High?

Stock of The Day: What's United Community Banks, Inc. Upside After Touching 52 Week High?

The stock of United Community Banks, Inc. (NASDAQ:UCBI) hit a new 52-week high and has $31.26 target or 37.00% above today’s $22.82 share price. The 6 months bullish chart indicates low risk for the $1.65 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $31.26 price target is reached, the company will be worth $610.50M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 308,973 shares traded hands. United Community Banks, Inc. (NASDAQ:UCBI) has risen 23.33% since April 7, 2016 and is uptrending. It has outperformed by 18.55% the S&P500.

United Community Banks, Inc. (NASDAQ:UCBI) Ratings Coverage

Out of 3 analysts covering United Community Banks Inc (NASDAQ:UCBI), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. United Community Banks Inc has been the topic of 3 analyst reports since January 21, 2016 according to StockzIntelligence Inc. The company was upgraded on Thursday, October 6 by Raymond James. The rating was downgraded by Hovde Group to “Market Perform” on Thursday, October 27.

Insitutional Activity: The institutional sentiment increased to 3.65 in 2016 Q2. Its up 2.23, from 1.42 in 2016Q1. The ratio increased, as 7 funds sold all United Community Banks, Inc. shares owned while 27 reduced positions. 32 funds bought stakes while 92 increased positions. They now own 118.02 million shares or 102.75% more from 58.21 million shares in 2016Q1.
Int Group Incorporated Incorporated holds 0% or 52,252 shares in its portfolio. First Trust Advsrs Limited Partnership last reported 0.01% of its portfolio in the stock. The Massachusetts-based Boston Prtn has invested 0.02% in United Community Banks, Inc. (NASDAQ:UCBI). Tnb reported 11,171 shares or 0.05% of all its holdings. Schwab Charles Management has invested 0.01% of its portfolio in United Community Banks, Inc. (NASDAQ:UCBI). Metropolitan Life Insur Ny has 0.01% invested in the company for 51,120 shares. Commercial Bank Of Montreal Can accumulated 0% or 84,612 shares. California Employees Retirement System holds 0% of its portfolio in United Community Banks, Inc. (NASDAQ:UCBI) for 122,100 shares. Goldman Sachs Grp Inc Inc has 447,415 shares for 0% of their US portfolio. Capstone Asset Mgmt Co has 0.01% invested in the company for 17,615 shares. Geode Capital Ltd Liability accumulated 0% or 470,862 shares. Blackrock Institutional Na holds 0.01% of its portfolio in United Community Banks, Inc. (NASDAQ:UCBI) for 1.80 million shares. Hbk Invs L P has 15,061 shares for 0% of their US portfolio. Susquehanna Group Incorporated Llp reported 28,613 shares or 0% of all its holdings. Hancock Holdings holds 0.41% or 542,270 shares in its portfolio.

More important recent United Community Banks, Inc. (NASDAQ:UCBI) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Redwood Trust, Digital Realty Trust and United Community …” on September 09, 2016, also Globenewswire.com published article titled: “United Community Banks, Inc. Appoints Two New Board Members, David Shaver and …”, Globenewswire.com published: “United Community Banks, Inc. Announces Completion of Merger With Tidelands …” on July 01, 2016. More interesting news about United Community Banks, Inc. (NASDAQ:UCBI) was released by: Reuters.com and their article: “BRIEF-United Community Banks Inc announces third quarter earnings” with publication date: October 26, 2016.

United Community Banks, Inc. is a bank holding company. The company has a market cap of $1.65 billion. The Company’s principal business is conducted by its subsidiary, United Community Bank . It has a 17.93 P/E ratio. 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.

UCBI Company Profile

United Community Banks, Inc., incorporated on October 21, 1987, 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 offers a full range of retail and corporate banking services, including checking, savings and time deposit accounts, secured and unsecured loans, wire transfers, brokerage services and other financial services.

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