United Community Banks, Inc. $UCB Stake Lifted by Deutsche Bank AG

Key Points

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Deutsche Bank AG raised its holdings in United Community Banks, Inc. (NASDAQ:UCB - Free Report) by 13.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 113,794 shares of the company's stock after purchasing an additional 13,253 shares during the quarter. Deutsche Bank AG owned 0.10% of United Community Banks worth $3,201,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in United Community Banks in the 4th quarter valued at approximately $42,000. Versant Capital Management Inc purchased a new stake in United Community Banks in the 1st quarter valued at approximately $37,000. MassMutual Private Wealth & Trust FSB purchased a new stake in United Community Banks in the 1st quarter valued at approximately $45,000. Tower Research Capital LLC TRC purchased a new stake in United Community Banks in the 4th quarter valued at approximately $59,000. Finally, CWM LLC purchased a new stake in United Community Banks in the 1st quarter valued at approximately $62,000. Hedge funds and other institutional investors own 82.29% of the company's stock.

United Community Banks Price Performance

Shares of United Community Banks stock traded down $0.0050 during trading on Wednesday, hitting $31.2350. 395,956 shares of the company were exchanged, compared to its average volume of 715,339. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.08. United Community Banks, Inc. has a fifty-two week low of $22.93 and a fifty-two week high of $35.38. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 15.31 and a beta of 0.83. The firm has a 50 day moving average price of $30.43 and a 200 day moving average price of $29.43.

United Community Banks (NASDAQ:UCB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business's revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities analysts expect that United Community Banks, Inc. will post 2.52 earnings per share for the current fiscal year.

United Community Banks Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Monday, September 15th will be issued a $0.25 dividend. The ex-dividend date is Monday, September 15th. This is an increase from United Community Banks's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 3.2%. United Community Banks's payout ratio is 45.45%.

Insider Transactions at United Community Banks

In related news, EVP Richard Bradshaw sold 1,616 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $30.94, for a total transaction of $49,999.04. Following the completion of the sale, the executive vice president directly owned 78,395 shares of the company's stock, valued at approximately $2,425,541.30. This represents a 2.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. 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 objective on United Community Banks from $34.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Stephens restated an "overweight" rating and issued a $36.00 price target on shares of United Community Banks in a research report on Wednesday, April 23rd. Hovde Group lifted their price target on United Community Banks from $35.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of United Community Banks from $32.00 to $34.00 and gave the stock a "market perform" rating in a research report on Monday, July 28th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $34.57.

United Community Banks 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.