United Community Banks, Inc. (UCBI) Position Lifted by Stevens Capital Management LP

Stevens Capital Management LP increased its holdings in shares of United Community Banks, Inc. (NASDAQ:UCBI) by 72.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,970 shares of the financial services provider’s stock after acquiring an additional 19,680 shares during the quarter. Stevens Capital Management LP owned about 0.07% of United Community Banks worth $1,341,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Riverhead Capital Management LLC increased its holdings in shares of United Community Banks by 134.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,390 shares of the financial services provider’s stock worth $150,000 after acquiring an additional 3,090 shares during the last quarter. Palouse Capital Management Inc. acquired a new position in shares of United Community Banks during the 3rd quarter worth approximately $207,000. Fox Run Management L.L.C. acquired a new position in shares of United Community Banks during the 2nd quarter worth approximately $211,000. PNC Financial Services Group Inc. increased its holdings in shares of United Community Banks by 4.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,604 shares of the financial services provider’s stock worth $210,000 after acquiring an additional 295 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in shares of United Community Banks by 1.5% during the 2nd quarter. Amalgamated Bank now owns 9,645 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 140 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

United Community Banks, Inc. (UCBI) opened at $26.38 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.52. United Community Banks, Inc. has a 1-year low of $24.47 and a 1-year high of $30.47. The company has a market capitalization of $1,924.68, a price-to-earnings ratio of 16.29 and a beta of 0.88.

United Community Banks (NASDAQ:UCBI) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.41 EPS for the quarter, meeting analysts’ consensus estimates of $0.41. The firm had revenue of $109.35 million for the quarter, compared to analyst estimates of $114.65 million. United Community Banks had a return on equity of 10.31% and a net margin of 23.09%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 EPS. equities research analysts predict that United Community Banks, Inc. will post 1.63 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.52%. United Community Banks’s payout ratio is 27.03%.

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A number of research analysts recently weighed in on the company. BidaskClub lowered United Community Banks from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. ValuEngine lowered United Community Banks from a “buy” rating to a “hold” rating in a report on Tuesday. FIG Partners raised United Community Banks from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a report on Wednesday, August 16th. Stephens reaffirmed a “hold” rating and issued a $29.00 price objective on shares of United Community Banks in a report on Wednesday, July 26th. Finally, Raymond James Financial, Inc. decreased their price objective on United Community Banks from $32.00 to $31.00 and set a “strong-buy” rating on the stock in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. United Community Banks has a consensus rating of “Buy” and a consensus price target of $31.25.

United Community Banks Company Profile

United Community Banks, Inc (United) is a bank holding company. United conducts its operations through a community-focused operating model of separate community banks, which, as of December 31, 2016, operated at 139 locations throughout the Atlanta-Sandy Springs-Roswell, Georgia, and Gainesville, Georgia metropolitan statistical areas, upstate and coastal South Carolina, north and coastal Georgia, western North Carolina, and east Tennessee.

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Institutional Ownership by Quarter for United Community Banks (NASDAQ:UCBI)

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