United Community Banks Gets a Hold Rating from KBW

By Austin Angelo

KBW analyst Frederick Cannon reiterated a Hold rating on United Community Banks (NASDAQ: UCBI) on July 28 and set a price target of $30. The company’s shares closed on Friday at $27.59.

According to TipRanks.com, Cannon is a 4-star analyst with an average return of 16.1% and a 68.4% success rate. Cannon covers the Financial sector, focusing on stocks such as Provident Financial Holdings, Inc, Bank of NT Butterfield & Son, and Fidelity National Financial.

Currently, the analyst consensus on United Community Banks is Moderate Buy and the average price target is $30, representing an 8.7% upside.

In a report issued on July 27, Stephens also reiterated a Hold rating on the stock with a $29 price target.

The company has a one year high of $30.47 and a one year low of $18.78. Currently, United Community Banks has an average volume of 408.1K.

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United Community Banks, Inc. engages in the provision of consumer and business banking services, concentrating on individuals and small and medium-sized businesses. It offers commercial, consumer and commercial real estate loans; deposit services, including checking accounts, savings accounts, CDS health savings and IRAs, personal loans and mortgages other services, including internet banking and e-statements, electronic bill paying services and an overdraft privilege to its customers. The compnay was founded in 1987 and is headquartered in Blairsville, GA.