United Community Banks Inc. (NASDAQ:UCBI) finished Friday with an addition of $0.22 to close at $35.74, an upside of 0.62 percent. An average of 593,080 shares of common stock have been traded in the last five days. There was a gain of $1.78 in the past week, and it reached a new high 31 times over the past 12 months. The last 20 days have seen an average of 527,930 shares traded, while the 50-day average volume stands at 445,192.
UCBI stock has increased by 19.49% in the last month. The company shares reached their 1-month lowest point of $29.00 on 09/23/21. With the stock rallying to its 52-week high on 03/18/21, shares of the company touched a low of $19.87 and a high of $36.67 in 52 weeks. It has reached a new high 18 times so far this year and achieved 25.67% or $7.30 in price. In spite of this, the price is down -2.54% from the 52-week high.
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22 days have passed since United Community Banks Inc. (UCBI) last reported insider trading activity. HARTON H LYNN, who is President & CEO, most recently acquired $10,000 shares at $32.95 per share on Oct 01. In this transaction, the insider spent $329,500. President & CEO, HARTON H LYNN, disposed of 10,000 shares at a price of $32.16 on Jul 01. The insider now owns more than $321,600 worth of shares. Prior to that, EVP, CFO HARRALSON JEFFERSON L went on to Sale 6,000 shares at $32.00 each on Apr 23. An amount of $192,022 was transacted.
United Community Banks Inc. (UCBI) has a trailing price-to-earnings (P/E) ratio of 12.89, which compares with the 16.80 for the broader industry and 13.15 for the sector. In the last five years, United Community Banks Inc.’s PE ratio has ranged between 35.49 and 6.909. The stock’s beta is 1.21. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.32, the price-to-book (PB) ratio at 1.57, and the price-to-cash flow ratio at 14.59.
United Community Banks Inc. pays a $0.80 dividend per share annually. It offers a dividend yield of 2.24%. The company has a payout ratio of 26.60%. The company’s most recent quarterly dividend payment took place on Oct. 5, and it was $0.20 a share, representing a up of 5.26% from $0.19 last year. Its dividend has been increased for the last 7 consecutive years with the latest increase dividend $0.01 reported on Friday August 13 2021.Dividends have grown by 89.47% each year over the last three years.
Further, the company has a long term debt to equity ratio of 0.13 and a total debt to equity ratio of 0.13 for the quarter ending June 29. Its gross profit as reported stood at $501.76 million compared to revenue of $558.0 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, United Community Banks Inc.’s return on assets was 1.30%. For the broader industry, ROE averaged 11.10 over the past year.
For the three-month period that ended June 29, United Community Banks Inc. had $261.92 million in total debt. The analyst consensus anticipated United Community Banks Inc.’s latest quarter earnings to come in at $0.67 per share, but it turned out to be $0.79, a 17.90% surprise. At the end of the quarter ending June 29, United Community Banks Inc.’s stock balance sheet showed total debt was $289.01 million. Shareholders own equity worth $86.63 million.
From a technical analysis perspective, let’s take a brief look at United Community Banks Inc. (UCBI) price momentum. RSI 9-day as of the close on 22 October was 80.99%, suggesting the stock is Overbought, with historical volatility in this time frame at 18.66%.
As of today, UCBI’s price is $34.84 +5.24% or $1.78 from its 5-day moving average. UCBI is currently trading +17.26% higher than its 20-day SMA and +4.44% higher than its 100-day SMA. However, the stock’s current price level is +14.85% above the SMA50 and +14.70% above the SMA200.
The stochastic %K and %D were 96.12% and 89.65%, respectively, and the average true range (ATR) was 0.82. With the 14-day stochastic at 93.73% and the average true range at 0.84, the RSI (14) stands at 75.79%. The stock has reached 1.07 on the 9-day MACD Oscillator while the 14-day reading was at 1.41.
Raymond James upgraded United Community Banks Inc. (NASDAQ: UCBI) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Mkt perform. The consensus rating for United Community Banks Inc. (UCBI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell UCBI, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 4 others rate it as a “buy”.
What is UCBI’s price target for the next 12 months?
Analysts predict a range of price targets between $36.00 and $41.00, with a median target of $38.00. Taking a look at these predictions, the average price target given by analysts for United Community Banks Inc. (UCBI) stock is $38.36.