Csenge Advisory Group Purchases New Holdings in United Community Banks, Inc. (NASDAQ:UCB)

Csenge Advisory Group purchased a new position in United Community Banks, Inc. (NASDAQ:UCB - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 18,019 shares of the company's stock, valued at approximately $507,000.

Several other hedge funds have also made changes to their positions in the stock. Nomura Asset Management Co. Ltd. bought a new stake in United Community Banks during the 4th quarter valued at $31,000. Public Employees Retirement System of Ohio bought a new stake in United Community Banks during the 4th quarter valued at $42,000. Versant Capital Management Inc bought a new stake in United Community Banks during the 1st quarter valued at $37,000. Quadrant Capital Group LLC acquired a new position in shares of United Community Banks during the 4th quarter valued at $45,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new position in shares of United Community Banks during the 1st quarter valued at $45,000. Institutional investors own 82.29% of the company's stock.

United Community Banks Price Performance

Shares of NASDAQ UCB traded up $0.18 during mid-day trading on Friday, reaching $31.55. The company had a trading volume of 805,838 shares, compared to its average volume of 731,105. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.08. The stock has a market cap of $3.83 billion, a PE ratio of 15.46 and a beta of 0.78. The company has a 50-day moving average price of $29.80 and a two-hundred day moving average price of $29.63. United Community Banks, Inc. has a 1-year low of $22.93 and a 1-year high of $35.38.

United Community Banks (NASDAQ:UCB - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.05. United Community Banks had a return on equity of 8.64% and a net margin of 16.48%. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities analysts anticipate that United Community Banks, Inc. will post 2.52 earnings per share for the current year.

United Community Banks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Sunday, June 15th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.04%. United Community Banks's dividend payout ratio is 43.64%.

Analyst Ratings Changes

UCB has been the topic of several research analyst reports. Hovde Group lifted their price target on United Community Banks from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday. Stephens reiterated an "overweight" rating and set a $36.00 price target on shares of United Community Banks in a research report on Wednesday, April 23rd. Raymond James Financial reiterated a "market perform" rating on shares of United Community Banks in a research report on Tuesday, July 8th. DA Davidson lifted their price target on United Community Banks from $34.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods lowered their price target on United Community Banks from $35.00 to $32.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $34.29.

United Community Banks Company Profile

United Community Banks, Inc operates as the financial holding company for United Community Bank that provides financial products and services to commercial, retail, government, education, energy, health care, and real estate sectors. It accepts various deposit products, including checking, savings, money market, and other deposit accounts.