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17,382 Shares in United Community Banks, Inc. (NASDAQ:UCB) Purchased by Mutual of America Capital Management LLC

United Community Banks logo with Finance background

Mutual of America Capital Management LLC acquired a new stake in shares of United Community Banks, Inc. (NASDAQ:UCB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 17,382 shares of the company's stock, valued at approximately $489,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. purchased a new position in United Community Banks in the 4th quarter worth $450,141,000. FMR LLC purchased a new position in United Community Banks in the 4th quarter worth $310,166,000. Dimensional Fund Advisors LP purchased a new position in United Community Banks in the 4th quarter worth $195,766,000. Capital Research Global Investors purchased a new position in United Community Banks in the 4th quarter worth $148,763,000. Finally, Earnest Partners LLC purchased a new position in United Community Banks in the 4th quarter worth $113,536,000. Hedge funds and other institutional investors own 82.29% of the company's stock.

United Community Banks Trading Up 0.6%

United Community Banks stock traded up $0.18 during trading hours on Friday, reaching $31.55. The stock had a trading volume of 805,838 shares, compared to its average volume of 731,105. The stock has a market cap of $3.83 billion, a PE ratio of 15.46 and a beta of 0.78. United Community Banks, Inc. has a 52 week low of $22.93 and a 52 week high of $35.38. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.78 and a quick ratio of 0.78. The company has a fifty day simple moving average of $29.80 and a 200-day simple moving average of $29.62.

United Community Banks (NASDAQ:UCB - Get Free Report) last announced its quarterly 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 net margin of 16.48% and a return on equity of 8.64%. United Community Banks's quarterly revenue was up 6.1% compared to the same quarter last year. Analysts forecast that United Community Banks, Inc. will post 2.52 EPS for the current fiscal year.

United Community Banks Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Stephens reiterated an "overweight" rating and issued a $36.00 target price 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. Keefe, Bruyette & Woods decreased their target price on shares of 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. DA Davidson lifted their target price on shares of United Community Banks from $34.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Hovde Group lifted their target price on shares of United Community Banks from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $34.29.

View Our Latest Analysis on United Community Banks

United Community Banks Company Profile

(Free Report)

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.

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

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