UCBI Stock Summary and Trading Ideas (United Community Banks | NASDAQ:UCBI)

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.

United Community Banks trades on the NASDAQ stock market under the symbol UCBI.

As of April 25, 2024, UCBI stock price declined to $25.90 with 10,966 million shares trading.

UCBI has a beta of 1.46, meaning it tends to be more sensitive to market movements. UCBI has a correlation of 0.26 to the broad based SPY ETF.

UCBI has a market cap of $3.09 billion. This is considered a Mid Cap stock.

Last quarter United Community Banks reported $239 million in Revenue and $.52 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.03.

In the last 3 years, UCBI stock traded as high as $39.50 and as low as $20.37.

The top ETF exchange traded funds that UCBI belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

UCBI has underperformed the market in the last year with a return of +2.8%, while the SPY ETF gained +22.4%. In the last 3 month period, UCBI fell short of the market, returning -9.2%, while SPY returned +3.0%. However, in the most recent 2 weeks UCBI has outperformed the stock market by returning +4.0%, while SPY returned -3.1%.

UCBI support price is $25.75 and resistance is $26.91 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UCBI stock will trade within this expected range on the day.