In a report released today, Tyler Stafford from Stephens maintained a Hold rating on United Community Banks (UCBI), with a price target of $27. The company’s shares closed yesterday at $27.06.
Stafford noted:
“We have an EW rating. See below for +/- on the quarter. KEY POINTS: Positives. Loan growth of 5.3% LQA was a beat vs. our / Street’s 3.3% / 4.3% estimates. GAAP NIM expanded to 4.10%, coming in ahead of us and Street at 3.97%, while the core NIM was up +10 bps to 3.98% (vs. us at 3.90%). Ultimately, core FTE NII of $113.1 mil. was a beat vs. our $111.3 mil. estimate. Expenses of $75.3 mil. beat our and Street’s estimates of $77.3 mil.”
According to TipRanks.com, Stafford is a 4-star analyst with an average return of 5.7% and a 59.7% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pacific Premier Bancorp Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for United Community Banks with a $29.33 average price target.
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The company has a one-year high of $34.18 and a one-year low of $20.23. Currently, United Community Banks has an average volume of 496.2K.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is neutral on the stock.
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United Community Banks, Inc. is a bank holding company, which engages in the provision of consumer and business banking services, concentrating on individuals and small and medium-sized businesses. It also offers borrowing, planning and support, treasury management, and investments. The company was founded in 1987 and is headquartered in Blairsville, GA.
