Integrated Investment Consultants LLC Takes $454,000 Position in United Community Banks, Inc. (NASDAQ:UCB)

Key Points

• Integrated Investment Consultants LLC has acquired a new stake in United Community Banks, Inc., purchasing 16,122 shares valued at approximately $454,000 during the first quarter, as reported in its recent 13F filing.
• United Community Banks reported a quarterly EPS of $0.66, exceeding estimates, with a net margin of 16.48% and a revenue increase of 6.1% year-over-year.
• The company declared a quarterly dividend of $0.24 per share, resulting in an annualized dividend of $0.96 and a yield of 3.04%.

Integrated Investment Consultants 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 disclosure with the Securities & Exchange Commission. The institutional investor acquired 16,122 shares of the company's stock, valued at approximately $454,000.

Several other institutional investors and hedge funds also recently made changes to their positions in UCB. M&T Bank Corp bought a new stake in United Community Banks in the first quarter valued at approximately $926,000. Amalgamated Bank bought a new stake in United Community Banks in the first quarter valued at approximately $957,000. Principal Financial Group Inc. bought a new stake in United Community Banks in the first quarter valued at approximately $16,721,000. GAMMA Investing LLC bought a new stake in United Community Banks in the first quarter valued at approximately $132,000. Finally, New York State Teachers Retirement System bought a new stake in United Community Banks in the first quarter valued at approximately $2,897,000. Institutional investors and hedge funds own 82.29% of the company's stock.

United Community Banks Stock Down 0.0%

Shares of UCB traded down $0.01 during trading hours on Wednesday, reaching $31.23. The stock had a trading volume of 104,253 shares, compared to its average volume of 726,889. United Community Banks, Inc. has a 12 month low of $22.93 and a 12 month high of $35.38. The firm has a 50-day simple moving average of $29.88 and a 200 day simple moving average of $29.63. 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 company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 15.33 and a beta of 0.78.

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%. United Community Banks's quarterly revenue was up 6.1% on a year-over-year basis. Equities research analysts predict that United Community Banks, Inc. will post 2.52 earnings per share for the current fiscal year.

United Community Banks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Sunday, June 15th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.07%. The ex-dividend date was Friday, June 13th. United Community Banks's dividend payout ratio (DPR) is presently 43.64%.

Insiders Place Their Bets

In other United Community Banks news, EVP Richard Bradshaw sold 1,616 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $30.94, for a total transaction of $49,999.04. Following the transaction, the executive vice president directly owned 78,395 shares in the company, valued at approximately $2,425,541.30. This trade represents a 2.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.43% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods increased their price target on United Community Banks from $32.00 to $34.00 and gave the stock a "market perform" rating in a report on Monday. DA Davidson increased their price target on United Community Banks from $34.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Raymond James Financial restated a "market perform" rating on shares of United Community Banks in a report on Tuesday, July 8th. Hovde Group increased their price target on United Community Banks from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Finally, Stephens restated an "overweight" rating and set a $36.00 price target on shares of United Community Banks in a report on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, United Community Banks has a consensus rating of "Hold" and an average price target of $34.57.

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.