United Community Banks Inc (NYSE:UCB) does about 543.69K shares in volume on a normal day but saw 428832 shares change hands in the recent trading day. The company now has a market cap of 3.63B USD. Its current market price is $30.47, marking an increase of 1.23% compared to the previous close of $30.10. The 52 week high reached by this stock is $31.96 whilst the lowest price level in 52 weeks is $21.63.
United Community Banks Inc (UCB) has a 20-day trading average at $28.88 and the current price is -4.66% off the 52-week high compared with 40.87% distance from its 52-week low. The 50-day simple moving average of the closing price is $28.11 and its 200-day simple moving average is $26.89. If we look at the stock’s price movements over the week, volatility stands at 2.07%, which increases to 2.83% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 61.76 to suggest the stock is neutral.
The consensus objective for the share price is $31.89, suggesting that the stock has a potential upside of 4.45% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 19, 2023 when Piper Sandler downgraded the stock to “Neutral” and issued a price target of between $31 and $27. Keefe Bruyette also downgraded the stock to “Mkt Perform” from Outperform on July 20, 2023 at a price target of $33-$30. Stephens initiated its price target at $34.
The current price level is 5.80%, 8.83%, and 13.47% away from its SMA20, SMA50, and SMA200 respectively, with the UCB price moving above the 50-day SMA on current market day. United Community Banks Inc (UCB) stock is up 0.20% over the week and 2.21% over the past month. Its price is 4.14% year-to-date and 12.27% over the past year.
To reach the target analysts have set, the stock logically needs to grow 4.45 percent from here.
The company has a return on investment of 5.02% and return on equity of 5.90%. The price to earnings ratio (P/E ratio) amounts to 19.74 while the forward price to earnings ratio is 12.76. The beta has a value of 0.91. Price to book ratio is 1.12 and price to sales ratio is 2.54.
