The Q4 2016 Earnings Estimate for United Community Banks, Inc. (UCBI) Issued By FIG Partners

The Q4 2016 Earnings Estimate for United Community Banks, Inc. (UCBI) Issued By FIG Partners

United Community Banks, Inc. (NASDAQ:UCBI) – Equities research analysts at FIG Partners lifted their Q4 2016 EPS estimates for shares of United Community Banks in a research note issued on Wednesday. FIG Partners analyst C. Marinac now expects that the brokerage will earn $0.39 per share for the quarter, up from their previous estimate of $0.38.

United Community Banks (NASDAQ:UCBI) last issued its quarterly earnings results on Wednesday, October 26th. The financial services provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. During the same period in the previous year, the company earned $0.33 earnings per share.

Several other research firms have also recently issued reports on UCBI. Zacks Investment Research upgraded United Community Banks from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Friday. Hovde Group cut United Community Banks from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $22.00 to $23.00 in a report on Thursday. Finally, Raymond James Financial Inc. upgraded United Community Banks from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $22.00 to $24.00 in a report on Thursday, October 6th.

Shares of United Community Banks (NASDAQ:UCBI) opened at 21.30 on Monday. United Community Banks has a one year low of $15.74 and a one year high of $22.23. The stock has a 50 day moving average price of $20.96 and a 200 day moving average price of $19.88. The stock has a market capitalization of $1.51 billion and a P/E ratio of 16.75.

Hedge funds and other institutional investors have recently modified their holdings of the company. Sei Investments Co. boosted its position in shares of United Community Banks by 137.8% in the second quarter. Sei Investments Co. now owns 5,466 shares of the financial services provider’s stock valued at $100,000 after buying an additional 3,167 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of United Community Banks by 950.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 6,300 shares of the financial services provider’s stock valued at $115,000 after buying an additional 5,700 shares in the last quarter. PineBridge Investments L.P. boosted its position in shares of United Community Banks by 19.8% in the second quarter. PineBridge Investments L.P. now owns 8,916 shares of the financial services provider’s stock valued at $163,000 after buying an additional 1,472 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of United Community Banks by 35.7% in the second quarter. Teacher Retirement System of Texas now owns 9,391 shares of the financial services provider’s stock valued at $172,000 after buying an additional 2,470 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of United Community Banks by 25.8% in the second quarter. Legal & General Group Plc now owns 10,695 shares of the financial services provider’s stock valued at $192,000 after buying an additional 2,195 shares in the last quarter.

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