United Community Banks Inc. (UCBI) Soars 1.17% on January 07

Equities Staff  |

United Community Banks Inc. (UCBI) had a good day on the market for Thursday January 07 as shares jumped 1.17% to close at $31.16. About 492,189 shares traded hands on 5,302 trades for the day, compared with an average daily volume of n/a shares out of a total float of 86.62 million. After opening the trading day at $30.67, shares of United Community Banks Inc. stayed within a range of $31.53 to $30.64.

With today's gains, United Community Banks Inc. now has a market cap of $2.7 billion. Shares of United Community Banks Inc. have been trading within a range of $31.21 and $14.95 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

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 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 Inc. is based out of Blairsville, GA and has some 2,414 employees. Its CEO is H. Lynn Harton.

For a complete fundamental analysis of United Community Banks Inc., check out Equities.com’s Stock Valuation Analysis report for UCBI.

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United Community Banks Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on United Community Banks Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: UCBI’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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