DMC Group LLC Makes New $3.78 Million Investment in United Community Banks, Inc. (NASDAQ:UCB)

DMC Group LLC acquired a new stake in United Community Banks, Inc. (NASDAQ:UCB - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 134,343 shares of the company's stock, valued at approximately $3,779,000. United Community Banks makes up approximately 3.1% of DMC Group LLC's portfolio, making the stock its 3rd largest holding. DMC Group LLC owned 0.11% of United Community Banks at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of UCB. Vanguard Group Inc. bought a new stake in shares of United Community Banks during the fourth quarter worth approximately $450,141,000. FMR LLC bought a new stake in shares of United Community Banks during the fourth quarter worth approximately $310,166,000. Dimensional Fund Advisors LP bought a new stake in shares of United Community Banks during the fourth quarter worth approximately $195,766,000. Capital Research Global Investors bought a new stake in shares of United Community Banks in the fourth quarter valued at approximately $148,763,000. Finally, Earnest Partners LLC bought a new stake in shares of United Community Banks in the fourth quarter valued at approximately $113,536,000. Institutional investors own 82.29% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on UCB shares. Raymond James Financial restated a "market perform" rating on shares of United Community Banks in a research report on Tuesday. Stephens restated an "overweight" rating and set a $36.00 price objective on shares of United Community Banks in a research report on Wednesday, April 23rd. DA Davidson lowered their price target on shares of United Community Banks from $38.00 to $33.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Keefe, Bruyette & Woods lowered their price target on shares of United Community Banks from $35.00 to $32.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. Finally, Hovde Group upgraded shares of United Community Banks from a "market perform" rating to an "outperform" rating and lowered their price target for the stock from $32.00 to $31.00 in a report on Monday, April 7th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $33.14.

United Community Banks Trading Down 1.6%

UCB traded down $0.50 during trading on Friday, reaching $31.17. 414,056 shares of the stock traded hands, compared to its average volume of 663,494. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $3.79 billion, a PE ratio of 15.28 and a beta of 0.78. The stock's 50-day moving average is $29.32 and its 200 day moving average is $29.66. United Community Banks, Inc. has a 12 month low of $22.93 and a 12 month high of $35.38.

United Community Banks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Sunday, June 15th were given 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 yield of 3.08%. United Community Banks's dividend payout ratio (DPR) is currently 45.50%.

About United Community Banks

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.