On Jun 27, 2018 SunTrust Downgrades United Comm Banks (UCBI) From Buy.

June 27, 2018 - By Ronnie Lemelle

United Community Banks, Inc. (NASDAQ:UCBI) Corporate Logo

Big Money Sentiment increased to 1.73 in Q1 2018. It has change of 0.63, from 2017Q4’s 1.1. The ratio is positive due to United Community Banks, Inc. positioning: 17 sold and 47 reduced. 41 funds acquired stakes and 70 increased stakes. Investors holded 63.70 million in 2017Q4 but now own 68.38 million shares or 7.36% more.

18,392 were reported by State Board Of Administration Of Florida Retirement Sys. Moreover, Sg Americas Securities Ltd Company has 0% invested in United Community Banks, Inc. (NASDAQ:UCBI) for 4,840 shs. Snyder Cap Mgmt Lp owns 956,292 shs or 1.49% of their US capital. Profund Advsr Ltd Llc reported 14,033 shs. Stevens Cap Management L P holds 0.01% or 7,291 shs. First Tru Advsrs L P invested in 113,086 shs or 0.01% of the stock. Advsrs Asset Mgmt reported 2,391 shs or 0% of all its holdings. Advisory Services invested in 150 shs or 0% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) has 4,874 shs. Bb&T Secs Limited Liability Company reported 7,812 shs stake. Teacher Retirement Of Texas holds 0% or 16,356 shs in its capital. Putnam Invests Ltd invested in 0% or 51,600 shs. M&T Savings Bank stated it has 22,542 shs. Renaissance Techs reported 0.06% stake. Federated Invsts Pa reported 500 shs.

SunTrust Downgraded United Comm Banks (UCBI)’s Stock Rating to Hold.

Professional analysts changed United Comm Banks (UCBI)‘s rating on 26 June. It was announced in analysts report that SunTrust lowered UCBI’s stock from Buy to Hold.

UCBI is reaching $31.8 during the last trading session, after decreased 1.79%.United Community Banks, Inc. is uptrending after having risen 22.96% since June 27, 2017. UCBI has 591,247 volume or 46.84% up from normal. The stock outperformed the S&P 500 by 10.39%.

On July, 25 WallStreet awaited United Community Banks, Inc. (NASDAQ:UCBI)’s earnings report, according to Faxor. Analysts forecast $0.55 earnings per share, which is $0.14 up or 34.15 % from 2017’s $0.41 earnings per share. If the current earnings per share of $0.55 is accurate, UCBI’s profit could reach $43.52M. After $0.50 EPS report last quarter, Wall Street now forecasts 10.00 % EPS growth of United Community Banks, Inc..

United Community Banks, Inc. operates as the bank holding firm for United Community Bank that provides retail and corporate banking services to individuals and businesses.The company has $2.52 billion market cap. It offers various deposit accounts, such as checking accounts, savings and time deposits accounts, NOW accounts, money market deposits, and certificates of deposit.The P/E ratio is 34.64. The firm also provides secured and unsecured loans that include commercial real estate, commercial and industrial, commercial construction, residential construction and mortgage, and indirect auto loans, as well as home equity lines of credits and fixed and adjustable-rate home mortgage loans.

A couple more United Community Banks, Inc. (NASDAQ:UCBI) news were published by: Benzinga.com which released on June 26, 2018 “Benzinga’s Top Upgrades, Downgrades For June 26, 2018”, also Nasdaq.com on June 19, 2018 published “Research Report Identifies Synaptics, Ethan Allen Interiors, Urban Edge Properties, RPM International, Genomic …”, the next Globenewswire.com is “United Community Banks, Inc. Announces Date for Second Quarter 2018 Earnings Release and Conference Call” on June 26, 2018. Nasdaq.com has article titled “United Community Banks, Inc. Appoints Two New Board Members, Lance F. Drummond and Jennifer Mann”.

United Community Banks, Inc. (NASDAQ:UCBI) Institutional Investors Chart

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