Piper Sandler Maintains Neutral Rating for United Community Banks: Here's What You Need To Know

Piper Sandler has decided to maintain its Neutral rating of United Community Banks UCBI and raise its price target from $27.00 to $28.00.

Shares of United Community Banks are trading down 0.74% over the last 24 hours, at $29.71 per share.

A move to $28.00 would account for a 5.76% decline from the current share price.

About United Community Banks

United Community Banks Inc is a bank holding company that operates through its wholly-owned subsidiary, Union Community Bank. The bank has scores of offices throughout portions of Georgia, Tennessee, and the Carolinas. It has traditionally grown through the organic growth of existing offices and de novo locations, complemented by selective acquisitions. United conducts substantially all of its operations through a community-focused operating model of separate community banks. The community banks offer a full range of retail and corporate banking services, including checking, savings, and time deposit accounts, as well as secured and unsecured loans, wire transfers, brokerage services, and other financial services. The bank's loan portfolio is well-diversified but predominantly commercial.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.