Piper Sandler analyst Brad Milsaps lowered the firm’s price target on United Community Banks to $31 from $32 and keeps an Overweight rating on the shares. The analyst reduced estimates to reflect the Q1 results and a lower run-rate net interest margin.
Published first on TheFly
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Read More on UCBI:
- United Community Banks, Inc. Reports First Quarter Results
- United Community Banks reports Q1 EPS 58c, consensus 69c
- United Community Banks (UCBI) Q1 Earnings Cheat Sheet
- United Community Banks initiated with an Overweight at Stephens
- United Community Banks, Inc. Announces Date for First Quarter 2023 Earnings Release and Conference Call
